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Problem 1: Banco de Oro has loaned P9,000 to Northern Star Company, using a 90-day non-interest-bearing note. The bank discounted the note at 7%. The credit to discount on Notes Receivable in the general journal will be in the amount of
A. P9,000.00.B. P8,842.50.C. P157.50.D. P9,157.50.
Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the? day, the shop had 10 rings in its inventory. During the? day, 4 new rings were delivered to the shop. By close of? business, only 8 rings remained in inventor..
Using the "Human Life Value" method, how much life insurance should you purchase if you have 45 years until retirement, an annual income of $61,500 received at the start of each years, and a time value of money of 7%? (Assume 80% income replacement, ..
Maillard Painting paints the interiors and exteriors of homes and commercial buildings. The company uses an activity-based costing system for its overhead costs. The company has provided the following data concerning its activity-based costing system..
The receivable was collected from the customer on October 8. What effect will the collection of cash from the receivable have on the company's financial statements?
Michiana Corporation acquired all of halpern stock on January 1 2014 for $600,000 cash. Halpern's accounting record showed net assets on that date of $470,000 although equipment with a 10 year life was undervalued on the records by 90000. Any recongn..
Name two types of Malware and briefly describe their behaviors. As a security administrator in your organization, what are the processes
Explain a incident which effect in the share price of the Confidence cement or For the EPS of confidence Cement is it effect the share price of this company?
Assuming you have five (5) full years to reach your goal, calculate the payments you will have to make each month to save the target amount of $50,000
Compute the amount to be withheld from each employee's earnings on November 15 for (a) FICA-OASDI, (b) FICA-HI, and (c) SUTA, and determine the total employee taxes.
Discuss the differences between the inventory accounting methods (LIFO, FIFO). Why do companies need to value the accounts receivable
Grand Company uses a job-order costing system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year, manufacturing overhead and direct labor-hours were estimated at $80,000 and ..
Frenza is planning, For each option 1, 2, and 3, compute net income and return on equity (Net income ÷ Equity). Ignore any income tax effects.
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