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Question - Lease agreement between lessor and lessee states that lessee will pay Php 240,000 for a two-year Occupancy of a store space starting April 1, 2019. Lessee is a corporation who uses fiscal period which starts on September 1 will transfer to this new site on April 1, 2019. What is the adjusting entry for this particular transaction at the end of the accounting period of the corporation?
Mr. A bought an equipment worth P100,000 on April 30, 2020 which has a useful life of 10 years. Mr. A uses half year to record depreciation as its policy. What is the adjusting entry on December 31, 2020?
A&A Products began construction on a warehouse that had a total estimated cost of $4,000,000. Construction began January 2, 2012. Expenditures for 2012 were made as follows: January 2, $1,000,000, March 1, $900,000, July 1, $400,000, and October 1 $8..
Is it true that most firms are able to obtain some free trade credit and that additional trade credit is often available, but at a cost? Explain.
What is the internal rate of return for each piece of equipment, what is the payback period for each machine
Calculate the firms cash conversion cycle, its daily cash operation expenditure and the amount of resources needed to support its cash conversion cycle.
If the company decides to purchase the new equipement what will be the overall ROI will this year, be sure to include the current year's information?
If a series of trade discount rates are 18%, 10%, and 6%, what is the equivalent single trade discount rate? (Round to two decimal places)
What is the growth rate in sales for the past three years and are revenues and expenses growing at the same rate? What was the experience in the past few years?
A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated ..
Which term is used for a set of budgets? Which budgeted financial statements are included in the set of budgets.List and explain the budgets in the set for a manufacturer or a merchandiser. Which budgeted financial statements are included in the sets..
Explain the recording and posting processes. Discuss the use of the trial balance. Describe a chart of accounts and its relationship to the ledger.
You require a return of 12 percent, compounded quarterly, for this type of investment. How much is this investment worth to you today
What do you recommend the company buy and why? The initial requestor does not have a preference on which carpet type is selected
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