User Account

All Pages

What is the amount of accumulated depreciation on December

Assignment Help Accounting Basics
Reference no: EM133075352

Questions -

Q1. QTS Corp. collected P24,700 in interest during 2021.  QTS showed P3,700 in interest receivable on its December 31, 2021 statement of financial position and P10,600 on December 31, 2020. How much is the Interest Revenue reported on QTS Company's statement of comprehensive income for 2021?

Q2. MAR Co. purchased machinery on account on July 1, 2019. Details of the machinery are as follows:

Cost of asset - P10,000

Salvage value - P2,000

Useful life - 8 years

The company uses the straight-line method in depreciating its assets.

What is the amount of accumulated depreciation on December 31, 2021?

Q3. ORI Co. reported profit after tax of ?420,000. ORI's income tax rate is 30%. Operating expenses for the year were 15% of sales and 25% of cost of sales. Other expenses were 10% of sales. How much is the sales?

Reference no: EM133075352

Questions Cloud

How much total current assets should present : How much total current assets should BT21 Co. present in its statement of financial position on December 31, 2021
Calculate the size of monthly payments : A $120,000.00 mortgage is amortized over 25 years. If interest on the mortgage is 8.5% compounded semi-annually, calculate the size of monthly payments made at
Operations and algebraic lesson plan : Using the lesson plans as resources, design a new operation and algebraic thinking lesson plan that encourages critical thinking.
What is the price of the companys stock : Leap Year, C0. currently pays no dividends on its stock. Management decides to issue dividends of $2.15 per share three years from now and expect to increase di
What is the amount of accumulated depreciation on December : The company uses the straight-line method in depreciating its assets. What is the amount of accumulated depreciation on December 31, 2021
Explain the florida sports foundation : You work for the Florida Sports Foundation, a 501(C) 3 non-profit corporation and a Division of Enterprise Florida Inc. The Florida Sports Foundation promotes a
Future stages of a business cycle : Market participants, including financial institutions, fund managers and corporations, must understand monetary policy setting impacts on economic activity and
Elaborate the rationale that worldcom issues : Some background introductions of our target firm, WorldCom. and industry, as well as some macro-economic factors before the bond issue. Explain generally about
How much is the total assets as of December : Total consideration from share issuances amounted to 4,000,000. How much is the total assets as of December 31, 2021

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd