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Question - Junhui Company established its Tuguegarao branch in 2019. Merchandise costing P120,000 is shipped to this branch. During the initial year, the home office acquires an equipment for P80,000 to be carried in the branch books, and the branch maintains physical possession and use. The equipment has a useful life of 4 years. The branch sells 60 percent of the inventory for P100,800 on account and subsequently collected half of the amount. The branch remits 80 percent in cash to the Home Office. What is the correct Home Office account balance on the records of the branch?
The discount rate (interest rate) for the project is 10% and the company's tax rate is 35%. What is the total cash flow of year 5 for the company
Prepare the entry for the first payment on July 1, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
How does the write-off of a nun collectible account receivable and the recovery of a previously written-off account receivable effect net income?
What is the cost amount per X7 seat that Aerospace Comfort billed the RAAF. Assume that the actual direct materials costs were
Based on analysis approaches outlined in the case, analyze any three NSE listed companies of your choice and advice the investor accordingly.
srb corp. is considering purchasing one of two new diagnostic machines. either machine would make it possible for the
You invest $7,000 into a savings account that pays an annual interest rate of 12.00%. How much would you have in your account after 12 years?
the bear rug has sales of 811000. the cost of goods sold is equal to 63 percent of sales. the beginning accounts
The development of the thesis is accomplished in the introduction of the speech.
What specific ratios will be considered by bankers when evaluating loans, and what will suppliers consider when extending credit? why?
Which of the following sets of accounts is the General Fund likely to have?
Describe one researched accounting position, and explain the essential skills that would make a candidate successful in the position.
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