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Question - The Department of Agriculture (DA) purchased five (5) units of E-Jeepney from ABC Motors, Inc. for a total purchase price of 5,280,000. At that time, ABC Motors has promotional sales of "Buy 5 take one free" that an additional unit E-Jeepney costing 450,000 will be given away as promotional item. The applicable tax rate for this purchase is 6% (5% VAT and 1% EWT). What is the cost per unit that should be reflected in the books of DA for the purchase of the motor vehicles?
Freesure expects all qualifying customer to receive the rebate. Prepare the journal entry to record the sale of a refrigerator to participating dealer for $6000
Calculate cost of goods sold and ending inventory under the following cost flow assumptions (using a periodic inventory system)
What is journal entry or entries to account for the call and cancellation of the bonds on April 30, 2030. Assume the interest related journal entries
Examine the statement of cash flows for that company, and calculate the cash flow ratios presented in the lecture for the company that you have chosen
Record each transaction in journal form and post to the appropriate accounts in the ledger. Prepare a Trial Balance for January 31, 2008.
Compute Ahmed's gross earnings and net pay for the pay period showing each payroll deduction in arriving at net pay
The economy would operate more efficiently if frictional unemployment were eliminated. Therefore, a goal of government policy should be to reduce the frictional rate of unemployment to the lowest possible level." Briefly explain whether you agree ..
Prepare a table with the headings for a monthly bank reconciliation dated September 30 - Bank service charge for September
. Explain the differences between direct tracing, driver tracing, and allocation. Big Foot Athletics designs and manufactures running shoes
The separate company statements for P and S appear in the first two columns of the partially completed consolidated workpaper. Complete the consolidated workpaper for P and S for the year 2011.
How much do you intend to spend on your marketing? You may break this down by quarter for one year.
Assuming that, the office building has a fair market value of P1,600,000, what is the carrying value of the office equipment after impairment loss recognition
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