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Question - A VAT-registered seller sold various merchandise at wholesale price, VAT exclusive: Total retail price P300,000 less Trade discount (10%) P30,000 less Cash discount (5%) 13,500. The cash discount will be availed if the customer pays in 15 days. What is the output VAT?
On January 1, 2014, because of recent events in the field, Carter estimates that the remaining life of the patent purchased on January 1, 2013, is only 5 years from January 1, 2014. Prepare the intangibles section of Carter’s balance sheet at Decembe..
Compute the project's cash flows in years 0-4, calculate the net present worth of the project and its internal rate of return
Assess the outcomes of this political interference in terms of the Conceptual Framework for Financial Reporting (eg. the objective of general purpose)
Explain how variable costing differs from absorption costing and compute unit product costs under each method, and Identify relevant and irrelevant costs and benefits in a decision situation.
Outline how you needed to compromise and be mindful of people's cultural differences as you manage employees and consider strategies
Compute the depreciation expense under the Declining-balance using double the straight-line rate for 2020 and 2021. Units-of-activity for 2020
Calculate the inventory turnover for Oakley
A check was issued for 98.05 to replenish the petty cash fund. A total of 1.95 is all that remains in the petty cash box at this time. All of the receipts have been accounted for and the summary below shows the following expenditures have been made f..
How are the capital gains and losses treated on Gain's 2013 tax return? - Determine the amount of the 2013 capital loss that is carried back to each of the previous years.
Weighted average shares outstanding to solve for the basic EPS. the the information and compute Carmen company's earnings per share for the year ended December
Compute the value of this stock. A firm does not pay a dividend. It is expected to pay its first dividend of $0.28 per share in three years.
lam, Inc. reported a retained earnings balance of $150,000 at December 31, year 1. In June year 2, Flam discovered that merchant disecosting $40,000 had not been included in inventory in its year 1 financial statements. Flam has a 30% tax rate. What ..
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