What is the total current liabilities for bon nebo co

Assignment Help Managerial Accounting
Reference no: EM133186707

Question - Bon Nebo Co. sold 25,000 annual subscription of Bjorn for P85 during December 2021. These new subscribers will receive monthly issues, beginning in January 2022. In addition, the business has taxable income of P840,000 during the first calendar quarter of 2022. The tax rate applicable is 25%. A quarterly tax payment will be made on April 15, 2022. What is the total current liabilities for Bon Nebo Co. on March 31, 2022.

Reference no: EM133186707

Questions Cloud

Explain?the major functions of the federal reserve : Explain?the major functions of the Federal Reserve. Discuss why the money supply curve is vertical.
Compute departmental income for the white and grey divisions : Rent expense for the year was $80,000. Compute departmental income for the White and Grey Divisions, respectively
Endogenous verses exogenous growth theories : The sources of growth, is exogenous usually "technology". Such theoretical models hence are able to describe how an economy grows
Calculate for the actual direct manufacturing labor rate : Actual production for the current month was 4,000 units of AEC44 and actual sales were 2,500 units. Calculate for the actual direct manufacturing labor rate
What is the total current liabilities for bon nebo co : A quarterly tax payment will be made on April 15, 2022. What is the total current liabilities for Bon Nebo Co. on March 31, 2022
What is the adjusting journal entry on december : The unadjusted trial balance of ABC Company on December 31, 2019, end of its first year of operation, What is the adjusting journal entry on December
Analyse the ethically and politically charged nature : Analyse the ethically and politically charged nature of managerial work arising from responsibilities towards diverse stakeholder groups
What is your income using variable costing : The production is sold for P160 per unit. Variable commercial expenses are P20 per unit sold. What is your income using variable costing
When should you buy the new equipment : The annual maintenance cost is $3.500 per year for the old and $2000 for the new. When should you buy the new equipment

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the breakeven point assuming the sales mix

What is the breakeven point assuming the sales mix consists of two units of Product X and one unit of Product Y? The information is for Baker Corporation

  Would informing the chief accountant of dispute and why

René Alverez, Would informing the chief accountant of her dispute with Mr. Sawyer violate the confidentiality standards of ethical professional practice?

  Determine the breakeven point in sales units

Geiss Company sells one product for $175 per unit. Its variable costs are $116 per unit, and its fixed costs are $354,000. Determine the breakeven point in sale

  What is the overhead applied during the year

When setting its predetermined overhead application rate, Tasty Turtle estimated its overhead would be $75,000. What is the overhead applied during the year

  What impacts did the t-mobile and sprint merger have

What impacts did the T-Mobile and Sprint merger have on the combined firm's cost of capital, in comparison to when the two firms were separate?

  Roehler industrial has estimated that production

In Exercise 10-8, Roehler Industrial has estimated that production for the next five quarters will be:Production Information

  Why do consider that taxation authorities require

Why do you consider that taxation authorities require an international transfer price to be set based on an arm's length transaction?

  Restate the segmented income statement

Identify at least two ways in which the two segments - Using Activity Based Costing, restate the segmented income statement and what changes would you recommend

  What is the standard labor-hours allowed

In the most recent month, 195,000 items were shipped to customers using 8,600 direct labor-hours. What is the standard labor-hours allowed

  A physical inventory of liverpool company taken

A physical inventory of Liverpool Company taken at December 31 reveals the following.

  Explain why the firm can maximize the profits by employing

The firm can maximize its profits by employing the factors in optimal combinations at which the cost of production will be minimum. Explain.

  Determine effectiveness using the ima statement

Determine Effectiveness; Resolving Ethical Issues Using the IMA's Statement of Ethical Professional Practice; Explain the correlation

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!

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