Reference no: EM133134604
Question 1 - Sialmo Co. has estimated that total depreciation expense for the year ending December 31, 2022 will amount to P6,150,000, and the 2022 year-end bonuses to employees will total P4,550,000. Sialmo Co. paid P500,000 property taxes assessed for the year 2022. On June 30, 2022, Sialmo Co. incurred a permanent inventory loss from market decline of P269,000 and loss on sale of land of P144,000. In the interim income statement for the six months ended June 30, 2022, what total amount of expenses relating to these items should be reported?
Question 2 - Cuerpo Corp. paid P750,000 for annual property taxes on January 15, 2022, and P40,000 for building repair costs on March 15, 2022. Total repair expenses for the year were estimated to be P260,000. What total amount of expense for these items was reported in Cuerpo's first quarter 2022 interim income statement?
|
What would be the provision charged in the second quarter
: Sales in the second quarter were P18,000,000. What would be the provision charged in the second quarter's interim financial statements
|
|
What prevents managers from handling grievances properly
: What prevents managers from handling grievances properly
|
|
Facing a shortage of pharmacists
: Small Town Community Hospital is facing a shortage of pharmacists. Medications are not getting to the patient units timely. Physicians ask pharmacists for the m
|
|
Encourage mistreatment of animals
: In Laudato Si', what are some reasons that Pope Francis gives for believing, contra Singer, that Christian doctrine, properly understood, does not encourage mis
|
|
What total amount of expense for these items was reported
: Total repair expenses for the year were estimated to be P260,000. What total amount of expense for these items was reported in Cuerpo's first quarter 2022
|
|
Calculate the free cash flows
: The contract will add $200,000 to your revenues for each of the next five years and it will cost you $100,000 per year - Calculate the free cash flows
|
|
Determine the effective annual percentage interest rate
: A company offers loans to its policyholders against cash value of their policies at annual interest rate of 6 percent, Determine the effective annual percentage
|
|
Essential core ict knowledge required for ict professional
: Essential Core ICT Knowledge required for any ICT professional. This includes ICT Professional Knowledge and ICT Problem Solving
|
|
How much money do you receive from the buyer
: The current ask and bid quotes are 72.17 and 71.80, respectively. You place a limit sell order at 72.00. How much money do you receive from the buyer
|