What total amount of expenses relating to these two items

Assignment Help Financial Accounting
Reference no: EM13133419

Philo company estimates that the amount of total depreciation expense for the year ending december 31 will be $60,000 and for year end bonus to employees will be $120,000. What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30?

Reference no: EM13133419

Questions Cloud

What is the atomic mass of x : If 2.45 g of X reacts with 6.55 g of M to produce 11.25 g of a compound with the formula M2X3, and the atomic mass of M is 42.0 amu, what is the atomic mass of X
Test the hypothesis using linear methods : Group 2 data [ 141, 139, 172, 131, 150, 125. Assume normal distribution, with equal variance in the two groups and conclusion for a=0.05.
Determine the direct labor budget : The budgeted production is for 52,000 comforters in 2010. Each comforter requires 1.5 hours to cut and sew the material. If cutting and sewing labor costs $11.00 per hour, determine the direct labor budget for 2010.
Ow many milliliters of naoh will be required : ow many milliliters of 0.200 M NaOH will be required to titrate 8 mL of 0.479 M H2SO4
What total amount of expenses relating to these two items : What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30?
Find limits of confidence interval for true mean weight loss : For these data, a 99% confidence interval for true mean weight loss by all patients attending the clinic would have the limits (?, ?).
Problem related to charitable contribution deduction : Stock in Acme Corporation acquired 7 months ago and held as an investment, donated to Southwest University 4,000 6,200 How much qualifies for the charitable contribution deduction?
What is the recognized gain or loss and how is it classified : On August 10, 2009, an investor purchased 1,000 shares of Planet Corporation for $12,000. On January 2, 2010, the stock became worthless. What is the recognized gain or loss, and how is it classified?
Lengths of square given opposite vertices : Two opposite vertices of a square are P(3, 2) and Q(-5, -10). Find the length of:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Whom does this transferor make transfer warranties

What are the two kinds of implied warranties for which warranty liability can be imposed in connection with a negotiable instrument and what kind of personal defenses can he raise against enforcement of a negotiable instrument by an ordinary holde..

  Establish a new factory in the panama city

How would your answer modify if Engco sold its goods with title passing at the customer's location?

  Calculation of total variable cost

Calculation of total variable cost and contribution income statement - Assume the same unit costs in all years. Total variable costs on the company's 2007 contribution income statement will be?

  Calculate the amount of phantom profit

Calculate the amount of phantom profit that would result if the company used FIFO rather than LIFO. Describe why this amount is referred to as phantom profit

  Calculation of overhead variances

Calculation of Overhead Variances - Budget for actual hours of inputand find the Overhead Variances

  What was the total impact on jensen companys

What was the total impact on Jensen Company's 2013 income as a result of this fair value hedge of a firm commitment?

  Calculate the equity method balance in corgan investment

Calculate the equity method balance in Corgan's investment in smashing, inc., account as of december 31, 2011. prepare the worksheet adjustment for the december 31, 2011, consolidation of corgan and smashing.

  What major disadvantage of this method

Delmar Corporation is considering the use of residual income as a measure of the performance of its divisions. What major disadvantage of this method should the company consider before deciding to institute it?

  Explain joint ventures and partnerships

Explain Joint Ventures and Partnerships

  Show are these ratios positive

Are these ratios positive? Why or why not - Analysis of Financial Statements in terms of Ratios whether positive or negative

  Suggest an inventory control system

What type of inventory control system would you suggest to Jim Reed and Type of inventory control system

  What is consolidated net income for sedona and phoenix

What is consolidated net income for Sedona and Phoenix for 2013

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