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Assume that you just completed a December weekend vacation to a resort within the Entertainment City in Pasay City. During your trip, you won P200,000 gambling. When the casino exchanged your chips for cash they did not record any personal information, such as your driver's license number or social security number. Four months later while preparing you tax returns for the prior year, you stop to contemplate the fact that the Bureau of Internal Revenue requires taxpayers to report all gambling winnings on Form XXX.
Problem (a) Would you report your gambling winnings to the Bureau of Internal Revenue so that you could pay income taxes on those winnings?
Problem (b) Based on your answer in (a), do you believe that your actions are ethical? Why?
Costs $25,000 will produce annual cash flows of $5,000 for a period of 6 years. Given a desired rate of return of 12%, the investment will generate a
What is the total cost of producing 1,000 axles and what is the total cost of producing 1,500 axles and what is the per unit cost when producing 1,500 axles?
Find and calculate and briefly comment on the variances Material Purchase price variance. Material Issue price variance. Material Quantity variance.
If the Green Pastures golf course is price-taker and won't be able to charge more than its competitor who charge $75 per round of golf. What profit will it earn
Assuming that 90,000 drums are needed each year, what is the financial advantage (disadvantage) of buying the drums from an outside supplier?
complete the financial reporting for every period and develop recommendations using the templates provided.procedure1.
Would the cost of full-time hourly employees behave mainly as a variable cost or a fixed cost? Does your answer change if you consider part-time hourly
Compute the contribution per unit and total contribution for the special order. Of the production costs and selling expenses, $700,000 and $100,000.
What is the project's payback? If Hughie has a policy of only accepting projects that payback within four years, would this project be accepted?
The variable cost per unit is $40 and its total fixed cost is $450,000. How much units required to achieve $100000 target profit?
Calculate activity rates for each activity cost pool,Determine the amount of overhead cost that would be assigned to each product using activity-based costing.
The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. What the Travel Expenses in the flexible budget
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