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Problem 1: Anmary Biscuit's Company owns a factory equipment which was originally purchased January 1,2012 for P175,000. The company's adjusted trial balance shows accumulated depreciation of P75,000 for the said equipment . It is determined, however,that the equipment will only be used up to December 31,2019,by which time, it can be sold to a secondhand equipment dealer. How much is the estimated sales value of the equipment on December 31,2019?
Direct materials and direct labor are variable costs. Manufacturing overhead costs can be a combination of variable and fixed
If the Jacobs file a joint return, what portion of their social security benefits are included in income for federal income tax purposes
Complete comparative income statements for the month of January for Laker Company for the four inventory methods. Assume expenses are $2,000
When the auditor examines the? client's documents and records to support recorded transactions or? amounts, it is commonly referred to as
You estimate that you would be needing $90,000 to send your daughter to University in nine years. At what rate will you just reach your goal
Candies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans. Compute the break even sales (units) for the overall product, E
As a manager, how confident would you be in basing strategic decisions on the information that you have obtained online for the SWOT? What other sources of information can you use to effectively complete the SWOT analysis?
in december 2010 gomez companys manager estimated next years total direct labor cost assuming 50 persons working an
What is the Company's Inventory Turnover ratio for 2015? What inventory cost flow assumption does the Company apply for 2015
During its most recent fiscal year, Dover, Inc. had total sales of $3,400,000. Contribution margin amounted to $1,600,000 and pretax income was $550,000.
Compute the gross margin percentage and net profit margin ratio. Alpha Company's assets at the beginning of the year were $1,500,000
Use this information to prepare Alpha Company's general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor
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