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Question 1: Interest income from bank deposit is a passive income while active income includes income from business. Who contributes to the economy more in the form of tax payment, an individual with P1,000,000 time deposit or a businessman with P1,000,000 net income? Justify your answer.
The quick ratio differs from the current ratio in that it
Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 unit..
The bonds were sold when market rates of interest were 10 percent. The discount/ premium is amortized using the effective interest method.
questioncash budgetthe controller of dash shoes inc. instructs you to organize a monthly cash budget for the next three
What is the effective annual yield (EAY) on this investment? (answer as a percentage rounded to two decimal places without % sign. eg 2.889% would be written 2.
Find the expected dividend yield.- Find the expected capital gains yield.- Calculate the cost of each capital component, that is, the after-tax cost of debt.
A newly hired manager of a engineering company,does not understand how the cost of the firm's equipment is expensed. In memo format, explain how depreciation provides a means of expensing the cost of equipment.
Explain how will a partner's distributive share be find out if the partner sells one half of his or hers beginning of the year partnership interest at the beginning of the tenth month of the partnership's tax year?
Fait, Inc. specializes in upgrading cars to meet specialized requirements for safety or comfort. On October 1st, Year 2, the management team decided to improve their production facility. Make the necessary journal entry for the creation of the loan o..
A category of costs that include all the costs associated with the general management of the company is referred to as. Direct labor costs include all of the following except:
Susan is a lawyer who operates her business as a sole proprietorship. During 2014 she receives $300,000 for her legal services. Of the amount collected, $50,000 was for services provided in 2013. Calculate Susan’s income using the cash basis method o..
Consider the following products: (a) a power screwdriver for use in the home; (b) a desktop inkjet printer; (c) an electric car. Using Web based resources, make your estimate of the following factors needed for the development project to launch each ..
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