Juan earned P200,000 in rendering services. His total expenses are 40%. His net income is: a. P120,000 b. P200,000 c. P80,000 d. P320,000
Q: What was the standard rate for August?
A: Step 1: Introduction to standard costingStandard costing is a management accounting technique used…
Q: Need help
A: Step 1: Introduction to the Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is used to figure out…
Q: Not use ai please don't
A: Step 1: Define Return on AssetsA company's return on assets indicates the ratio of profit earned by…
Q: Please need answer the accounting question
A: Step 1: Introduction to the Net Cash Flows from Operating ActivitiesThe net cash flows for a firm…
Q: Piedmont Company segments its business into two regions-North and South. The company prepared the…
A: Explanation: To calculate Break even point in dollar sales, following formula is to be used:Break…
Q: Provide answer this accounting question not use chatgpt
A: Step 1: Define Variable CostingIn managerial and cost accounting, the notion of variable costing…
Q: River falls management uses a normal cost system and hards the following data available for 2020…
A: First, we need to calculate the applied overhead. The overhead application rate is given as 140% of…
Q: General Accounting
A: Step 1: Analyze the Sales TransactionStep 2: Analyze the Collected Cash for Future ServicesStep 3:…
Q: Need help with this accounting question
A: Step 1: Introduction to the Debt-to-Equity RatioThe debt-to-equity ratio is mostly used to assess a…
Q: Hi expart Provide correct solution
A: Step 1: Introduction to the Direct Materials VarianceThe total direct materials cost variance…
Q: Hi expart Provide answer this accounting question
A: Step 1: The annual Profit of the company can be calculated by subtracting the total fixed costs from…
Q: Hello tutor need help with general accounting question
A: Step 1: Introduction to the Straight-line depreciationIn this depreciation method, the same amount…
Q: What is firm's price earnings ratio?
A: The problem requires the determination of the firm's price-earnings ratio. The price-to-earnings…
Q: Check Sales Cost of goods sold Accounts receivable 2021 2020 $ 459,829 223,168 22,256 $ 298,590…
A: Analysis of Trends:Sales and Cost of Goods Sold (COGS) are increasing at a similar rate, which might…
Q: General Accounting question give answer
A: To calculate the increase in earnings per share (EPS) due to a 7% increase in sales, we can use the…
Q: What amount will net income increase?
A: Step 1: Define SalesSales are the effective operations of a firm that are made to the various…
Q: Marc and Mikkel are married and earned salaries this year of $64,800 and $16,800, respectively. In…
A: Step 1: Calculate Gross Income:• Total salaries: $64,800 + $16,800• Add corporate bond interest:…
Q: Beta Inc. has based its budget forecast for next year on the assumption it will operate at 90% of…
A: 1. Break-Even Point CalculationAt the break-even point:Sales Revenue = Total Costs = Fixed Costs +…
Q: please do them right. i will upvote.
A: The organizational costs Ajax, Inc. incurred—$16,900 in total—are subject to the IRS rules under…
Q: Calculate return on investment and give true answer
A: Step 1: Introduction to the Dupont AnalysisThe Dupont analysis is a significant study in management…
Q: Need help with this accounting question
A: Step 1: Define Du Pont AnalysisA strength-weakness analysis aimed to identify the aspects shifting…
Q: If a company's revenue is $50,000, the cost of goods sold is $30,000, and operating expenses are…
A: Explanation of Revenue: Revenue is the total amount of money generated from a company's sales of…
Q: please need answer this accounting question
A: Step 1: Define Cost of GoodsThe cost of goods includes all the costs that are incurred in the…
Q: Managerial Accounting Question
A:
Q: Provide solution for this general accounting question
A: ### Step 2: Calculate Contribution Margin Ratio **Contribution Margin Ratio Formula:**Contribution…
Q: Don't use AI.
A: a) Calculate Roquan's deduction for qualified business income Assuming this is year 2023, and Roquan…
Q: Alden Company's monthly data for the past year follow. Management wants to use these data to…
A: First Step: determine the highest and lowest unitsIn this case, month 7 is the highest with 322,000…
Q: Provide correct answer
A: Step 1: Define Net IncomeNet income is calculated depending on the company's applied basis of…
Q: Preston Products produces a disinfecting liquid. The liquid is sold in one gallon containers and has…
A: Step 1: Identify the target after-tax profit, tax rate, fixed costs, sales price per gallon, and…
Q: Don't use Ai and chatgpt. Answer in step by step with explanation.
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: A). Discuss what is meant by automatic exchange of information for International Tax and What are…
A: Approach to Solving the QuestionUnderstand the ConceptBegin by defining AEOI and its significance in…
Q: 10. The Yield to Maturity for a one-year coupon bond with Face Value $10,600 selling for $10,759 and…
A: To find the Yield to Maturity (YTM) for this one-year coupon bond, we'll use the formula:YTM=(Coupon…
Q: Not use ai please don't
A: Step 1: Define CVP AnalysisCost volume profit analysis is an important concept in cost accounting…
Q: You just sold 500 shares of stock for $35.80 per share. One year ago, you purchased the stock for…
A: Step 1: Given Value for Calculation Number of Share = n = 500Selling Price per stock = s =…
Q: please do them right. i will upvote.
A: To solve this problem, we need to understand the rules for deducting start-up expenditures.…
Q: Provide correct net sales
A: Step 1: Define Net SalesNet sales are the amount of revenue earned by the company after taking into…
Q: Solve this one
A: Step 1: Define Product Costs & Period CostsThe total costs of a firm can be classified into…
Q: General Accounting
A:
Q: General Accounting Question
A: Step 1: Define Present Value of InvestmentThe equivalent value of an expected cash flow in today's…
Q: If a company sells more than one product, and the sales reports show that the sales volume of…
A: 1. Identifying Rising Production Costs:When product A's sales are rising but overall profits are…
Q: On January 1, 2025, Crane issued $800,000 of 9% serial bonds at par. Semiannual interest is payable…
A: On January 1, 2025, Crane issued $800,000 of 9% serial bonds at par. These bonds require semiannual…
Q: General Accounting question please give answer
A: Step 1: Introduction to the Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is used to compute the…
Q: General Accounting
A: Step 1: Define Retained earningsRetained earnings refer to corporate's accumulated net income after…
Q: Solve this general accounting problem
A: Step 1: Define Monthly Loan PaymentsA loan is a source of financing provided by financial…
Q: Business 123 Introduction to Investments May I please have the solution for the following exercise?…
A: To complete this exercise, you'll need to analyze at least two stocks from the list provided (Merck,…
Q: Can you please solve this accounting question ?
A: Step 1: Define Lost SalesLost sales refer to a seller not being able to respond to customers' demand…
Q: Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2024.…
A: Step 1:Calculation of social security tax:Tax= Social Security Wage Base * Tax Rate =$168,600*…
Q: If you give me wrong answer I will give you unhelpful rate
A: Step 1: If Dennis's tax rate is 22 percent, which bond should he choose?We used the formula to…
Q: ABC Company produces widgets with a standard cost of $10 per unit. During the month, they produced…
A: Explanation of Standard Cost: The standard cost is a pre-determined cost assigned to each unit of…
Q: REQUESTED: 1. Determine the electricity cost function, if the company uses the high-low method! 2.…
A: Approach to solving the question: For better clarity of the solution, I have provided the formula…
Need answer..
Step by step
Solved in 2 steps
- Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000Last year Sherlock had an annual earned income of S58,475. He also had passive income of $1,255, and capital gains of $2,350. What was Sherlock's total gross income for the year? a. $58.475 b. 559.730 c. 560 985 d.562.080Mr. Diretso is concurrently employed at Cumaliua Corporation and Cumanan Corporation. He received the following during the month:Compute for the VAT to be paid a. ₱0 b. ₱7,440 c. ₱9,643 d. ₱10,800
- 1. Darna, employed, derived the following income during the year: P 400,000 40,000 20,000 50,000 Gross Salaries 13 Month pay and other benefits SSS, PhilHealth and Pag-Ibig Contributions Deductions for loans repayments Deductions for withholding tax 60,000 Compute the compensation income to be reported in the annual income tax return.What is George’s gross income if he has the following: Salary = $78,000; Dividends = $4,000; interest on city of San Francisco bonds = $2,000; a gain of $14,000 on a stock sale and a $4,000 loss on a small sole proprietorship that he owns. a. $78,000 b. $84,000 c. $92,000 d. $96,000. A resident citizen has the following data on income and expenses in 2018: Gross compensation income ₱ 200,000 Gross sales 900,000 Cost of sales 500,000 Business expenses 200,000 He avails himself of the Optional Standard Deduction. How much is the OSD? a. ₱80,000 b. ₱160,000 c. ₱200,000 d. ₱360,000 ANSWER:
- Mr. Carlo had the following income during the year:Gross compensation income (including 13th month pay of P25,000), P325,0000;Less: Tardiness or absences, (P10,0000)Net compensation income, P315,000Deduction: SSS deductions, P12,000Philhealth deductions, P9,000Pag-ibig deductions, P10,000Union dues, P5,000Withholding tax, P40,000Net pay, P239,000Compute the total exclusion from gross income.Sarah has the following items of income: Philippines Abroad Business Income 200,000.00 100,000.00 Professional fee 100,000.00 50,000.00 Compensation Income 400,000.00 Rent Income 300,000.00 200,000.00 Interest Income 30,000.00 40,000.00Dd.63.
- need answer plsssTaxpayer is a sole proprietor owner of a merchandising business. He sells an idle lot located in Baguio City at 10% above cost. Records show the cost of P1,000,000. Zonal value per BIR list is P1,200,000 and the value per local assessor's office is P800,000. Compute the capital gains tax: О а. Рб,000 O b. PP60,000 О с. Р72,000 O d. Not subject to capital gains taxIn preparing the Annual Income Tax Return of Nicanor, the following information were culled from his accounting records: Gross sales – Php 1,500,000 Cost of sales – Php 500,000 Gross Profit – Php 1,000,000 Operating expenses: Depreciation – Php 100,000 Rent Expense – Php 100,000 Repairs and Maintenance – Php 100,000 Salaries and wages – Php 100,000 Utilities Expense – Php 100,000 Other income: Cash Prizes – Php 100,000 Dividends from ABC Corp. – Php 100,000 Interest income from bank deposits – Php 100,000 Rental income – Php 1,000,000 In addition, you learned that Nicanor intends to sell a residential house and lot which he inherited from his father and 1,000 shares of stocks in a domestic corporation which were sold by her mother to him in the amount of Php 1 Million. He provided you the…