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. P320,000 answer this
Q: ???
A: Given, Predetermined Overhead rate = $24 per direct labor hourDirect Material Costs for Job #175 =…
Q: Given answer general Accounting question
A: Explanation:The truck is purchased for $135,000, with $63,000 paid in cash and the remaining balance…
Q: Determine net income?
A: Step 1: Define ROEROE is the return on equity, which is estimated by dividing the net income over…
Q: Safe Bank's loan agreement specifies: principal $50,000, annual interest rate 8%, term 3 months.…
A: To calculate the total interest payable for the loan period, we can use the simple interest…
Q: Not use ai solution provid correct answer general Accounting question
A: Calculation of Gross LossGross Loss on Cost is 1/8 which means Gross loss is 1/8th of the Cost of…
Q: Actual overhead incurred: 1234567
A: Explanation of Manufacturing Overhead: Manufacturing overhead includes all indirect costs associated…
Q: Need your help with question
A: To calculate the number of workdays in an order cycle, we need to break it down step by step. Step…
Q: Solve this general accounting problem
A: Explanation of Total Asset Turnover:Total Asset Turnover measures how efficiently a company uses its…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of High-Low MethodThe high-low method is a cost accounting technique used to…
Q: Problem related financial Accounting
A: The Economic Order Quantity (EOQ) model is used to determine the optimal order quantity that…
Q: hi teacher help me this question answer general accounting
A: To calculate Solar Technologies Inc.'s cost of equity capital, we use the **Capital Asset Pricing…
Q: Provide Answer
A: Concept of Perpetual Inventory SystemA perpetual inventory system is an accounting method where…
Q: Accurate answer
A: Biological assets are unique in accounting because they are living organisms, such as livestock,…
Q: Manufacturing overhead?
A: Step 1: Definition of Under- or Over-Applied Manufacturing OverheadUnder- or over-applied overhead…
Q: General Accounting
A: Step 1: Understand the RelationshipRetained earnings represent the cumulative profits of a company…
Q: Accounting problem 4.9
A: Concept of Economic Order Quantity (EOQ)Economic Order Quantity (EOQ) is a formula used in inventory…
Q: For the current year, Paxman Company incurred $155,000 in actual manufacturing overhead cost. The…
A: Step 1: Determine the standard manufacturing cost by adding the actual manufacturing cost and…
Q: I don't need ai answer accounting questions
A: Step 1: Allocate overhead Basis: Direct labor cost Applied overhead = Actual direct labor cost x…
Q: Kindly help me with accounting questions
A: Step 1: Define The Accounting EquationThe accounting equation is the equation that connects the…
Q: Accounting probelm
A: Concept of Unrealized Profit:Unrealized profit refers to the portion of profit that has not yet been…
Q: ?
A: Explanation:A subsidiary ledger is used in accounting to provide detailed information about a…
Q: John wick company has total assets
A: To calculate the Return on Equity (ROE), we use the formula: ROE = Profit Margin × Total Asset…
Q: Need This general accounting answer
A: Step 1: Calculate the total costStep 2: Calculate the total revenueStep 3: Calculate the gross…
Q: Subject:- General Account
A: We are tasked with determining the cash received from customers using the given information:Sales…
Q: The cost of units transferred out of the department
A: Step 1: Analysis of information givenBeginning work in process inventory = $36,000Costs added to…
Q: Don't Use Ai
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: Need help with this accounting questions
A: Step 1: Definition of Commercial SubstanceCommercial substance refers to a transaction that…
Q: General Accounting
A: HPR=(Pend−Pbegin)/Pbegin×100Where:Pbegin is the purchase price ($225.50)Pend is the closing price…
Q: Expert provide solution to this question
A: The we need to calculate how much **cash Eddie Corporation would receive** from the sale of the…
Q: The total cost of job 333 is
A: Explanation of Direct Materials:Direct materials are the raw materials that are directly used in the…
Q: Find out
A: Concept of Deferred Tax AssetsDeferred tax assets represent the future tax benefits a company…
Q: 4 POINTS
A: Step 1: Formula Equity ending balance = Equity beginning balance + Net income - WithdrawalsNet…
Q: The following information is available
A: To calculate the gross profit for Mortenson Company in a multiple-step income statement, we use the…
Q: Tutor need your guidance
A: To find the number of workdays in an order cycle, we first need to calculate the Economic Order…
Q: None
A: Step 1: Definition of Key TermsTotal Production Cost: The total cost to produce goods, including…
Q: Question 6.4
A: Step 1: Step 2: Step 3: Step 4:
Q: Hello tutor please provide answer general Accounting question
A: Step 1: Define Operating cycleOperating cycle is the summation of the days inventory outstanding and…
Q: What is the number of work days in an order cycle
A: 1. Calculate the EOQ:Annual demand (D): 48,000 batteriesOrdering cost (S): $30 per orderHolding cost…
Q: Do fast answer of this accounting questions
A: Step 1: Definitions of Net Sales: Total sales less sales returns and discounts.Gross Profit: Net…
Q: Please solve this question general accounting
A: To calculate the depreciation expense per mile under the units-of-activity method, use the following…
Q: General accounting
A: Step 1: Define Dividends PaidDividends are payments made by a company to its shareholders from its…
Q: Job N5R was ordered by a customer on September 25. During the month of September, Jaycee Corporation…
A: Explanation of Direct Materials: Direct materials are the raw materials that become an integral part…
Q: General Accounting question
A: The required rate of return can be calculated using the Capital Asset Pricing Model (CAPM). The CAPM…
Q: General Account
A: The correct answer is:A) Increase assets and increase stockholders' equity Explanation:Net income…
Q: Solve this financial accounting question not use ai
A: Step 1: Define DuPont IdentityThe DuPont Identity is a financial framework that breaks down a…
Q: Sawyer Industries, Inc. (SII), developed standard costs for direct material and direct labor. In…
A: Formula for Direct Material Efficiency VarianceThe direct material efficiency variance measures the…
Q: Need help this question general accounting
A: Step 1: Definition of Gross MarginGross margin is the difference between sales revenue and the cost…
Q: Explain the concept of convertism in accounting
A: Conservatism: A prudent approach in accounting that requires a higher degree of verification for…
Q: Hi expert please give me answer general accounting question
A: To calculate the Cost of Goods Sold (COGS), we use the formula: COGS = Beginning Inventory +…
Q: What is the company's cost of equity capital?
A: The cost of equity capital can be calculated using the Capital Asset Pricing Model (CAPM)…
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. P320,000 answer this
Step by step
Solved in 2 steps
- Need answer..A family has a net worth of $165,000 and liabilities of $176,000. What is the amount of their assets? Group of answer choices $11,000 $165,000 $176,000 $341,000 $506,000. 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:
- 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 40,000.00LO.5 Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,000, and her residence expenses are as follows: Real property taxes Interest on mortgage Operating expenses Depreciation (based on 8% business use) What is Cindy's office in the home deduction based on: a. The Regular Method? b. The Simplified Method? Text Predictions: On $2,400 4,000 2,200 450 Accessibility: InvestigateSherry and Jonnie Allocate 2/3 of the profits and losses to Sherry and 1/3 to Jonnie. If the Net Income of the firm is $30,000, calculate the share of Jonnie's Net Income A $ 10,000.00 B $ 20,000.00 C $ 25,000.00 D $ 30,000.00
- H1. profile-image Carlos owns a property which he has rented. During 2021, the property generated $24,000 in rental income. Carlos incurred the following expenses related to rental operations: • Depreciation $5,000 • Real estate tax 2,000 Utilities (water and electricity) Maintenance 3,000 • Boat expenses which Carlos uses to 1,500 meet clients and sign contracts 5,500 Determine the net income from rental operations that Carlos will include in his individual income tax return. Submit your computations.Jeremy has a monthly income of $2,000. His payment-to- income ratio is 1/4 or 25%. How much is his monthly payment? $500 $1,000 $8,000 $250General Accounting
- Kk.93.Wanted cost account answerCathi needs to cover $4,500 per m to generate per month in order tha O $4,500 O $6,924 O $6,075 O $1,575 O $12,858 personal living expenses with the profits from her business Approximately how much profit does Cathe's business need "take home" the $4,500 per month she needs to cover her personal expenses if Cathi's estimated tax rate is 35%?