Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is?
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Acquired Cost of MachineryThe acquired cost of machinery refers to the total…
Q: financial accounting fi
A: Step 1: Definition of Asset TurnoverIn accounting, asset turnover is the ratio of a firm's total…
Q: financial accounting an
A: Step 1: Definition of Balance SheetA balance sheet is one of the financial statements in a business.…
Q: Price earnings ratio? General
A: Understanding Price/Earnings Ratio (P/E)The price/earnings ratio (P/E) is a valuation metric that…
Q: What is the opereting cash flow. Provide answer please
A: To calculate the Operating Cash Flow (OCF), we use the formula:OCF=EBIT+ Depreciation −TaxesStep 1:…
Q: What is the unit product cost
A: Detailed explanation: Unit Product Cost using Variable Costing Method Includes the following cost…
Q: Want answer
A: To determine the firm's net income, we start with the Return on Equity (ROE) formula, which states…
Q: General accounting
A: Step 1: Define High-Low MethodThe high-low method determines the variable cost per unit (which…
Q: Provide correct answer general Accounting question
A: Step 1: DefinitionContribution Margin (CM) is the amount remaining from sales revenue after…
Q: Need help with this accounting questions
A: Step 1: Definition of Break-Even Point and Operating LossBreak-Even Point is the level of sales at…
Q: General accounting
A: Step 1: Define Manufacturing overheadManufacturing overhead comprises all costs caused within the…
Q: Don't use ai given answer accounting questions
A: Step 1:Break even is the point at which cost and income are equal and there is neither profit nor…
Q: None
A: To determine how much of Tom and Judy's Social Security benefits are included in their gross income,…
Q: General Accounting
A: Step 1:The only difference between variable and absorption costing is the treatment of fixed…
Q: Hii ticher please provide correct answer general Accounting
A: Step 1: Define Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a financial metric…
Q: Find the per share
A:
Q: choose best answer financial accounting
A: Given Information:Discount: 1%=0.011\% = 0.011%=0.01Discount period: 15 daysNet period: 45…
Q: General accounting
A: Step 1:A. The degree of operating leverage is calculated by dividing the percentage change in EBIT…
Q: General Accounting
A: Detailed explanation:Acquisition cost of the computer system: List price$ 120,000Installation cost…
Q: During the year
A: Step 1: Salary Expenses can be calculated by adding Salaries paid and Ending Salaries payable and…
Q: Provide correct answer general accounting
A: Step 1: Net present value (NPV) for the investment can be calculated by subtracting the Initial…
Q: FOr the love of god please help.
A: Given:Total income since incorporation = $286,000Total cash dividends paid = $58,000Total value of…
Q: what is Archware's' net income?
A: Given:Net Profit Margin = 0.16Net Sales = $22.390 billionNet Income=0.16×22.390=3.5824 billion…
Q: ?!
A: The question requires the determination of the net income. Net income (NI), or net earnings, is a…
Q: financial accounting answer me.
A: Step 1:The standard direct material cost of the jewelry box is the sum of the cost of board used in…
Q: hi expert please help me financial accounting
A: Step 1: Definition of Times Interest Earned (TIE) RatioThe Times Interest Earned (TIE) ratio…
Q: Net income general
A: Step 1: Definition of Net IncomeNet Income is the amount of earnings remaining after deducting all…
Q: General accounting question
A: Step 1:(a) The standard cost per unit is calculated as follows: Standard cost per unit = Total…
Q: help me to solve this questions
A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…
Q: Get correct answer this general accounting question not use ai
A: Step 1: Definition of Production Cost per Unit under Absorption CostingProduction Cost per Unit…
Q: provide correct answer
A: Step 1: Definition of Total Product CostThe Total Product Cost includes all costs related to…
Q: MCQ
A: Key Concepts:1. Net Operating Profit Margin (NOPM) * Measures operating efficiency * Shows what…
Q: Financial Accounting
A: Step 1: Information givenP/E Ratio of Everett Industries = 15.3EPS of Stanton Corp. = $3.42Step 2:…
Q: What is the ending inventory? ?
A: Step 1: Define Ending Inventory in a Perpetual Inventory SystemIn a perpetual inventory system,…
Q: What is the level of its accounts receivable for this financial accounting question?
A: Step 1: Define Accounts Receivable Using Days Sales Outstanding (DSO)Days Sales Outstanding (DSO)…
Q: Provide correct answer general accounting
A: Step 1:FIFO:-Fifo is the method of valuation of inventory in which inventory purchased first will be…
Q: Return on assets general accounting
A: Step 1: Define Return On AssetsReturn on assets (ROA) indicates how much income is generated on a…
Q: hi expert please help me
A: The question the determination of the times interest earned ratio. The times interest earned (TIE)…
Q: General accounting
A: Step 1: Define Variable Cost RatioIt is the total variable cost borne by a company expressed as a…
Q: Please find the correct answer
A: Step 1: Definition of High-Low MethodThe High-Low Method is a technique used to separate fixed and…
Q: What would the companys predetermined overhead rate be?
A: Explanation of Pre-determined Overhead Rate:The pre-determined overhead rate is a calculated rate…
Q: Taxable income? Provide answer
A: Step 1: Definition of Taxable IncomeTaxable Income is the amount of earnings on which tax is…
Q: choose best answer
A: Step 1: Definition of Preference StockA preference stock is one form of security issued to the…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Operating IncomeOperating income is the profit a business earns from its core…
Q: Given answer
A: Step 1: Definition of the High-Low MethodThe high-low method is a cost estimation technique used to…
Q: Hello teacher please give me solution
A: Step 1: Identify the formula for Debt-to-Equity Ratio Step 2: Extract the relevant financial data…
Q: QS 15-18 (Algo) Computing and recording over- or underapplied overhead LO P4 A company applies…
A: The first step is to calculate the applied overhead. The applied overhead is the amount of overhead…
Q: net income for the yer
A: Step 1:First, calculate the change in net assets, i.e., stockholders' equity: Change in net assets…
Q: correct answer is
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: Provide correct answer general accounting question
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's…
???
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. P320,000Need answer..Tamara works for FunCorp. She makes $65,000 per year in salary. How much does she pay in FICA taxes for the year? $4,030.00 O $4,972.50 O $8,060.00 O $9,945.00
- Shelby has net investment income of $ 15,035 and wage income of $65,000 . She paid investment interest expensive of $15,350. What is Shelby's deduction for investment interest expense?Last 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.562.080Sonia, an executive of Ang Probinsyano Promotions, earned in 2018 P1,200,000 compensation income, inclusive of 13th month pay and other benefits amounting to P190,000. Aside from her employment, she owns a farm, with gross sales of P3,000,000. His cost of sales and operating expenses are P900,000 and P450,500 respectively, and with non-operating income of P200,000. Compute for the Taxable Income in her employment. Compute for the Taxable Income in her business. Compute for the Total Income Tax Payable/ Tax Due: Compute for the Total Income Tax Payable/ Tax Due if she signify her intention to be taxed at 8% Optional Gross Receipts Tax.
- Betty is a manager at a Big 4 accounting firm. She earns $120,000 per year. How much is her low income rebate? a. $1,200 b. $600 c. Nil d. $445Jazmin earned $44,660 this year. Calculate her total FICA contribution for the year. How much did her employer pay toward FICA? Jazmin's total FICA contribution for the year is $ (Round to the nearest cent.) ...Sarah earned $3000.00 in insurable earnings this pay. Her current year to date El deductions are $1025.05. What is her El deduction for this pay? She is paid weekly
- A man earned $23,000 from wages. Let FICA tax rates be 7.65% on the first $127,200 of income from wages, and 1.45% on any income from wages in excess of $127,200. His FICA tax is $__In 2020, Ms. Montibon owns a grocery store with gross receipts of P1,375,000. Her cost of sales and operating expenses are P600,000 and P400,000, respectively, and with non-operating income of P100,000.1. What business tax is due to her?2. How much is the income tax due to her?3. How much tax due if she availed the OSD?Nellie has paid $3358.46 in CPP this year. She makes $2800.00 per pay and is paid bi-weekly How much will she have to pay in CPP contributions this pay? O $141.34- O $107.99 $69.97 O $78.56