Julius provided consulting services amounting to P420, 000. His total expenses were 25%. His net income is: A. P105,000 B. P300,000 C. P315,000 D. P120,000
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Julius provided consulting services amounting to P420, 000. His total expenses were 25%. His net income is: A. P105,000 B. P300,000 C. P315,000 D. P120,000
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- 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 thisThe Aninem family has total assets of Php460,000 and total liabilities of Php186,000. Included in their total assets are monetary assets of Php47,000 and investment assets of Php253,000. What is the Aninem' investment assets-to-total assets ratio?Note: The Answer Should be 55%???
- Please give me answer general accounting questionLong has a 70% interest in Short. Their statements of income for the year ended 31 March 20x8 are reported as follows: Long Short £ £ Revenue 361,300 162,500 Cost of sales 240, 000 95, 600 During the year Long has sold goods to Short invoiced at £45,000 which was cost plus 20%. By the year end, Short had sold one quarter of those goods. What is the group gross profit to be reported in the consolidated statement of comprehensive income? Question 5 Answer a . £182,575 b. £185, 075 c. £182, 075 d. £180,075You have calculated the adjusted profit for the company to be $2,000,000. Capital allowance was $20,0000 . The tax rate is 25%. Estimated tax paid during the year is $750,000. Employment Tax Credit available (which is non-refundable) is $700,000. The tax refundable for this company is. Question 5Answer a. $1,100,000 b. $500,000 c. $200,000 d. $750,000
- Angel’s Pizza Ltd. Has existing assets in which it has a capital investment of P 150,000. The after tax operating income is 20,000 and company has a cost of capital of 12%. What is the estimated Economic Value Added (EVA) of the firm a. 147,600 b. 2,000 c. 18,000 d. 2,400What is the net income of the firm ?The times interest earned ratio of Mikoto Company is 4.5 times. The interest expense for the year was P20,000, and the company’s tax rate is 40%. The company’s net income is: A. P22,000 B. P42,000 C. P54,000 D. P66,000
- The Distance Plus Partneship has the following capital balances at the beginning of the current year: Tiger (50% of profit loses) 135,000 Phil (20%) 105,000 Ernie (30%) 120,000 A. If Sergio invest 150,000 in cash in the business for a 20 percent interest,what Journal ENtry is recorded. Assume that the bonus method is used. B. If Sergio invest $80,000 in the business for a 20percent, what journal entry is recorded? Assume that the bonus method is used. C. If Sergio invest $100,000 in cash in the business for a 20percent,what journal entry is recorded? Assume that the goodwill is used.What is Kennedy investment advisors net income?I want to correct answer general accounting question
