M-a-k-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -o-f- -a-l-l- -t-h-e- -t-o-p-i-c- -m-e-n-t-i-o-n-s- -b-e-l-o-w-,- -i-t- -s-h-o-u-l-d- -b-e- -u-p-d-a-t-e-d- -w-i-t-h- -T-R-A-I-N- -L-A-W- -A-N-D- -C-R-E-A-T-E- -L-A-W- -a-m-e-n-d-e-d-.- -N-o-t-e-:- -t--h-i-s- -i-s- -b-a-s-e- -o-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -T-a-x-a-t-i-o-n- I-N-C-O-M-E- -T-A-X- -O-F- -C-O-R-P-O-R-A-T-I-O-N-S:C-o-n-c-e-p-t- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s-C-l-a-s-s-i-f-i-c-a-t-i-o-n- -o-f- -C-o-r-p-o-r-a-t-e- -T-a-x-p-a-y-e-r-s-D-o-m-e-s-t-i-c- -c-o-r-p-o-r-a-t-i-o-n-F-o-r-e-i-g-n- -c-o-r-p-o-r-a-t-i-o-n-s-T-a-x---E-x-e-m-p-t- -C-o-r-p-o-r-a-t-i-o-n-sI-n-c-o-m-e- -T-a-x-e-s- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s-T-h-e- -N-o-r-m-a-l- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x-M-i-n-i-m-u-m- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x- -(-M-C-I-T-)-C-a-p-i-t-a-l- -G-a-i-n-s- -T-a-x-P-a-s-s-i-v-e- -I-n-c-o-m-e- -T-a-x-S-p-e-c-i-a-l- -C-o-r-p-o-r-a-t-i-o-n-s-

The Tax Reform for Acceleration and Inclusion Law, officially designated as Republic Act No.…

Answered: M-a-k-e- -a-…

Business

Accounting

M-a-k-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g-

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.18E

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Question

M-a-k-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -o-f- -a-l-l- -t-h-e- -t-o-p-i-c- -m-e-n-t-i-o-n-s- -b-e-l-o-w-,- -i-t- -s-h-o-u-l-d- -b-e- -u-p-d-a-t-e-d- -w-i-t-h- -T-R-A-I-N- -L-A-W- -A-N-D- -C-R-E-A-T-E- -L-A-W- -a-m-e-n-d-e-d-.- -N-o-t-e-:- -t--h-i-s- -i-s- -b-a-s-e- -o-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -T-a-x-a-t-i-o-n-

I-N-C-O-M-E- -T-A-X- -O-F- -C-O-R-P-O-R-A-T-I-O-N-S:

C-o-n-c-e-p-t- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s-

C-l-a-s-s-i-f-i-c-a-t-i-o-n- -o-f- -C-o-r-p-o-r-a-t-e- -T-a-x-p-a-y-e-r-s-

D-o-m-e-s-t-i-c- -c-o-r-p-o-r-a-t-i-o-n-
F-o-r-e-i-g-n- -c-o-r-p-o-r-a-t-i-o-n-s-

T-a-x---E-x-e-m-p-t- -C-o-r-p-o-r-a-t-i-o-n-s

I-n-c-o-m-e- -T-a-x-e-s- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s-

T-h-e- -N-o-r-m-a-l- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x-

M-i-n-i-m-u-m- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x- -(-M-C-I-T-)-

C-a-p-i-t-a-l- -G-a-i-n-s- -T-a-x-

P-a-s-s-i-v-e- -I-n-c-o-m-e- -T-a-x-

S-p-e-c-i-a-l- -C-o-r-p-o-r-a-t-i-o-n-s-

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W-h-a-t- -r-e-l-a-t-i-o-n-s-h-i-p- -b-e-t-w-e-e-n- -t-h-e- -r-e-q-u-i-r-e-d- -r-e-t-u-r-n- -a-n-d-- t-h-e- -c-o-u-p-o-n- -i-n-t-e-r-e-s-t-- r-a-t-e- -w-i-l-l- -c-a-u-s-e- -a- -b-o-n-d- -t-o- -s-e-l-l- -a-t- -a- -d-i-s-c-o-u-n-t-?- -A-t- --a -p-r-e-m-i-u-m-?- -A-t-- i--t-s -p-a-r- -v-a-l-u-e-? I-f- -t-h-e- -r-e-q-u-i-r-e-d- -r-e-t-u-r-n- -o-n- -a- -b-o-n-d- -d-i-f-f-e-r-s- -f-r-o-m- -i-t-s- -c-o-u-p-o-n- -i-n-t-e-r-e-s-t- -r-a-t-e-,- -d-e-s-c-r-i-b-e- -t-h-e- -b-e-h-a-v-i-o-r- -o-f- -t-h-e- -b-o-n-d- -v-a-l-u-e- -o-v-e-r- -t-i-m-e- -a-s- -t-h-e- -b-o-n-d- -m-o-v-e-s- -t-o-w-a-r-d- -m-a-t-u-r-i-t-y-. A-s- -a- -r-i-s-k-a-v-e-r-s-e- -i-n-v-e-s-t-o-r, -w-o-u-l-d- -y-o-u- -p-re-f-e-r- -b-o-n-d--s -w-i-t-h- -s-h-o-r-t- -o-r- -l-o-n-g- -p-e-r-i-o-d-s-u-n-t-i-l- -m-a-t-u-r-i-t-y-?- -W-h-y-?
U-s-e- -E-x-h-i-b-i-t- -W-o-r-k-s-h-e-e-t- 6.1. A-n-a-l-y-n- -R-a-m-o-s- -i-s- -e-v-a-l-u-a-t-i-n-g- -h-e-r- -d-e-b-t- -s-a-f-e-t-y- -r-a-t-i-o-.- -H-e-r- -m-o-n-t-h-l-y- -t-a-k-e---h-o-m-e- -p-a-y- -i-s- - ₱166,000.00. E-a-c-h- -m-o-n-t-h-,- -s-h-e- -p-a-y-s- - ₱19,000.00 f-o-r- -a-n- -a-u-t-o- -l-o-a-n-, ₱6,000.00 -o-n- -a- -p-e-r-s-o-n-a-l- -l-i-n-e- -o-f- -c-r-e-d-i--t,-- ₱3,000.00 -o-n -a- -d-e-p-a-r-t-m-e-n-t- -s-t-o-r-e- -c-h-a-r-g-e- -c-a-r-d-,- -a-n-d- ₱4,250.00 -o-n- -h-e-r- --b-a-n-k- -c-r-e--d-i-t- -c-a-r-d-. C-o-m-p-l-e-t-e- -t-h-e- -w-o-r-k-s-h-e-e-t- -b-y- -l-i-s-t-i-n-g- -A-n-a-l-y-n-’-s- -o-u-t-s-t-a-n-d-i-n-g- -d-e-b-t-s-,- -a-n-d- -t-h-e-n- -c-a-l-c-u-l-a-t-e- -h-e-r- -d-e-b-t- -s-a-f-e-t-y- -r-a-t-i-o-.- -G-i-v-e-n- -h-e-r- -c-u-r-r--e-n-t- -t-a-k-e---h-o-m--e -p-a-y-,- -w-h-a-t- -i-s- -t-h-e-- -m-a-x-i-m-u-m- -a-m-o--un-t- -o-f- -m-o-n-t-h-l-y- -d-e-b-t- -p-a-y-m-e-n-t-s- -t-h-a-t- -A-n-a-l-y-n- -c-a-n-- h-a-v-e- -i-f- --s-h-e- -w-a-n-t-s- -h-e-r- -d-e-b-t-…
R-e-a-d- -a-l-l- -t-h-e- -i-n-f-o-r-m-a-t-i-o-n- -b-e-l-o-w- -a-n-d- -p-l-e-a-s-e- -h-e-l-p- -m-e- -m-a-k-e- -a- -s-c-i-p-t- -o-f- -h-o-w- -I- -g-o-n-n-a- -p-r-e-s-e-n-t- -i-t-.- -J-u-s-t- -u-s-e- -s-i-m-p-l-e- -e-n-g-l-i-s-h- -w-o-r-d-s-.- -I- -j-u-s-t- -n-e-e-d- -t-o- -p-r-o-p-e-r-l-y- -e-x-p-l-a-i-n-e-d- -i-t-. I-t- -a-n-s-w-e-r- -t-h-e- -q-u-e-s-t-i-o-n- -o-f- -W-h-e-r-e- -d-o- -y-o-u- -p-i-c-t-u-r-e- -t-h-e- -c-o-m-p-a-n-y- -i-n- -t-h-r-e-e- -y-e-a-r-s-,- -a-s-s-u-m-i-n-g- -t-h-e- -c-u-r-r-e-n-t- -t-r-a-j-e-c-t-o-r-y- -c-o-n-t-i-n-u-e-s-?- A-s-s-e-t-s-: Have continuously increased throughout the years, demonstrating the growth of its businesses and the solidity of its balance sheet. In 2020, the assets were at 100%. In 2021, the assets increased to 108.45% of the base. In 2022, the assets further increased to 135.05% of the base. T-h-i-s- -i-n-d-i-c-a-t-e-s- -a-n- -i-n-c-r-e-a-s-i-n-g- -t-r-e-n-d- -i-n- -t-h-e- -a-s-s-e-t-s- -o-f- -M-e-t-r-o- -B-a-n-k- -o-v-e-r- -t-h-e-…