s. Saranghe, a Japanese engineer residing in Seoul Korea, was contracted by onstruction Philippine Corp. to assemble in the Philippines an equipment it bought in apan. She stared the work in the Japan and spent 10 days there. The assembling job w ompleted in the Philippines for another 20 days. She was paid P300,000 for her job. low much was the income from the Philippine source?

s. Saranghe, a Japanese engineer residing in Seoul Korea, was contracted by onstruction Philippine Corp. to assemble in the Philippines an equipment it bought in apan. She stared the work in the Japan and spent 10 days there. The assembling job w ompleted in the Philippines for another 20 days. She was paid P300,000 for her job. low much was the income from the Philippine source?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per Car Washed se.80 $0.15 $0.20 $0.30 per Month Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Adninistrative expenses $1,200 $5,000 $6,000 $8,000 $4, 000 Book s0. 10 Print For example, electricity costs are $1,200 per month plus $015 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. The company actually washed 8,800 cars in August. Required: Calculate the company's activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) erences Lavage Rapide Activity Variances For the Month Ended August 31 Revenue Expenses: Cleaning supplies Electricity Maintenance…
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