Swer 17. Mike is eaning a fixed salary of P22,000.00 every two weeks. He also has 3 small apartments that he leases for P10,000.00 each monthly. Lastly, he USually earns P15,000.00 amount from his investments in stock market. What is his gross income ina month? Show computations.

Swer 17. Mike is eaning a fixed salary of P22,000.00 every two weeks. He also has 3 small apartments that he leases for P10,000.00 each monthly. Lastly, he USually earns P15,000.00 amount from his investments in stock market. What is his gross income ina month? Show computations.

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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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Number 1 only

Answer all the following quU
17. Mike is eaming a fixed salary of P22,000.00 every two weeks. He also has 3
small apartments that he leases for P10,000.00 each monthly. Lastly, he
USually earns P15,000.00 amount from his investments in stock market.
What is his gross income in a month? Show computations.
18. Jennifer owns a small business that has weekly sales of P55,000.00 every
week. The cost of goods sold is P60,000.00 every month. Other expenses
are rent P13,000.00, utilities P4,000.00, payroll P26,000.00, and
miscellaneous expense P2,000.00.
ompute for Gross Income

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