XYZ Corporation leased out its commercial space to ABC. Per agreement, ABC shall pay a monthly rental of P150,000 payable every 1s day of the month. Upon signing of the agreement, ABC shall deposit an equivalent of 3-month rental to XYZ to settle any unpaid obligations of the lessee upon termination of the lease. In addition, ABC shall also deposit an advance 2-month rental to be applied after the 1* month. The parties signed the aareement on May 1, 2021.

XYZ Corporation leased out its commercial space to ABC. Per agreement, ABC shall pay a monthly rental of P150,000 payable every 1s day of the month. Upon signing of the agreement, ABC shall deposit an equivalent of 3-month rental to XYZ to settle any unpaid obligations of the lessee upon termination of the lease. In addition, ABC shall also deposit an advance 2-month rental to be applied after the 1* month. The parties signed the aareement on May 1, 2021.

Name: a. P150,000 b. P450,000 c. P900,000 d. Answer not given XYZ Corporatio
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Description: a. P150,000 b. P450,000 c. P900,000 d. Answer not given XYZ Corporation leased out its commercial space to ABC. Per agreement, ABC shallpay a monthly rental of P150,000 payable every 1* day of the month. Upon signingof the agreement, ABC shall deposi

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

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

Topic Video

Question

a. P150,000

b. P450,000

c. P900,000

d. Answer not given

XYZ Corporation leased out its commercial space to ABC. Per agreement, ABC shall
pay a monthly rental of P150,000 payable every 1* day of the month. Upon signing
of the agreement, ABC shall deposit an equivalent of 3-month rental to XYZ to settle
any unpaid obligations of the lessee upon termination of the lease. In addition, ABC
shall also deposit an advance 2-month rental to be applied after the 1st month. The
parties signed the agreement on May 1, 2021.
Compute the gross income of XYZ upon signing of the agreement:

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D Open recovered wor x✓ fx 0 A B C D E F OMEGA PROJECT CASH FLOW INFORMATION Year Inflow Outflow = Newflow 0 1 2 3 G -$225,000 -$190,000 $150,000 $190,000 $215,000 $175,000 $197,000 $70,000 $582,000 $225,000 0 $190,000 $150,000 0 $220,000 $30,000 4 $215,000 0 5 $205,000 $30,000 6 $197,000 0 7 $100,000 $30,000 Total $1,087,000 $505,000 Required ROI 18% Project Omega NPV (Year 0) Project Omega Total NPV Which of the two projects would you fund and why? ▶ 3T Company Data + Ready have on project selection? (Reference Section 2.4, pg 38-39) 19 MAY 910 30 H NPV I K L M N O ALPHA PROJECT CASH FLOW INFORMATION Year Inflow Outflow = 0 1 $50,000 2 $150,000 3 $250,000 4 $250,000 5 $200,000 6 $180,000 7 $120,000 Total $ 1,200,000 Required ROI Project Alpha NPV (Year 1). Project Alpha NPV 1 tv $300,000 $100,000 0 $50,000 0 $50,000 0 $30,000 $530,000 18% d P Newflow -$300,005 -$50,000 $150,000 $200,000 $250,000 $150,000 $180,000 $90,000 $670,000 A Q NPV
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QUESTION 10 The following information is given to you: Gross Fixed Assets Net Fixed Assets Depreciation Expense Net Fixed Assets in 2022 was $ 600 800 400 200 Not enough information to answer. 2021 1,000 800 ??? 2022 1,000 ??? 200
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