Which of the following is not a function of Bureau of Customs?

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A: (Assuming  marginal tax rate on non dividend income for both corporation A and D= 21% i.e 0.21) a)…

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A: Interpretation of data given: Standard Quantity=2.5*15000*3.75=1,40,625 Standard…

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A: Definition of performance evaluation Performance evaluation is as a formal and productive procedure…

Q: 7 On January 1, P2,500,000 for life of 5 years expected that would total PE

A: Amortization refers to writing off of an intangible asset over a specific time period.

Q: Tennessee Corporation is analyzing a capital expenditure that will involve a cash outlay of…

A: Capital Budgeting: Capital budgeting is a technique which enables an entity to know the…

Q: Example (4): Find the value of sales from the following informatio 1- Ordinary shares 600 dinars 2-…

A: Turnover ratio=SalesTotal Assets

Q: Ten $9,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold eight years…

A: Lets understand the basics. When bond is issued for more than the face value of bond then it is…

Q: The following information has been extracted from the records of Marie Company about one of its…

A: Inventory is one of the important current asset of the business. Inventory means goods left out at…

Q: Preparing Common-Size Income Statements by Using BasePeriod Horizontal AnalysisRefer to the…

A: A common size income statement would be one wherein each line item is stated as a % of the revenue…

Q: IFRS11-1 On May 10, Romano Corporation issues 1,000 shares of $10 par value ordinary shares for cash…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

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A: A capital expenditure budget is a written plan that details the costs and timing of a company's…

Q: con to view the manulaciuning coSt irements 1. Given the same cost structure, should WorldSystems…

A: The answer is stated below:

Q: A large decrease in end of year grain inventory from one year to the next mistakenly left off of the…

A: Effect of decrease in Closing inventory on net income: Both the income statement and the balance…

Q: Rodgers Company gathered the following reconciling information in preparing its May bank…

A: A bank reconciliation statement is prepared by the management at a particular time period. It helps…

Q: How does the Single Audit Act work?

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: Which is true about using a note with stated interest rate vs. a note without stated interest rate…

A:

Q: Accounts Debit Credit (OMR) (OMR) Cash 120,000 Capital n00,000 Prepaid insurance 5600 Salary expense…

A: Lets understand the basics. Income statement is prepared by the business to know the net result of…

Q: Calculate the gross earnings of Mr Ahmed under Halsey and Rowan plan.

A:

Q: The company, North S.L., has the following information in the Balance Sheet and Profit and Loss…

A: Note: “As the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the…

Q: The Lucky Ole Sun manufactures dried grapes. The following data are available for the year 2020…

A: In this question, we will find out the value of closing inventory for The Lucky ole Sun using the…

Q: Which of the following should be included as part of outstanding checks in preparing bank…

A: An outstanding check is something that has been issued but has not been cashed-deposited by the bank…

Q: Your Papa gave you' an allowance of P10, good for one week. By the end of the week, you have P2…

A: Answer  for 10 is T True Your Papa gave you' an allowance of P10, good for one week. Bythe end of…

Q: Jenkins Corporation had $675,000 of taxable income for 2018 and $575,000 for 2019. What is the…

A: Tax is the mandatory contribution by the taxpayer to the government. The tax is paid as a percentage…

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A: According to the definition of Property Tax Money, it is the amount of revenue earned by the…

Q: Required c. Calculate the ROI for Bowman. d. Franklin has a desired ROI of 13 percent. Headquarters…

A: In accounting, a ratio is used to determine the company's profitability from their business and help…

Q: ILLUSTRATION 2: N Stock of Finished Goods January 1st 12,660 December 31st 17,845 Stock of Raw…

A: The trading and P&L Account is a part of the final account that determines the gross and net…

Q: Lone Star Company received a 90-day, 6% note for $80,000, dated March 12 from a customer on account.…

A: A journal entry is used to record any business transaction in the accounting records of a…

Q: 1. How is the flexible budget used within the variance analysis system to evaluate effectiveness and…

A: 1) Flexible budget refers to a budget that flexes with change in volume or change in activity. It is…

Q: How are profits and losses allocated to LLC members?

A: The IRS does not recognize the LLC as a business entity type. The agency requires LLC owners, known…

Q: The following data are for the year ended December 31, 2021: Beginning Inventory 170,000 units…

A: 1) Total number of units produced during the year  =(Ending inventory + Selling units -beginning…

Q: Purchased merchandise from Jones Company on credit for $4,330. Credit terms were 2/10, n/30. 3 Paid…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Judy Company uses the retail inventory method to approximate its ending inventory. The following…

A: It is one of the inventory valuation method to determine the value of inventory at store. This…

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A: Introduction:- Variable costing varies in respective of units production Which is used for making…

Q: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, the income…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: QUESTION 1 *COGS $390,000 •GM 60% %3D •Store size: 20 ft x 25 ft. •2,500 transactions •5,000 units…

A: The question is related to Marginal Costing and Cost Volume Profit Analysis.

Q: laxpayer has the following data • Wages $250,000 • Dividends $50,000 • Investrment Interest $5,000 •…

A: Individuals, estates, and trust with income over the legal threshold amounts are liable to the…

Q: Gojo Company's break- even sales are P528,000. The variable cost ratio is 60% while the profit ratio…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: SCHEDULE OF EXPANDED WITHHOLDING TAX (EWT) Income Payment EWT Income Payment EWT…

A: Expanded Withhold Taxes According of Bureau of Internal Revenue (BIR) which provides the guidelines…

Q: On December 31, 2020, Phil purchased $20,000 of newly issued bonds of Texas Corporation for $16,568.…

A: Please see Step 2 for required information.

Q: $12,000 $10,500 Accounts payable. $3,900 Equipment.. Salarles expense Accounts recelvable. V.…

A: Formula: Net income = Total revenues - Total expenses

Q: ISD loan. pac quote

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Q: The Boxwood Company sells blankets for $60 each. The following was taken from the inventory records…

A: In case of LIFO method latest goods will be sold first.

Q: Backyard World buys plastic pools from a supplier with an invoice amount of $13,500. The terms of…

A: Introduction:- Backyard World buys plastic pools from a supplier Total Invoice amount of $13,500…

Q: How is total cost of goods sold and the total amount billed to customers calculated?

A: A job cost sheet is a sheet which is used to record the manufacturing costs .

Q: entxies JOUnal Green Company sells goods to Thumb Inc. on account on January 1, 2017.The goods have…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: wing information applies to the questions displayed below.] rporated her sole proprietorship by…

A: Sole proprietorship is a form a business ownership in which a single individual carries out business…

Q: Year 1 Sales $161,120 Cost of Goods Sold 105,035 SG&A 42.957 Depreciation 6,687 Operating Income…

A: Debt would be defined as the sum owing for borrowed cash. The lender accepts to lend cash to the…

Q: December 31 2021 2020 Assets Current assets: Cash Accounts receivable $ 273,440 85,400 105,000…

A: The cash flow statement records the cash transactions incurred during period classified as operating…

Q: In the financial year to June 30, 2021, HIFI Ltd issued options for 400,000 shares. During that…

A: Earnings per share are the amount of net income that is held in hands of each shareholder of the…

Q: Maryann filed her Income Tax Return for taxable year 2021 on May 2, 2022. After an investigation, it…

A: Income tax return refers to the statement filed with the government that reflects the income,…