WebSelling costs are 10 percent of sales price. Administrative costs are $420,000 per year. During 2016, the company bought 1,000 acres of land for s5,000,000 and divided it into 200 sites of equal size. The average selling price per site was $85,000 during 2016 when 50 sites were sold. WebDuring the year. Storm Company purchased a new machine. A P120.000 down payment was made and three-montth installments of P360000. The cash price would have been 531,100,000. The entity paid no installation charges ... Show more... Show more Image transcription text Cherish Company had the following transactions: 1. Exchanged a …
Solved A company purchased a new delivery van at a cost of
WebJun 1, 2024 · During the year, Kit Inc. transfers cash and merchandise to the branch worth P15,000 and P45,000 respectively. Freight was paid by the home office worth P1,500 included in the cost of merchandise. The home office also incurred P5,700 expenses of which 30 percent was allocated to the branch. Webb. property, plant, and equipment items are always acquired at their original historical cost. c. historical cost involves actual transactions and, as such, is the most reliable basis. d. gains and losses should not be anticipated but should be recognized when the asset is sold. mexico to hawaii flight time
Two-year storm Definition Law Insider
WebSept. 30, 1896 - A small crowd gathered in one of the barracks rooms and discussed the advisability of organizing a football association and to devise some means of getting a coach. The organization, known as the Clemson College Football Association, was perfected and the following officers elected: President Frank Tompkins, Secretary & … WebDuring the year, Storm Company purchased a new machine. A P120,000 down payment was made and three monthly installments of P360,000. The cash price would have been P1,160,000. The entity paid no installation charges under the monthly payment plan but … WebThe cost of goods sold for the year 2024 is: $631,530 Dells Company uses the periodic inventory system. Sales for 2024 were $1,410,000 while operating expenses were $525,000. Beginning and ending inventories for 2024 were $210,000 and $180,000, respectively. mexico torwart