Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

For the year 2021, total sales of Illumi Corporation totalled Php 160,160. If the total sales increased by 12% from year 2020, what was the

For the year 2021, total sales of Illumi Corporation totalled Php 160,160. If the total sales increased by 12% from year 2020, what was the total sales for 2020?

A. Php 143,000

B. Php 179,379

C. Php 140,941

D. None of the choices

Please provide a comprehensive explanation for your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Environmental Accounting Issues Concepts And Practice

Authors: Stefan Schaltegger, Roger Burritt

1st Edition

1874719349, 9781874719342

More Books

Students also viewed these Accounting questions

Question

★★★★★

You have been asked to review the December 31, 2011, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior: 1. An...

Answered: 1 week ago

Question

★★★★★

44. Why is the management of user profiles an important aspect of a security policy?

Answered: 1 week ago

Question

★★★★★

Describe the differences among financial counseling, financial coaching, financial therapy, financial planning, and life planning.

Answered: 1 week ago

Question

★★★★★

Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying the agency of appropriations of $2,400,000. 2. OMB apportions one-fourth of the appropriation for...

Answered: 1 week ago

Question

★★★★★

Northwood Company manufactures basketballs. The company has a ball that sells for $36. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus,...

Answered: 1 week ago

Question

★★★★★

What is the probability of 1.9 X 1.9? We assume that X ~ N(0,1) and Y ~ N(0,1)

Answered: 1 week ago

Question

★★★★★

* Question Completion Status: Moving to the next question prevents changes to this answer. Question 14 Question 14 of 60 2 points Save Ansver TG Mining has 100 000 shares outstanding and just...

Answered: 1 week ago

Question

★★★★★

+ QUESTION 2: A. From the below information Calculate Working Capital. Debtors $ 55,000 Inventories $ 15,000 Accounts Payable $ 12,000 Cash $ 4,000 Accounts Receivable $ 8,000 Creditors $ 16,500...

Answered: 1 week ago

Question

★★★★★

How to convert a one-dimensional array to a two-dimensional array in C#

Answered: 1 week ago

Question

★★★★★

strategy is about competitiveness so: How to better than others? Why the company want to be good as somebody else? Give example. Me as a customer: What is important to me when buying something new.....

Answered: 1 week ago

Question

★★★★★

Financial Strategy and Corporate Objectives, Financial Management Environment, Working Capital Management Notes in answering problems: 1. Do not round off anytime during the computation. 2. Use 360...

Answered: 1 week ago

Question

★★★★★

3. How can we use information and communication to generate trust?

Answered: 1 week ago

Question

★★★★★

4. How can we use information and communication to influence other people?

Answered: 1 week ago

Question

★★★★★

2. Why do we have more confidence in what one person tells us than in what another person tells us?

Answered: 1 week ago

Previous Question Next Question