Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help tutor Please Regarding your review of the Alcala Manufacturing Company, you evaluated its stock as of December 31, 2006 and tracked down the accompanying

Help tutor Please

Regarding your review of the Alcala Manufacturing Company, you evaluated its stock as

of December 31, 2006 and tracked down the accompanying things:

(a) A pressing case containing an item costing P100,000 was remaining in the transportation room when

the actual stock was taken. It was excluded from the stock since it was checked

"Hold for delivery guidelines." The client's structure was dated December 18, yet the case

was delivered and the costumer charged on January 10, 2007.

(b) Merchandise costing P600,000 was gotten on December 28, 2006, and the receipt was

recorded. The receipt was in the possession of the buying specialist; it was set apart "On

transfer".

(c) Merchandise got on January 6, 2007, costing P700,000 was entered in buy register

on January 7. The receipt showed shipment was made FOB delivering point on December 31,

2006. Since it was not available during the stock tally, it was excluded.

(d) An exceptional machine costing P200,000, manufactured to arrange for a specific client, was done

in the delivery room on December 30. The client was charged for P300,000 on that date and

the machine was rejected from stock despite the fact that it was dispatched January 4, 2007.

(e) Merchandise costing P200,000 was gotten on January 6, 2007, and the connected buy

receipt was recorded January 5. The receipt showed the shipment was made on December 29,

2006, FOB objective.

(f) Merchandise costing P150,000 was sold on a portion premise on December 15. The client

claimed the products on that date. The product was remembered for stock in light of the fact that

Alcala actually holds legitimate title. Verifiable experience proposes that full installment on portion deal

is gotten around 99% of the time.

(g) Goods costing P500,000 were sold and followed through on December 20. The products were remembered for

the stock in light of the fact that the deal was joined by a buy arrangement requiring Alcala to

repurchase the stock in February 2007.

Question:

In view of the abovementioned and the consequence of your review, the amount of these things ought to be remembered for the stock equilibrium at December 31, 2006?

1

Vijay was given an advance of 35,000 by his boss on 06/04/2019. Interest is

payable on this advance at 1% per annum.

On 01/06/2019, Vijay reimbursed 5,000 of the advance and on 01/12/2019, Vijay reimbursed

another 15,000 of the advance.

The leftover 15,000 was all the while remarkable at 05/04/2020.

What is the available advantage of the helpful credit utilizing the exacting technique?

2

Change plc gives its representatives different advantages.

The advantages were given:

1) Denzil was given two cell phones.

The phones had each cost 250 when bought by Vary plc in January.

The organization paid for the entirety of Denzil's business and private calls.

2) Emily had her gym participation charge of 710 paid for by Vary plc

3) Frederick went through 5 evenings abroad on business for Vary plc.

The organization paid him an every day remittance of 10 to take care of the expense of individual

costs, for example, calls to his family.

4) Grace was paid 11,000 towards the expense of her evacuation costs when she

forever moved to take up her new work with Vary plc, as she didn't

live inside a sensible driving distance.

The 11,000 covered both her evacuation costs and the lawful expenses of obtaining another principle home.

5) Hillary's three year old girl was furnished with a spot at Vary plc's

work environment nursery.

The all out cost to the organization of giving this nursery place was 10,800 (240 days at 45 each day).

6) June had the utilization of Vary plc's organization rec center which is simply open to representatives of

the organization. The expense to Vary plc of giving this advantage to June was 340.

7) Kristin was given free suppers in Vary plc's staff container.

The absolute expense of these suppers to the organization was 1,460.

The bottle is accessible to the entirety of the organization's representatives.

8) Larry routinely telecommutes two days out of every week, and was paid a stipend

of 192 (48 weeks at 4 each week) to cover the additional light and warmth costs that

were brought about because of this home working.

9) Marge was given a watch esteemed at 750 as an honor for her 20 years of

work at Vary plc.

10) Nile had 440 of her clinical costs paid for by Vary plc.

She had been away from labor for a very long time because of a physical issue, and the

prescribed clinical treatment was to help her re-visitation of work.

# What available advantages will emerge on the representatives?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Accounting Fundamentals

Authors: John J. Wild

8th Edition

1260728609, 9781260728606

More Books

Students also viewed these Accounting questions

Question

6.64 Find zo such that P(z> zo) = 0.5.

Answered: 1 week ago