The McGraw Company manufactures and sells Abriza handbags to assorted prints. Data for 2014 follows: Selling price per piece 8.00 Variable cost per piece 4312.00 Number of handbags to breakeven 25,000 Net post-tax income [35% tax rate} 1115.850 In 2015, the company estimates that the selling price will be 9.50 per piece, variable cost to manufacture will increase by 25%, and xed costs will increase by 20%. Income tax rate of 35% will not change. How many units of handbags does McGraw Company must see in 2015 in order to maintain the same net income after tax as in 2014? King's Landing Corporation has the following sales during the month: Sales: Sale to private entities subject to 12% Sale to private entities subject to 0% Sale of exempt goods Total sales for the month The following input taxes were passed on by its VAT suppliers: Input tax: Input tax on taxable goods Input tax on zero-rated sales Input tax on sale of exempt goods Input tax on depreciable capital goods not attributable to any specic activity [pertains to monthly amortization for 60 months] How much is the creditable input tax for the month? P 50.000 150.000 200 000 4011.000 P5.000 3,000 2.000 20.000 ]on Snow Company had the following results of operations for the taxable year 2015: Gross Income P500,000 Business expenses P200,000 Capital Gain [capital asset held for one[1] year} P 50,000 Capital Loss [capital asset held for 24 months) P100,0 00 How much is the taxable income of ]ohn Snow Company for the year 2015? Cersei owns shares of stocks of Castle Black Corporation which she purchased several years ago for P1 million. The stocks have a current fair market value of P10 million. She donates one-half of the stocks to her daughter Myrcella on December 31, 2014- and the remaining half to her daughter Myrcella again on Ianuary 2, 2015 when the fair market value of the stocks was P5 million. Assuming Myrcella subsequently sold all the shares of stocks to Ellaria Sand for P10 million, how much did Cersei gain on the sale