Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 04, 2024

When D agreed to pay C Php10,000 in four equal monthly instalments, while on the other agreement D will pay C a certain date the

When D agreed to pay C Php10,000 in four equal monthly instalments, while on the other agreement D will pay C a certain date the full amount of Php10,000. Is this possible?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Yes it is possible to have two separate agreements between pa... 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

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

Intermediate Accounting

Authors: Kin Lo, George Fisher

3rd Edition Vol. 1

133865940, 133865943, 978-7300071374

More Books

Students also viewed these Marketing questions

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...

Answered: 1 week ago

Question

★★★★★

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...

Answered: 1 week ago

Question

★★★★★

The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita (2010 U.S. dollars) in France, Japan, the United Kingdom, and the United States in 1960...

Answered: 1 week ago

Question

★★★★★

Franks is looking at a new sausage system with an installed cost of $540,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage...

Answered: 1 week ago

Question

★★★★★

How many additional drivers must Rock Bottom sell at the lower margin to break even on the increase in advertising promotion? Assume the $10,000 spent on banner ads is the only fixed cost associated...

Answered: 1 week ago

Question

★★★★★

What would your reactions be to interacting with a computer that answers the phone when you reach a call center to ask a question about a product or to register a complaint? Why might your reaction...

Answered: 1 week ago

Question

★★★★★

You collect data on 26 metropolitan areas to analyze average monthly debt payments in terms of income and the unemployment rate. A portion of the data is shown in the accompanying table. a. Estimate...

Answered: 1 week ago

Question

★★★★★

For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2010 for $2,560,000. Its useful life was...

Answered: 1 week ago

Question

★★★★★

Using the adjusted trial provided below, prepare an income statement, statement of owner's equity, and balance sheet for Solomon Services Company. Note: Solomon Services Company had a capital balance...

Answered: 1 week ago

Question

★★★★★

also an MP 3 player dock. Based on his experience with furniture, he believes the desk will be a popular item for four years, and then will be obsolete because technology will have changed again. The...

Answered: 1 week ago

Question

★★★★★

Understand the potential data biases in the Data Science process for designing a modern information system. Explain the issues related to representation biases in the design of such systems. You can...

Answered: 1 week ago

Question

★★★★★

Jennifer Lopez and Ben Affleck are purchasing their first investment property together consisting of a 150,000 SF shopping center has an average rents of $32 per SF per year for an NNN lease.The...

Answered: 1 week ago

Question

★★★★★

Prepare an MRP Progress Report that is similar to an agile standup meeting. Using the textbox below address the three questions thoroughly: What have you completed since the last MRP Progress Report...

Answered: 1 week ago

Question

★★★★★

Scenario Larry, the head of Marketing has heard about you. And at TNH Tires, like much of the rest of the world, the reward for good work is more work. Larry: Thank you so much for making time for...

Answered: 1 week ago

Question

★★★★★

Pick a resource and data set that CloudWatch monitors and collects. How would the use of CloudWatch make a difference in your cloud maintenance? How will you use the data gathered by CloudWatch? Will...

Answered: 1 week ago

Question

★★★★★

Mixon Company's year-end a. Compute the company's Current Ratio (7 MARKS) b. Compute the company's Quick Ratio (7 MARKS) c. Comment on the short-term liquidity position of the company ( 6 MARKS)

Answered: 1 week ago

Question

★★★★★

Open Text Corporation provides a suite of business information software products. Exhibit 10-9 contains Note 10 from the companys 2013 annual report detailing long-term debt. Required: a. Open Text...

Answered: 1 week ago

Question

★★★★★

Determine the amount of accounting goodwill or other amounts by completing the table below. ($000's) Cash Carrying value 7,000 Fair value 7,000 40,000 31,000 Accounts receivable 43,000 Inventories...

Answered: 1 week ago

Question

★★★★★

Refer to the facts in problem P7-38. Data from P7-38 On January 1, 2013, Bamfield Company purchased bonds with a maturity value of $10,000 for $9,147. These bonds have a 4% per year coupon rate...

Answered: 1 week ago

Question

★★★★★

Complete problem P10-19 using ASPE. Data from P10-19 Original cost .............................................................................. $4,000,000 Accumulated depreciation...

Answered: 1 week ago

Question

★★★★★

Explain how process innovation reduces cost and increases profits. How does this innovation affect the firm's total product curve and average cost curve?

Answered: 1 week ago

Question

★★★★★

What is the dilemma of regulation in the case of a regulated monopoly?

Answered: 1 week ago

Question

★★★★★

Describe the essential features of the kinked-demand model of oligopoly pricing.

Answered: 1 week ago

Previous Question Next Question