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Pa-explain naman poh what happened to this transaction and what will be the adjusting entries to the books.
The cashier-bookkeeper had misappropriated P30000 and an additional P10000 by charging sales discounts and crediting accounts receivable.
Nasa FA1 sya ni Valix 2006 ed. problem 7-28. Thanks.,
Needs help. Lalo na kng panu kinuha ang ratio. for each chemicals.
Chemicals, Inc formulates and sells three major chemicals: C1, C2 and C3. It sells to industrial users who use and buy these chemicals in the following ratio: these (3) measures of C1 for one (1) measures of C3, two (2) of C2 per one (1) measure of C1. The company makes the following contribution margin per measure:
Fixed costs amounted to Php1,800,000.00. At break-even point, the volume of C3 to be old would be.
Ans. C. 4,000
C1 - 3:1 to C3
C2 - 2:1 to C1
thus, C1 = 3 , C2 = 6 , C3 = 1 convert to %
note: ( C2 = 3 X 2) since two measures of C2 per one measure of C1
compute: weighted ave. CM/unit = 150
C1 = 30 X 30% = 9
C2 = 45 X 60% = 27
C3 = 90 X 10% = 9
sum = 45
BEP (units) mix = Fixed Costs / weighted ave. CM/unit
= 1,800,000 / 45
BEP (units) C3 = 40,000 X 10%
Pre, konting advise lang. try to solve problems na walang choices. *** mas may challenge. Mas fulfilling kc kung na answer mo ng correct *** mga questions w/o the choices.
please ignore the 150 after weighted CM/ unit.
hmm...if i will answer this problem..my adj. entry would be
rec. from cashier 40,000
sales discount 10,000
since nga na binulsa nya *** 40k, *** na *** 30k na cash jan, then i assume na nagkarun na ng colection of AR kaso diniretso nya sa bulsa nya tapos nag tinago nya by making it appear na sales discount...clearly merong weakness sa control because the custodial function plus the recording function are both possessed by the cashier...
If you still have questions on the suggested solutions to your problems, feel free to post or ask for clarifications.
Topic: Investments. excess of cost over book value
Uhm, bakit po kapag Fairly valued lahat ng asset, yung difference between Acquisition Cost and Net Asset acquired is(excess) Goodwill agad,
pero kapag may exception na isang depreciable asset which is undervalued, iaallocate pa yung excess para makuha goodwill?
Topic: Bank Reconcilliation
Ask ko lang poh if pano nakuha *** arithmetic error (encircled in blue) saka paki explain na din kung bakit
Grabeh...nosebleed naman ako sa mga questions/problems na pino-post dito. Grabeh...
mga pre...just try to solve my posted problem about CVp analysis sa page 4...very challenging in appearance..but seriously i'm telling you...it's just a piece of cake!
kung nosebleed na kayo...ala pa rin...ipopost ko na yung answer and solution...
bahala kayo..sayang din yun...it was given so many times in actual board exam...
All relevant questions are welcome here. As what you said, what is important is that we help each other understand the problems that are vague or those you cannot understand - regardless whether you are a student or reviewee.
Btw, based on your reply to the post you quoted, i think there seems to be some misunderstanding. It seems he was just saying that the problem is indeed difficult. Unless, I am missing out something hehehe