Accounting Questions Here...

[Larry Tan]

The problem seems defective, pero anyway this is how I will solve it:

BV MV Wt K WACC
Bonds 20,000,000.00 19,000,000.00 15.97% 3.25% 0.52%
Common stock 25,000,000.00 100,000,000.00 84.03% 9.20% 7.73%
Retained earnings 55,000,000.00
100,000,000.00 119,000,000.00 WACC 8.25%

Cost of capital = 4(1.05)/100 + 5%

By the way, anong textbook gamit niyo?

[20jerome09]

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.,

[marcusjake1983]

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:

C1 P30.00
C2 P45.00
C3 P90.00

Fixed costs amounted to Php1,800,000.00. At break-even point, the volume of C3 to be old would be.

A. 36,000
B. 12,000
C. 4,000
D. 24,000

Ans. C. 4,000

[^_^V]

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
= 40,000

BEP (units) C3 = 40,000 X 10%
= 4,000

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.

[^_^V]

please ignore the 150 after weighted CM/ unit.

[singagski]

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.,

hmm...if i will answer this problem..my adj. entry would be

rec. from cashier 40,000
cash 30,000
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...

[marcusjake1983]

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
= 40,000

BEP (units) C3 = 40,000 X 10%
= 4,000

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.

Thanks for the advise.

[Larry Tan]

The problem seems defective, pero anyway this is how I will solve it:

BV MV Wt K WACC
Bonds 20,000,000.00 19,000,000.00 15.97% 3.25% 0.52%
Common stock 25,000,000.00 100,000,000.00 84.03% 9.20% 7.73%
Retained earnings 55,000,000.00
100,000,000.00 119,000,000.00 WACC 8.25%

Cost of capital = 4(1.05)/100 + 5%

Another possible answer for this problem is 8%, if the weight used is based on book value of debt & equity, which for me is acceptable only if book value approximates the market value of debt & equity.

[ansonkeh]

Hi All,

If you still have questions on the suggested solutions to your problems, feel free to post or ask for clarifications.

[borchu]

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?

[Larry Tan]

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?

Ang definition kasi ng goodwill is excess of acquisition price over fair value (not net book value) of the asset acquired.

[borchu]

^thanks

[20jerome09]

Topic: Bank Reconcilliation




Ask ko lang poh if pano nakuha *** arithmetic error (encircled in blue) saka paki explain na din kung bakit

[Larry Tan]

Topic: Bank Reconcilliation




Ask ko lang poh if pano nakuha *** arithmetic error (encircled in blue) saka paki explain na din kung bakit

Recompute the running cash balance per books, mali ang running balance, what should be deducted (check) was added & vice versa.

[20jerome09]

Recompute the running cash balance per books, mali ang running balance, what should be deducted (check) was added & vice versa.

Salamat poh. Hindi ko agad napuna my mistake .

[Ateneo_CdeO]

Grabeh...nosebleed naman ako sa mga questions/problems na pino-post dito. Grabeh...

[Illumina_Ti]

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...

[20jerome09]

Grabeh...nosebleed naman ako sa mga questions/problems na pino-post dito. Grabeh...

Pasensya naman studyante pa lang ako di pa ako ga-graduate at di pa ako nag-rereview school. This topic is for all, para sa di pa nakakaintindi at sa mga marurunong na. Wala naman siguro dahilan kahit me mag post dito na 1+1=? ang mahalaga maituro ang tama at matulungan ang bawat isa.

[ansonkeh]

Pasensya naman studyante pa lang ako di pa ako ga-graduate at di pa ako nag-rereview school. This topic is for all, para sa di pa nakakaintindi at sa mga marurunong na. Wala naman siguro dahilan kahit me mag post dito na 1+1=? ang mahalaga maituro ang tama at matulungan ang bawat isa.

Hi Jerome,

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

[Larry Tan]

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...

I am tempted to solve this problem. Nasa MAS quizzer ko yata yan. Hehehe