Q: How to compute the Business Tax payable? A:For taxpayers providing taxable services,transferring intangible assets or sellin g immovable properties,the Business Tax payable shall be computed on the basis of th e turnover and the applicable tax rate. The formula for computing the tax payable ...
Fixed Assets:An enterprise can recognize a fixed asset only if the item can give future economic benefits to the enterprise. The cost of the item can be be measured comfortably with reliability.Answer and Explanation: Calculation of Fixed assets:- Items which can be capitalized are considered as...
Compute theTotal Current Assetsusing theSUMfunction. =SUM(F6:G8) In this formula, theF6:G8cells refer to the types ofCurrent Assets. Compute theTotal Fixed Assetsas shown below. =SUM(F11:G12) We get theTotal Assetsby adding up theFixed Assetsand theCurrent Assets. =SUM(F9,F13) In th...
How to calculate net income from assets liabilities and equity? Calculating Items using the Accounting Equation: The accounting equation is the fundamental equation that forms the basis of double-entry bookkeeping. It can be used in the same way as any other mathematical equation to calculate the...
Compute the business's total expenses, including mortgages, vehicle loans, accounts payable, credit card debt and wages payable. If the business has a $50,000 mortgage on an office building, $30,000 in vehicle loans, owes $25,000 in accounts payable, has $15,000 in credit card debt and...
current assets can also include raw materials as part of inventory, plus marketable securities such as money market funds and U.S. Treasury bills. Accounts receivable should also allow for accounts that are unlikely to be paid. Likewise, a major element in the current liabilities category is wag...
Are Your Assets Liquid? As you ponder about your financial status or the current state of your business, knowing the value of your liquid assets is a significant factor when it comes to accurately assessing your monetary standing. To do that, you must first know which of your possessions are...
All the information required to compute shareholders' equity is available on a company'sbalance sheet, including total assets: Current Assets:These are assets that can be converted to cash within a year. These include cash, accounts receivable, and inventory. Non-Current Assets:This category includ...
Where to Find Data for Company Equity As per the formula above, you'll need to find the total assets and total liabilities to determine the value of a company's equity. All the information required to compute company or shareholders' equity is available on a company'sbalance sheet. ...
How To Calculate TWR To compute the TWR, you find the rate of return from each chapter and add one to it. Once you have gotten the rate of return for each chapter, multiply them together. Finally, subtract one from that total. By doing so, you are essentially weaving together the ...