4. How to compute the sales value and sales volumes for taxable consumer gods? A:The sales value of taxable consumer goods shall be the total consideration and oth er charges(including funds,pool funds,rebated profits,subsidy,indemnity, delayed payment interest,commissions,packing expenses,storage ...
How to calculate revenue and expenses from assets liabilities? What would be the total revenue at the break-even point? Explain how to compute earnings and profits (E&P). Explain how to calculate the profit and loss statement. What is the formula for calculating accounting profit ? Calculate th...
of individuals in a household. They include the amounts paid for lodging, food consumed at home, utilities, clothing, and other costs. The sum of all theexpensesis then divided by the number of family members residing in the house in order to find each member's share of the total ...
How to Compute the Total Cost of Rendering Your Home To compute for the total cost of rendering your home, multiply the total foot area of the walls to be rendered with the labor cost of the type of render that you want for your home. After computing for the total amount, add the cos...
At the end of eachaccounting period, the adjusting entry should be made in the general journal torecord bad debt expensesand doubtful accounts. Compute the total amount of estimated uncollectible debts and then make the adjusting entry by debiting the bad debts expense account and crediting allowan...
Fixed cost = Total cost of production - (Variable cost per unit x number of units produced) Add up all of the production expenses first. Take note of which of these costs are constant and which are changeable. Subtract the variable cost of each unit times the quantity you generated from ...
Step 7 – Create the Monthly Income and Expenses Summary Create a dataset (L4:N6) for the Monthly Income Summary. Select cell L6. To find the total Projected Monthly Income, apply the following formula in the cell: =C11+H11 Press Enter. Compute the monthly Actual income and Difference in...
Income taxes complicate DSCR calculations becauseinterest paymentsare tax deductible andprincipalrepayments are not. A more accurate way to calculate total debt service would be to compute it like this: TDS=(Interest×(1−Tax Rate))+Principalwhere:TDS=Total debt service\begin{aligned} &\text{TDS...
Explain the debt to total assets ratio. How is it calculated? How is the accounts receivable turnover computed? What information does this ratio provide? How do you compute the unadjusted cost of goods sold? 1. What are some types of receivables for accounting? 2. How does accounts recei...
(profit or loss). This requires reporting four key items: revenue, expenses, gains, and losses. An income statement starts with the details of sales and then works down to computenet incomeand eventuallyearnings per share (EPS). In each line, the income statement does not differentiate ...