Answer:
No, a reversal of a ruling shall not be given a retroactive application if it will be prejudicial to the taxpayer.
Explanation:
Based on the information provided it can be said that No, a reversal of a ruling shall not be given a retroactive application if it will be prejudicial to the taxpayer. Meaning that the BIR can not assess ABC Printers for back taxes because ABC Printers was following the rulings made by BIR at that time correctly, the change in ruling applies to taxes only after the change has been made and not before. Therefore as long as ABC Printers begins paying taxes now, then the BIR has no standing.
Answer:
$ 10,737,418.23
Explanation:
Given:
Amount paid on the first day = $ 0.02
Amount paid on the Second day = $ 0.04
Amount paid on the third day = $ 0.08
number of days, n = 29
also,
the wages is doubling daily
therefore,
The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....
or we can form the relation as
= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )
or
=
or
=
or
=
or
= $ 10,737,418.23
Answer:
E. If the interest rate the companies pay on their debt is more than their basic earning power (BEP), then Company Heidee will have the higher ROE.
Explanation:
Base on the scenario been described in the question, we saw that between the two companies, Heidee and Leaudy, they both have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on their debt but company Heidee has a higher debt ratio, this will make company Heidee has a higher ROE because of its higher ratio of debt
Answer:
Days in inventory is 66 days
Explanation:
The formula for days in inventory is 365 days/inventory turnover while inventory turnover is costs of good sold divided by average inventory.
costs of goods sold is $550,000
average inventory is ($90,000+$110,000)/2=$100,000
inventory turnover =$550,000/$100000
inventory turnover =5.5 times
The days in inventory can then be computed thus:
days in inventory=365 days/5.5=66.36 days
The days in inventory is the average number of days that it took inventory to be sold and it is approximately 66 days in this instance
Answer:manufacturing cycle efficiency (MCE)= 0.40
Explanation:
Solution to solve for the manufacturing cycle efficiency (MCE)
Manufacturing Cycle Efficiency (MCE) is solved using the following
Throughput time = Process time + Inspection time + Move time + Queue time
= 6 Days + 0.6 Days + 0.4 Days + 8 Days
= 15 Days
Therefore, the Manufacturing cycle efficiency (MCE) = Process time / Throughput time
= 6 Days / 15 Days
= 0.40
Therefore, the Manufacturing Cycle Efficiency (MCE) will be <u>0.40</u>