Yanyan is engaged in the domestic transport business. His gross receipts during the 1st quarter are as follow: Land Air Sea Transport Tof 700.000 850,000 550,000 Passengers Transport 650.000 400.000 600.000 of Cargo If total input taxes from purchases are P600,000, how much is the total amount of business tax payable?
Answers
the total business tax payable by Yanyan, we need to first determine his taxable gross receipts. These are the gross receipts subject to percentage tax, which is the tax applicable to domestic transport businesses.
Using the formula for taxable gross receipts, we can compute it as follows:
Taxable Gross Receipts = Gross Receipts - Exempt Gross Receipts
Exempt Gross Receipts for Domestic Transport Businesses = P3,000,000 (per RR 16-2005)
Therefore, Taxable Gross Receipts for Yanyan = (Total Gross Receipts) - (Exempt Gross Receipts)
= (700,000 + 850,000 + 550,000 + 650,000 + 400,000 + 600,000) - 3,000,000
= 1,950,000
Next, we can compute for the business tax payable using the formula:
Business Tax Payable = (Taxable Gross Receipts) x (Percentage Tax Rate)
The percentage tax rate for domestic transport businesses is 3%.
Thus, Business Tax Payable for Yanyan = (Taxable Gross Receipts) x (Percentage Tax Rate)
= 1,950,000 x 3%
= 58,500
However, we also need to take into account the input taxes from purchases, which can be credited against the business tax payable. The amount of creditable input tax can be computed as:
Creditable Input Tax = (Total Input Taxes) x (Taxable Gross Receipts / Total Gross Receipts)
Creditable Input Tax for Yanyan = (Total Input Taxes) x (Taxable Gross Receipts / Total Gross Receipts)
= 600,000 x (1,950,000 / 3,750,000)
= 312,000
Finally, we can compute for the total business tax payable by deducting the creditable input tax from the business tax payable:
Total Business Tax Payable = Business Tax Payable - Creditable Input Tax
= 58,500 - 312,000
= -253,500
Since the result is negative, Yanyan can carry-over this excess tax credit to the succeeding quarters.
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Related Questions
hai brought 6 pears fo 3.60 how much did each pear cost?
Answers
Answer: $0.6
Explanation:
3.6/6 is 0.6
Noa buys 6 items that each cost $4. 25 and 3 items that each cost $6. 75. How much does Noa spend in total? $20. 25 $25. 50 $38. 25 $45. 75.
Answers
Based on the information given the amount that Noa spend in total is $45.75.
Using this formula
Total cost=(Number of items× Cost)+ (Number of items× Cost)
Where:
Number of items=6, 3
Cost=$4.25, $6.75
Let plug in the formula
Total cost=(6×$4.25)+(3×$6.75)
Total cost=$25.5+$20.25
Total cost=$45.75
Inconclusion the amount that Noa spend in total is $45.75.
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Distinguish among corporate, business, and functional strategies. how does each strategy relate to hrm? why?
Answers
Corporate, business, and functional strategies are the three levels of strategic management that run across the organization and somehow, relate to Human Resource Management (HRM).
Corporate Strategy: It involves top-level management and represents the big-picture goal of an organization.
How: HRM takes a key role in shaping the corporate strategy of the organization and also ensures that the organization as a whole is working together to reach its goals.Why: The role of HRM directly contributes to the future success of the organization as HRM ensures that all actions are planned and integrated with the corporate strategy.
Business Strategy: It defines competitive advantages for each business department by delivering goods and values to customers based on the current market trend.
How: HRM analyzes the current market trends and aligns the organization working with those trends as well as provides the required resources.Why: HRM gives the organization an edge to compete by maximizing productivity and introducing products and services to the market before the competitors.
Functional Strategy: It is a detailed working plan for achieving the organization’s goals within each business department.
How: HRM aligns goals from the top of the organization all the way down to the individual employees for increasing performance. Why: When employees with required skills are recruited it affects business in positive ways since human is the most valuable resource.You can learn more about company strategy at
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help me plzzz
true or false
1.negotiating styles have been standardized in international markets
2.political risk refers to political decisions, conditions, events or activities in a country business climate
Answers
1.false
2.true
what did antonie van leeuwenhoek call his discovery
Answers
Answer:
Antonie Van Leeuwenhoek called his discovery "wee animalcules"
Hit brainliest if this was helpful :)
Edwin Company uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 22,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,200. An additional 96,000 units were started into production during the month. There were 20,000 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $585,900 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs
Answers
Answer:
$5.77
Explanation:
Beginning WIP 22,000 units (20 % complete, 80% need to be completed in current month)
Beginning WIP 22,000 units*(100 - 20%) 17,600 units
Units started & completed in current month 66,000 units (96,000-20,000)
Ending WIP 20,000 units * 90% 18,000 units
Equivalent units of production 101,600 units
Cost per equivalent unit for conversion costs = $585,900/101,600 units
Cost per equivalent unit for conversion costs = $5.7667323
Cost per equivalent unit for conversion costs = $5.77
firms that look for safer and healthier alternatives to their products, are mostly attending to which stakeholder group?
Answers
Firms that look for safer and healthier alternatives to their products are mostly attending to the stakeholders group of customers.
Customers are important stakeholders for any organization as they are the end users of the products and services they provide. Customers are also the main source of income and profits for an organization, and as such, they expect the products and services to meet their needs and to be safe and healthy to use.
Organizations must therefore focus on providing products that are safe and healthy for customers to use, as well as offering alternatives to existing products that may not be safe or healthy.
In order to meet the needs of customers, organizations must consider the health and safety aspects of their products and services and look for safer and healthier alternatives.
This can include looking into the ingredients used in their products, assessing the potential risks, and making sure that the products meet the health and safety requirements of the relevant authorities.
Organizations can also look into alternative sources of energy, chemicals, and materials that are safer and more environmentally friendly. In addition, organizations can consider the opinions and feedback from customers and other stakeholders to ensure that their products meet the needs and expectations of customers.
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Dividends paid during a period totaled $5,000. This will be reported on the statement of cash flows as:
Answers
The statement of cash flows as a cash outflow from financing activities.
The dividends paid during a period, which totals $5,000, will be reported on the statement of cash flows as a cash outflow from financing activities.
When it comes to the statement of cash flows, it is classified into three major categories or sections which are as follows: Operating activities, Investing activities, Financing activities
Since the payment of dividends to shareholders is classified under financing activities, it will be reported on the statement of cash flows as a cash outflow from financing activities.
Cash inflows from financing activities typically result from obtaining or repaying capital (for example, selling shares, repaying loans), while cash outflows are typically related to financing the company's operations (for example, paying dividends).
Therefore, the dividends paid during a period, which totals $5,000, will be reported on the statement of cash flows as a cash outflow from financing activities.
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Which statement best describes the relationship between credit and debt
when you use a credit card?
A. Your debt decreases as you use your credit card more.
B. Your credit decreases as you lower your debt.
C. Your credit stays the same as you lower your debt.
D. Your debt increases as you use your credit card more.
Answers
Answer:
D. Your debt increases as you use your credit card more
When you make a purchase something with a credit card, you are borrowing money from someone else. This puts you in debt. You will build up more debt from purchases until you pay the total amount due.
Hope this helps :)
Your debt increases as you use your credit card more is the statement best describes the relationship between credit and debt when you use a credit card. Thus, option (d) is correct.
What is credit card?
A bank will issue plastic or metal "credit cards" as forms of payment. When using a credit card, also known as a payment card, charges are made against a line of credit instead of the account holder's cash deposits. The credit card is more convenient as compare to cash.
By using credit card more frequently, the debt grows. They must pay the minimum amount due on credit card each month by the balance's due date in order to use one, at least.
Therefore, option (d) is correct.
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The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answers
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
Mr. Chopra decides to sell his business shares to the public to acquire additional finance. Under which component in the balance sheet should Mr. Chopra show the money he obtained from the shareholders?
Answers
When Mr. Chopra sells his business shares to the public and acquires additional finance, the money obtained from the shareholders should be shown under the "Equity" component in the balance sheet.
The component in the balance sheet should Mr. Chopra show the moneyEquity represents the ownership interest in a company, and it includes the funds contributed by shareholders in exchange for shares of the company's stock. When shares are sold to the public, the proceeds from the sale increase the equity of the business. This is typically reflected as "Share Capital" or "Common Stock" in the equity section of the balance sheet.
By showing the money obtained from the shareholders in the equity section, Mr. Chopra can accurately represent the ownership stake and financial position of the company.
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PLZ help I’m so tired!! SIS GOTTA GO SLEEP!!
which upset customer handling technique requires responding quickly and in a businesslike tone with abuse cursing and threats are present?
A. Let them talk
B. Resolve the problem
C. Identify the problem
D. Don’t tolerate abuse
Answers
Answer:
my answer is a.let them talk
Don’t tolerate abuse handling technique requires responding quickly and in a businesslike tone with abusive cursing and threats present.
Thus, option D is correct.
What is a customer handling technique?The customer handling technique allows representatives to summarise and reiterate the client's issue, listening intently to a company’s customers is a crucial customer service ability. The customer will feel as though their problem is addressed if you do this.
The customer handling technique will not allow anyone to say wrong words or bad words to another piece. There it is important that no one should they are allowed to abuse another being. Even if it is a customer then there should be respectfully told so.
Therefore, option D is the correct option.
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What best describes a 403(b) plan? А. 0 cost basis B. cost basis equal to all contributions C. cost basis equal to all earnings D. cost basis equal to all contributions plus earnings
Answers
A 403(b) plan is a retirement savings plan that is typically offered to employees of non-profit organizations, educational institutions, and certain other tax-exempt organizations.
It is similar to a 401(k) plan, but with some differences in terms of contribution limits and eligibility requirements.
The best description of the cost basis for a 403(b) plan is D: cost basis equal to all contributions plus earnings. This means that the cost basis for any investments held within the 403(b) plan is equal to the total amount of contributions made to the plan, as well as any earnings or gains on those contributions.
This can be important for tax purposes, as it affects the amount of taxes that may be owed when the funds are withdrawn from the plan.
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Which one is the best choice. Please explain why. I’ll give extra points.
Answers
Answer:
10
Explanation:
Surplus for Donovan: 10 - 4.50 = 5.50
Surplus for Rudy: 8 - 4.50 = 3.50
Surplus for Mike: 6 - 4.50 = 1.50
Surplus for Royce: 4 - 4.50 = -0.50
Sum of all surpluses: 5.50+3.50+1.50-0.50=10
Which step directly follows "loss of jobs” in the stagflation cycle?
Answers
Answer:
fewer items produced
Explanation:
Answer:
D
Explanation:
QUESTION 16 According to the perspective of shareholder capitalism, shareholders in public stock companies a:have unlimited financial liability, Ob.have significant decision-making power. O have the most legitimate claim on profits. d. are restricted from buying shares of two competing companies
Answers
According to the perspective of shareholder capitalism, shareholders in public stock companies have the most legitimate claim on profits.
This means that they are considered the primary stakeholders who are entitled to receive a portion of the company's profits in the form of dividends or capital gains. Shareholders are typically considered the owners of the company and, as a result, have the right to share in its financial success.
While shareholders may have decision-making power through voting rights, the extent of their influence can vary depending on factors such as the company's corporate governance structure and the concentration of ownership. Shareholders are generally not restricted from buying shares of competing companies, as long as it does
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Who are you voting in this years election and why?
i am a democrat so i will NOT be voting for trump. :)
Answers
Answer:
I am voting for Donald Trump in this election
Explanation:
To make 150 telephones, ComTech, Inc. had these manufacturing costs: materials $1,282.29; labor, $1,975.26; factory overhead, $1,234.31. What was the prime cost of making the
telephones? What was the total manufacturing cost of each phone. on average. to the nearest whole cent
Answers
Answer:
The prime cost of making the 150 telephones is the total cost of materials and labor, which is $3,257.55. The total manufacturing cost of each phone, on average, is $21.72 to the nearest whole cent. The factory overhead cost of $1,234.31 is spread out over all of the telephones and is not factored into the prime cost
Explanation:
How does product differentiation relate to market segmentation?
Please provide examples.
Answers
Product differentiation is a process through which marketers try to differentiate their product or service offering from that of their competitors to attract more customers.
Market segmentation is the process of dividing a market into smaller groups of consumers with similar needs or characteristics so that products can be tailored to meet their specific requirements.
How does product differentiation relate to market segmentation?Product differentiation and market segmentation are closely related because product differentiation allows marketers to tailor their offerings to different segments of consumers.
To be more precise, market segmentation helps businesses to divide the larger market into smaller segments that have similar needs or characteristics and then create a unique product for each group.
Examples of how product differentiation relates to market segmentation
There are many examples of product differentiation relating to market segmentation.
For instance, a business that produces men's clothing can create different product lines for different segments of the market. They can create a line of clothes for the urban market, which would include trendy clothes, and a line of clothes for the suburban market, which would include more traditional clothes.Also, companies such as Nike and Adidas can create different products for different segments of the market. For example, Nike can create running shoes for the athletic market and basketball shoes for the urban market. Similarly, Adidas can create clothing for the casual market and athletic shoes for the sporty market.To know more on Product differentiation visit:
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When Denisha sells the jewelry she makes at craft fairs or on her personal website, she is utilizing a(n) ________ marketing channel\
Answers
Based on the fact that Denisha sells her jewellery on her personal website, then she is making use of:
Direct marketing channelWhat is Direct marketing channel?This refers to the process of selling merchandise to the sellers without the use of intermediaries or middlemen.
With this in mind, we can see that because Denisha sells her jewellery directly to the buyers on her personal website, then she is making use of direct marketing channel,.
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As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answers
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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the selling price of a particular product is $81.00 per unit, the variable expense is $55.00 per unit, and the breakeven sales in dollars is $243,000, what are total fixed expenses?
a. $68 b. $132,000 c. $3,000 d. $267,070
Answers
The total fixed expenses are $77,760, which is not one of the given options.
What is Selling Price?
Selling price refers to the amount of money that a seller charges for a product or service. It is the price at which a product or service is offered for sale, and is determined based on a variety of factors such as production costs, marketing expenses, and desired profit margins.
We can use the formula for calculating breakeven sales in dollars:
Breakeven sales in dollars = (Fixed expenses / Contribution margin ratio)
Contribution margin = Selling price - Variable expenses = $81 - $55 = $26
Contribution margin ratio = Contribution margin / Selling price = $26 / $81 = 0.32
Substituting the given values into the formula:
$243,000 = (Fixed expenses / 0.32)
Fixed expenses = $243,000 x 0.32
Fixed expenses = $77,760
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how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?
Answers
Answer:
Pneumonoultramicroscopicsilicovolcanoconiosis
Explanation:
Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.
Why is it important to demonstrate a positive work attitude in the workplace?
O to be seen as trustworthy and reliable
O to be seen as coachable and flexible
O to be seen as willing to delegate tasks
O to be seen as easily persuadable
Answers
Answer:
the first one
Explanation:
if you aren't trustworthy you might not get as many opportunities in your workplace
Jake, a store keeper at Triscent Hypermarket, is accused of stealing food products from the store. When confronted by his manager, Jake justifies his act by claiming that his monthly pay is not sufficient to support his family of five members. In this scenario, the defense mechanism used by Jake is _____. Group of answer choices conversion fantasy flight rationalization
Answers
Answer:
Rationalisation
Explanation:
Rationalisation is the attempt by an individual to justify an action, behaviour, or attitude with logical reasoning. Mostly the reasons given are not appropriate enough.
In the given instance Jake is accused of stealing food products from the store, he justifies his act by claiming that his monthly pay is not sufficient to support his family of five members.
This is not enough reason to still but he still tries to rationalise his action based on his low salary.
krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
Answers
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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the primary difference between franchise ownership and management contracts is:
Answers
Franchise ownership and management contracts are two different types of business models that companies can use to expand their operations. The primary difference between them lies in the level of control and ownership that each party has over the business.
In a franchise ownership model, the franchisor grants the franchisee the right to use its business name, trademark, and operating system in exchange for an initial fee and ongoing royalties. The franchisee typically owns the business and is responsible for operating it in accordance with the franchisor's guidelines. The franchisor provides the franchisee with training, marketing, and other support services, but ultimately, the franchisee has a greater degree of control and ownership over the business.
In contrast, a management contract is an agreement between two parties in which one party (the management company) agrees to manage all or part of the operations of another party's business in exchange for a fee or a share of the profits. The management company typically has more control and decision-making authority over the business than the other party, which may be a separate entity or an individual owner. In this model, the management company is responsible for hiring and training staff, implementing business strategies, and managing day-to-day operations, while the other party retains ownership of the business.
Overall, the primary difference between franchise ownership and management contracts lies in the level of control and ownership that each party has over the business. Franchise ownership is typically more focused on providing a framework and support system for the franchisee to run their own business, while management contracts involve more direct involvement and decision-making by the management company
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What are some of the advantages of incorporating?
A. All businesses are required by law to incorporate.
B. Business owners are protected from liability and lawsuits.
C. Incorporation is the least expensive business structure.
D. Incorporation makes a business more likely to succeed.
Answers
The CDC for hospitals and healthcare facilities to improve
Answers
The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.
What are the Centers for Disease Control and Prevention?The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.
Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.
Thus, CDC helps in improving the plans and functions efficiently to handle surges.
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