Vertical integration occurs in a merger when the companies that merge: had a buyer-seller relationship prior to the merger, with each covering a different stage in a production chain. are different sizes, with one being significantly larger than the other. produce different types of products, such as one producing a service and the other a tangible good. eacent products whose productions are unrelated but are consumed together.

On September 5, Zhu Company buys merchandise on account from Gao Company. The selling price of the goods is \( ¥ 15,000 \), and the cost to Gao Company was \( ¥ 8,000 \). On September 8 , Zhu returns defective goods with a selling price of \( ¥ 2,000 \) and the fair value of \( ¥ 300 \). Record the transactions on the books of Gao Company. Sept. 5 Sept. 5

An amount of R 500 is invested at \( i \% \) per annum compound interest. After 6 years it has grown to \( \mathrm{R} 1126,10 \). Calculate the value of \( i \), round off to a whole number and give your answer as a percentage.

• Used vehicle - means a vehicle that is not covered under the definition of new vehicle Proup Work-II. Choose the Best Answer from the Given Alternatives 1. Statement 1: All VAT-exempt taxpayers shall be subject to other percentage taxes. Statement 2: A taxpayer who is subject to percentage tax on his gross receipt will also be subject to income tax on his net income. B. Only statement 1 is correct C. Both statements are correct D. Both statements are incorrect

E5-32B. (Learning Objective 5: Apply GAAP for uncollectible receivables) At December 31, 2024, Concord Travel Agency has an Accounts Receivable balance of \( \$ 87,000 \). Its net accounts receivable is \( \$ 86,120 \) before the year-end adjustment. Service revenue (all on account) for 2024 was \( \$ 800,000 \). Concord estimates that its bad debt expense for the year is \( 3 \% \) of service revenue. Requirêments 1. Calculate Concord's bad debt expense for 2024 . 2. How are Concord's balance sheet and income statement impacted by the adjustment to recognize bad debt expense for the year? 3. Calculate the net realizable value of accounts receivable as of December 31,2024 .

7. Mohammed borrowed N2500 at \( 4 \% \) p.a. com- pound interest. He repays N600 at the end of each year. Find out during which year the debt will finish.