tame rhe ec raconsion 2012017 eee veo id ten Yatbom buco undue ate Srp ere fesino “Zon Urs Ct: Noe on ere clacton Stiga (ier E80) crs gat an seen Sarge {i380} eames Sh er SE care eo “Wa tetera tek rare 3} cont cath ate aS a A Anes. ance rad bc er tcke 219400 88 rt rr rg re ‘cure Two aite Amount ae eka Weleda =a ee Titan “say aco S20 ano ian ohm setae ee eo od ‘ita ews at0 ween id sagan gs 195000 awe nance weary ae, 000 Sivan ope wou as “sono ge wea Sse. Pa ecw GL SL AA rls “ea.00) gas ‘ iss Sar je a a et ect te ‘Accounts receivabse. ee 7,500 eccumsPaabe vetoes Net eure Trea atag00 | ads co0 Doce edad es: suet gianna ‘Somer anasne (501006) 124200) 2 4,700) Iran YD: Dest 01090) G90) wise Gaaseh erwin reed a "peoanae 700, bet (S 01050) sso 300 cee eared prc: es em canoe 7050) (9300) (p00) sana ree,oo cont ‘eam ep, 1273/26 6.4/8) ‘ape up SAT (aaeassar) ear vtae, ? ‘Gr Volos (no dete ie) ‘Recoveries Voie wet ‘is6000/2%) pire ess 007 28. Ane esases) csaes) iaton “az St 229900 2000 88.000 oe aa 195,000 se a3 ie ie rane ‘SShreapes oebetssouot ney oy, appro ra se. 36.0 me are whe 28 see a8 me wk mb ae ae mic ec aA aa wie ae sc aD fee ae a8 aa wa oe aD oma see oo suid ae BA m>ReSA 8 The Review School of Accountancy ‘MTel. No. 735-9807 & 734-3989 TAXATION April @, 2017(Saturday) Final Pre-Board Examination i 8:00 AM to 11:00 A.M. MULTIPLE CHOICE TNSTRUGTIONS: Select tho correct anawer foreach of the Following Questions. Mark only one answer for each item by snading the box corresponding to the letter of your choice on the sneet provided STRICTLY NO ERASURES ARE ALLOWED. Use pencii no. 2 only. ie aoe z= aa 2 2s 3 ea 3 hs a 63.8 3 208 3 cme 38 255 € 6.8. ox 26-5. B 6 cae 27k 2 se Ge ae 28 > coe 6k 3b 25k 3 Ts oak ine —[e6. 308 03 70-8 sovroReNc camuEaTioNe see Normal income tax Less: Unexpired excess MCI? 2 2017 (100,000 = 60,000) Tax payable = Value of the fringe benefit oo Monetary value of the fringe benefit {504 x 340,000 ~~ Fringe benefit eax (170, 000/68 x 378) Net Income before interes: expense Fi, 000, 000 Less: Titerest expense “| Reduction (33% x 180,000) EZ 100, 600 Tavable net income am E3400} [eng tere capital Toss (S60 x 300,000) sa ase : — ‘Selling price (higher than Ai) at PE, 000, 000. ‘Tax rate = = a | Capital gains tax TT Ere g00 ‘Professional tax : a7] Gravel and sand tax _ evs ee 20,000 | Road user’s tax on his delivery vane e pa 50,000 | Jocal annial ried tax for his delivery vans ——~—~~— 10,000 Total 1 Baio.309 | 568 it z ea Basic personal exeaption ica 50,000] Additional exenfeion (anya of the following depondcate? Gearina, Dianne, Faith, Grace and Teaish) (4 ¥ 25,000) 100,006 Total = i {EES0. 000 ‘TAXAEION FIRST PAE-BOARD EXAMINATION (BATCH 35) && 5) The Review School of Accountancy Final Pre-Board Examination Solution Advanced Finonciol lecownting and Repotting 12/12/20x6: Original foward rate (90 days 12/31/20x6: Current remaining) forward rate (71 days) Forex gain per unit. nnn 7 ‘Multiplied by: Number of foreign cumencies wenn Foreign exchange gain due to hedging of exposed labilly or, ‘Manage an exposed position: Vaive the toward exchange contract (FEC) at ils fair value, measured by changes in the forward exchange rate (FER). Note that the question asks only for the effect on income from, the forward contract transaction; thus, any effect on income from the foreign cunency ‘denominated account payabie is not included in the answer. FER, 12/126 P90 FER, 12/31x6 P93 ALE: Forward Contact Receivable 3000 Foreign Exctinge Gain 3,000 Revaiue forward contract 'P3,000 = 100,000 FCU x (P93 P.90) change in forward rates 03 Ba.009"b) Foreign Exchange Loss 10.000 Account Payable 101000 Revalue foreign currency payable: 10,000 = 100,000 FU x (P98 - P88) change in spot rates 2. = (P.B7 ~P.92) x 100,000 = P5,000 loss; Or Importing transaction 12/12/20x6: Spot rate (date of transaction) 12/31/20x6: Spot rate (balance sheet date) Forex gain per unit ts ‘Mutipled by: Number of foreign cunencies . Foreign exchange loss due to revaluation of accounis payabie 38 12/12/20x6: Original forward rate (90 days) «n. 12/81/20x6: Current {rernaining] forward rate Forex gain pet unt... 5 Matipied by: Number of foreign cumencies erase Foreign exchange gain due to foreign curency commitment o, Hedge of a Firm Commitment: . \Vaiue FEC based on changes in forward rate, AIE: Forward Contract Recevable 3,000 Foreign Exchange Gain 3.000 Revaive forward Contract, using the forward rates. Foreign Exchange Loss 3.000 Fim Commitment Recognize loss on firm commitment. Again, note that the question asks only about the effect on income from the forward Contract, not the underlying frm commitment portion of the transaction 4B 3,000 12/12/2087: Original forward rate (90 Gays)... .rnnnnnnene P90 12/31/20x7: Current (remaining) forward rate (71 days)». wn 88 Forex goin per unit. oe st P03 ‘Mutipied by: Number of foreign curtencies 109,000 Foreign exchange gain due fo specuation15.6 Total Overhead Costs assigned to Job 1234 ‘Maateriais Handling: 3,000 x (P50,000/100.000).. Painting: 200,000 x {°200,000/50,000 unit).. ‘Assembly: 120,000 x (P120,000/4,000)..n. 1c MY 0€ By-product 268t mm eae Less: Se1ling and sdninistrative expense Operating profit Stare in Joint Cost per unit ei x: Units produced = Share in Joint costa 7.0 yp. vat. Costs Pep: 5,000 x (PSD-PIG]= F 700,000 x 508 ~ P100, 000 vin: 45000 x (P4O-P 5) = -_ 140,000 » S08 70-900 P170, 900+ hae secs sa ts tlsantaeEOD tt 272,000 Lees: Jeine costs allocated co By-producla 21900 Joint costs to Joint progucte.. 70/090 Sales of Pep: (P50 x 5,000}. 250,000 less: Cost of Sales Soint costa a 109,000 Further processing cout 50,000 150,000 Gross profit. é E 18.8 me ding towel Exmrd Tmo Total Capital before reatzaion como «7000 1790094000" aad on0 Loss on sole (4:2:2: (52.800) 126.400 _{26,400) £26,400 (132,000) 7200 4.00 9400) 69400. 108000 Possible insolvency loss (4:2:2) | 4,700) ‘L2350) 2.400) 2.350) oo Sate poymenis| 2 «Ba om 190- ; Keaton Toiatinterea £0,000 [oss [2aa) ‘| “Taso001 | Tezcoo. | —Tiz00 |Tisa.coot| ‘Aaiional nvesiment {Payments fo pariners wooo | *Cash, Becinning Balance. PrOCCOEEenrsrnenen ei Payment of liabilities (assumed paid). Payment of fquidation expenses Poyment lo Partner... 0.¢ Guincy capil before fquidation see Less: Share in iqidtion expenses (8,000 x 40%) Guincy capital before realzation of non-cash asses Less: Cash received by Quincy (minimum) ... Shore in he lesson reazation Divides by: Profit and loss ratio Loss on realcaton Less: Nor-eash assets Proceeds om sale ac , The shares valued af P5,000,000 shouid be classed as temporary restricted net assets since it 's intended tor o particular purpose (purpose restrictions) which were not yet released. While, ‘he F2,000,000 should be considered as permanently esticted for reason that they are to be ‘elained indefinitely (pemetuaty) ADVANCED FINANCIAL ACCOUNTING & REPORTING Final Pre-board ExaminationRen. INE REVIEW scHVUT OF ACCOUNTANCY Page 5 of 10 Incidentaly, the eliminating enity (assuming books are already closed) would be os follows: : Retained eamings —Parent/ investment in § Co. (65% x P40,000}... 26,000 Non-coniroling inferest (35% x P40,000) v= 14,000 Non-curent asset. 7 a 40,000 The profit on intragroup assets to be eliminated in ful. Only the group share of the profits of the subsidiary are faken fo group retained eamings. This fs because the subsidiary sold the asset fo the porent. This gain is not realized from @ group perpective and must be removed in ful. it & then allocated between the shareholders ofthe subsidiary in the form of retained eamings (group share of the gain) and the non-controling interest. 30.0 ‘Contract pice: $0,005 ‘Costs incured each yeor 78,750. ‘Add: Cost incured in prior ye [[Costsincutred to date ‘Add: Estimated cost to complete Totaleslimated costs a Estimated Gross Prof (ai) a 19900) ‘Multiply by: % of completion [15,000 + 78,750) / 900,000. [Recognized Gross Profit {Loss Io: z 15,000, | [Recognized Gross Profi Loss] in curent year San] Less: Gross Profit Los] in prior yer P1500 /10.4167% | 78750 ©, alternatively: a Contract Price. 3 900,800, x: GP% (15,000/98,750). oS Estimated Gross Profi b.1a4000 3A 32.0 33, B- PA $00 [[P9.000 + 6,000) + P14,000 + (P3.50.x3,600})....P 5.900 3A : ‘Actual/Manutacturing Overhead Controt £2,300 + P3,700 + P19,400 + P5400 sree ~ Applied Manufacturing Overhead: P3,50 x8, 500 Under appiied Overhead = P30,800 ~ P29,750... 35.8 Downstream sales: Seling price ot non-cument asset Less: Sook/canying vaive, date of sale... Gain on intercompany S412. Incidentally, the elminating enty (assuming books are akeady closed) would be os folows: eeeeeeeeezeeeee® (100% x P200) 200 Nom-cunent a886h rn ° seven 200 Ihe standard require the profi! on intragroup assets to be eliminated in ful. Only the group share of the profits of the subsidiary are taken fo group retained eamings. This because the patent sold the asset fo the subsidiary, This gain is not realzed from a group Perspective per PAS27 par. 21 and must be removed in ful. Tis profit would orgie have been recognized by the parent company. and so there is no impact on the non controling interest, who only have a stake in the subsiciory %.0, Fair valve adjustments under PERS 3 par. 36 not reflected in the books af the parent but it "Twust be ajusted for purposes of consoldation, Annual depreciation expense: Roel's depreciation: (P800 000 - Po|/8 yearn. P 100,000) ‘Mulcion’s depreciction: P4é0,000 /5. 32.000 Decrease... 28.000 ‘ADVANCED FINANCIAL ACCOUNTING & REPORTING —_ Final Pre-board Examination+44, 8- [P1200 + 900/2.0)} + (5.000 x (P2.60}] = P16.000 45,8 -1,000(°.60) + So0(P2.00) = P1600 464 47. C-P500,000~ (P400,000 P4000} = P104.000 48, C- 2,000 x (3.00 ~ P00) = P4000 4.0 50.c Sividonds dectored in 208 (P100,000 + P150,00). X ownership percentage. ann Dividend income... > winneh” —nueites aaa aint: —fitatcons gata Ey Hi ee ae aon nea eA a Risley 2c The eliminating enities are: 6.100% unrealized gain and restore the original book valve, date of sale, 1/1/2014: Gain on eale. fon ene €0, 000 Warehouse. 40,000 b. 100% realized gain thru depreciation, 12/31/2014: im Accunulated depreciation. 2,000 Depreciation expense (P40,000/20 years). 2,000 ‘The entry made in the books of Strata (Downstream Sales: Depreciation expense (P120, 000/20 yoars) ‘Accumulated deprectation.. 6, 000 * 6,000 The entry should be made in the books of Par {conect entry for purposes of consolation): Depreciation expense. rreaseaieet 47000 ‘Accumulated depreciation. z 4,000 Therefore, the depreciation appearing reduce it by P2,000. 53.8 Franchisee frequently purchases all of the equipment, products, and supplies from the franchisor. The franchisor would account for these sales as if it would be c product Sales. Sometimes. however, the franchise agreement grants the franchisee the right fo make bargain purchases of equipment or supplies after the intial iranchise feo is aid. ifthe bargain price is lower that the normal seling price of the same product, of it does not provide the franchisor the reasonable profit, then, a portion of the initia! franchise fee should be deferred. The deferred portion would be accounted for os diustment of the seling price when ihe franchisee subsequently purchases the: equipment or supplies. therefore, the amount of revenue would be F90.234 computed the books of Strata is overstated, so there's a need to as follows: id it = Sash | Noles Receivabie | Senices Yes Yes Period of Refund Yes Yes. Collectibity | Reasonably : ‘Assured oe P2506 08.234 Revenue. | ~Revenve except Status 3,000 reasonable rofi on sale of | equipment ‘ADVANCED FINANCIAL ACCOUNTING & REPORTING —_ Final Pre-boord ExaminationRe2A: Ine Review scnvor oF ACcOURTUNcy rage ¥ or 10 ‘A notional amount may be expressed in the number curency units, shores, bushels, ound or other units specified in the financial instrument, The P779,221 is the nafional amount of the forward contract, but has a far valve of PO on the day the foward agreement is signed, e.9. September 1, 20x7. In summary, there might be @ possibilty that notional amounts grossly overstate/understate both the for ‘valve ond the potential cash flows of the derivative, 6A FIFO Method Actual Work Done EP ~ Mat Work Done EP ~ CC 32, beginning 7, 500 Started in process 60,000 L500 1e, beg. F and 7 1,500 ° ° 508 Started, F and 7 65,000 1008 5,000 1008 ip, end 13,000 1008. 13,000, 70% Normal 3,100 108 1,300 1008 bnormal 9001008 900 1008, Hs00 30,900 Cost per equivatent unit: ‘Matertals: P120,000/80,000 = P1.50 Average Costing: Actual Work Done EP ~ Mat Work Done EP - co 3B, beotaning 7,500 Started in process 80,000 712500 F and T 72,500 1008725001008 72,500 3Py ond 13,000 1008 13,000, 708 94100 Normal i100 100812001008 1,100 Abnormal 900 1008, 900 1008 900 Eisoo recy Base Cost per equivalent unit: ‘Matertais: (P10,400 + P1.20,000)/87,500 = P1.49 65.0 7 Merchanaite: From HO Available for Sale, at cost (300,000 +P120,000 - P7,500)/1.2. Purchases from Outsiders. at cost. Merchandise available forsale at cos (net of retuims). em4250 The requirement of the problem is vague, but since there is no other answer available, cost of goods available forsale is assumed to be at cost, 66.8 FIFO Method Actual WorkDone &P-Mat Work Done EP CC. IP, beginning 7,500 . Started in process 130,000 as IP, beg.. Fand T 7,500 o ° oR, 4,500 Started, F and T 65000 100% 45,000 100% 65,000 Pend 13000 100% 13.000 70% 9.100 Normal V100 10K = 7,100,008 1.100 ‘Abnormat 900 100% 200 100% 200 500 ecco seo Cost per equivatent unit ‘Materials: P120,000/60,000 = P1.50 Conversion: P350,000/80,600" 4.34 Cost of in-process, ending: This department: Materials: P1.50 x 1,100 EUP. sn ‘Conversion costs: F434 9,100 UP... ‘ADVANCED FINANCIAL ACCOUNTING & REPORTING Final Pre-board ExaminationReSA ‘The Review School of Accountancy Sampaloc, Manila Financial Accounting and Reporting Final Pre-board solution April 16, 2018 a. Total debureenent 932,600 922, 000 Service charge - June © 14200) Suly 2,800 NSF ~ Juno «35,0001 Suly 6,000 oc ~ dune’ (288, 000) aly 300,000 Book erro ~ sine 43,000) ‘Suty 18,000 Bank erzoz ~ June (30,000) ‘duly 20,000) ___ Adjusted 957,600 57, 600 02. B 300,000 38~P 9,000 03. A 300,000 x 928 = 276,000 O88 Total goods available for eale - at retail 3, 460,060 Seles «3,360,050 ~ Inventory end at retail Etsoocog 5. D 3,000 + P8,000_ + 2,000 = Pie, oon 06. A PPE 300,000’ 150, 000 = 150,000 DE 54,000 - 27,000 = » 27,000 07. D Cost "2360, 000 Grant 50,000) Net 310,000 Salvage value 5,000) : Depreciable anount 2505, 000, Life + 8 years Depreciation/year Ean 08. 260,000 + 40,000 + 10,009 ~ 320,000 08. c Fatr value of note on January 2, 2018 (P600,000 x 2450, 788 Interest incore for 2018 (P450,780 x 108) 45,078 Anortized cost of note receivable as of Decenber 31, 7018 B495-B6T Interest income for 2019 495, 858 x 108, 43,587 Rnortizes cost 12/31/16 . Bias 10. 8 Total goods available 130,000 + 770,000 = Eotimated cost of sales 1,100,000 "100,000 x 75¢ Estimated inventory Inventory per accounting books Shortage 41. B 200,000 x .9009009009 » 11 = P29,620 Bic Beginning 64,000 Beginning 78,500 net sales 328,000 Ne 216,000 NP 321,500 End 7 ‘total 280,000 totai 400,000" Total 72, 000/400, 000 x 280,009 = 50,400 13. oD Fair value - Janvary 1, 2014 P20, 700, 600 Acquisitions 200,600, Be Financial Accounting and Reporting ~ FINAL PRE BOARD (35° batch) Paget os‘Actual carrying value P 5,000, 000 Impairment recovery (P7, 000,000 ~ P5,000, 000) 2.000, 000, Additional developrent cost. incurred +000, 000 Total »1!, 060, 900 Current year amortization Pi1,000,000/5 years a 21 200,000 Net carrying amount iy a9, 000 2. B 708 x 208 x 2,000,000 280, 000 Oe x 808 x 1,000,000 = 569,000 Total P40, 000, Adjustment factor 940,000 x 78 50, 800 ‘Total age, 600 Discount factor a Present value of provision FETT, 080 25. 8 Total earned SL and vi (5 + 12) x 30 employees 520 Less: used SL and VL 400 Unused 30 Dally wage xate P50 Liability for unused St and VL PAs, $00 26. 0c i: Note payable °3. 000,000 Leas: Per value of shares sssued (209,000 x 210) 2,000,000, Share Pranivn E000, 000 Less: Transaction Coss 80,009 Adjusted share preniun Eo Bota 21. a 28. 0 Book value 12/31/20 2, 129,260 Premium amortization fron 1/1/21 - 5/1/21: Intesest accrued 2,000,000 x 128 x 4/12 80,000 Interest expense 2,129,260 x 108 x 4/42 70,375; 9,025) Book value ae of 5/1/21 2, Book value of bonds retired 4 : Book value of remaining bonds 23. D Fair value Discount amortization (4,380,000 x 58 - 200,000) Amortized cost as of July 1/18 ~ * seni-annual effective rate Interest expense for the six-month ending 12/31/28 30. a Fair value of bonds at iseue 4, 621, 920 Bnortized cost as of 12/31/20 > 683,033 amortized cost ae of 12/31/22 4751, 323, Avortized cost of bonds converted 4,751,313 x is = 2, 375, 687 Garrying value of equity (4,800,000 ~ 45620, 920 x %) 89, 540 Total carrying value of compound inst rane 2465-197 Less: Par of shares iecued {2,$00,000/1000 x 160» rie) 2,500,000, oss fron conversion - charge against. ret fod earnicga EVOCTE ac Ratio Proceeds Transactioy Net Procseds Debt 37 P 9,700,000 P77, 600 3, 622, 400 Equity 38 300,000, 02 297, 600, Total soos © F000, 800 35,920,000 32. 8 ‘ cash rent for 2016 (P150,000 x 4) P 5,000) Gash rent for 2019 to 2022 (P187,500 x 4) 750,000, Totel cash rent 755,000 Cash incentive provided 5,000 Adjusted total cash rent for 5 years Pair 000 . Page 3 of 420, 23 25. 27, Eve Both projects A and B have a payback period of 2 years. December CGM: 30,000 + 10% (15,000) ~ 30% (30,000) = 22,500 xP 125 Capital Asset Pricing Mode! (CAPM) based on page 3 of MAS Module 4: Ke Ker (Ky Ke) B= 9% + (15% - 9%) 0.8 13.8% 9"compared against 13% 329a (50) + 94% (55) 11.65 (1.06) + 36] + 6% (3.50 + 48) + 89% (8.00 = 48) + 0% Praject B Is preferred based on discounted techniques (ie., early receipts of more funds). Y= 100,000 (5} + (2,200,000 + 100,000) x 5. Common equity ratio! 235 M+587.5 M = 40% ‘New common equity: (40% x 100 M) ~ 25M Total (2 units): 10 + 8 = 18 hours Learning rate eases on overage): 9 + 10 = 90% Palletis) Average TOTAL Funit 10 10 2 units 9 18 units 8.1324 Bunts 7.29 $8.32 P 80 Costs to make: 42. = 2+ 20 + 10 + (50,000* + 5,000) Costs to buy: 44 “Opportunity cost base on avoidable FFOH ‘Barbie: 80,000 (300 = 800) = P 30,000 Ken: 120,000 (400 + 800) = P 60,000 Based an higher R2 of 0.63 (number ey hos) 764,50 + 864.98 X Productivity factors are most useful in performance evaluation if based on actual ‘amounts rather then budgeted figures. ‘Target PV factor for 15 years: 340,545 + 50,000 = 6,8109 MAS Final Pre-Board Examinations (Batch 35 ¢ May 2018 batch SOLUTIONS and CLARIFICATIONS to selected items 32. Net_Cash Flows: (42,000 - 28,500) 60% + 28,500 = 36,600 PV, Cash IN: 36,600 (6.1446) + 15,000 (0.3855) = 230,675 (rounded) PV, Cash OUT: 300,000 NOTE: loan repayment schedule is irelevant as {fas 08 NPV is concerned. 43. 300,000 (3.0373) = 911,208 (tn runing errs) 34. Net income: 103,000 ~ (240,000/5) = 55,000 ‘ARR: 55,000 + (250,000 + 25,000) 35, Average Investment: (275,000 + 35,000*) + 2 = 155,000 ending balance = 10,000 + 25,000 ‘ARR: 55,000 + 155,000 = 35.48% BONUS ITEM: closest answer would have been choice A based on 36%. 36, Al choices are considered as prevention costs ‘except for product testing (appraisal costs). 41. Current profit: (360 - 280) 100,000 = 8 “Target costs: (300 ~ X) 110,000 = 8 M 43. DM Variance = MPV + (MMV + MYV) 1,180 U = 1,600 U + (MMV + 1,940 U) 44, Usual mistake is choice D. Materials management tools like £0Q aiso applies to retail organizations, .but not for labor cost management. 45. Residual income: (20% ~ 1896) 1:5M = 30,000 Bonus: 50% (30,000) 447, Baguio: 60% (100) + 40% (0) = 60 ‘Tagaytay: 80% (70) + 20% (40) = 64 449, Sales price variance: 14,000 (10.5 - 10) 51. 10% x 10% = 100% > 13% x B% = 104% ‘52. 22,000 (20 = 50) 553, 100,000 (12,500 = 20,000) ‘54. Carburetors: 45,000 (7,500/20,000) = 16,875 536. Gemand: P = 1,000 ~ 10 (20) =P. 800 * Supply: P= 400 + 20 (20) = P-800 59. Age, Inventory: 95 + 25 ~ 40 = 80 days Inventory turnover: 360 + 80 days 51, AR turnover: 165,000 = 41,250 = 4x Inventory turnover: 324,000 + 45,000 = 7.2 Operating cycie: (360/4) + (360/7.2) 163. Costs (Cash OUT): "800,000 Savings (Cash IN): 69,000 + 200,000 (1 ~ 0.35) (66, Early collections: 900,000 (7 ~ 4) = 2.7 M Opportunity cost: 58% (2.7 M) = 135,000 Maximum monthly charge: 135,000 + 12 mos, 67, Trade credit: (2/98) x (360/50) = 14.69% Loan EAR: (3,300/220,000) x (360/30) = 18% 68. £0Q = Square root of [2 (10,000) 90 + 20% (100)] = 300 units Number of orders: 10,000 + 300 = 33.33 Frequency: 50 weeks + 33.33 = 1.5 weeks 69, A: 12/90 = 13.33% 8: 11/89 = 12.36% €: 9/71 = 12.68% D: 10/88 » 11.36% 70. Since ail sales are based on @ 30-day term 250,000 + (100% - 4% ~ 15%) MAS Pre-week Lecture: 04 May 2018 (Friday) | SSfop k= 25-00 AM AM & PH session IMPORTANT: "No ID, No Entry” policy shall be strictly enforced during pre-week lectures. Pleate be reminded accordingly.