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The balikbayan box is a modern manifestation of the Philippine custom of pasalubong, where domestic or foreign travelers are expected to bring gifts for family, friends and colleagues. [citation needed] Balikbayan boxes provide connection between family in the Philippines and those abroad, and provide goods for the family in the Philippines. [7]
Pasalubong can range from ordinary sweets (like chocolates), [18] regional delicacies, to imported confectionery goods. They can also be other items like clothing, accessories, novelty items, ornaments, handicraft items, artwork, and toys, among others. [19] They can even be ordinary things that may be hard to acquire in a given region. [3]
She buys machines A and B for 10 each, and later buys machines C and D for 12 each. All the machines are the same, but they have serial numbers. Jane sells machines A and C for 20 each. Her cost of goods sold depends on her inventory method. Under specific identification, the cost of goods sold is 10 + 12, the particular costs of machines A and C.
Pursuant to the Executive Order No. 94 of Republic Act No. 52, the President of the Philippines reorganized the different departments, bureaus, offices and agencies of the government of the Republic of the Philippines. Consequently, the Insular Collector of Customs was changed to Collector of Customs for the Port of Manila.
Balikbayan may refer to: Overseas Filipinos; Balikbayan box, a corrugated box containing items sent by overseas Filipinos This page was last edited on 12 ...
In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory.
Along with the opening of its US-based branch, the company introduced the famous “Balikbayan Box” [2] and their money remittance service to cater to Overseas Filipino Workers (OFW). The moniker "Hari ng padala" (lit. transl. "King of Delivery") was created by the company in 1990. Products such as Branch Pick-up and Bills Payment were added ...
Balikbayan [16] — A Filipino returning to the Philippines after spending time in another country. Balikbayan box [ 5 ] [ 3 ] — A carton shipped or brought to the Philippines from another country by a Filipino who has been living overseas, a balikbayan, typically containing items such as foods, clothing, toys, and household products.
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