here are the choices:what is the gross profit:a. 241000b. 151000c. 141000d. nonee. 177000how much is the operating expense?a. noneb. 141000c. 151000d. 241000e.177000How much is the operating income?a. 136150b. nonec. 124450d. 130950e. 137450 Question 6Refer to the following given information.The cost of inventory sold to customer$4220,000Advertising expenses$25,000Administrative salary expenses$480,000Issued common stock$475,000Interest income$10,000Insurance expense$44,000Research and development costs$22,000Dividends paid$15,000|Тах еxpense35%Rent expense$12,000Loss from closing a shop$48,000Accrued expenses$411,000Sales price of goods provided to customers$450,000Loss on the sale of a building$426,000Gain that is both unusual and infrequent$490,000 What is the gross profit?none of thHow much is the operating expense?(Select ]How much is the operating income?(Sselect]How much is the tax expense?[ Select][ Select]How much is the net income?

Ratio analysis: Ratio analysis is a tool that establishes a relationship between the different…

Refer to the following given information. The cost of inventory sold to customer 220,000 Advertising expenses 25,000 Administrative salary expenses 80,000 Issued common stock 75,000 Interest income 10,000 Insurance expense 4,000 Research and development costs 22,000 Dividends paid 15,000 Тах еxpense 35% Rent expense 12,000 Loss from closing a shop 8,000 Accrued expenses 11,000 Sales price of goods provided to customers 450,000 Loss on the sale of a building 26,000 Gain that is both unusual and infrequent 24 90,000 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24

Refer to the following given information. The cost of inventory sold to customer 220,000 Advertising expenses 25,000 Administrative salary expenses 80,000 Issued common stock 75,000 Interest income 10,000 Insurance expense 4,000 Research and development costs 22,000 Dividends paid 15,000 Тах еxpense 35% Rent expense 12,000 Loss from closing a shop 8,000 Accrued expenses 11,000 Sales price of goods provided to customers 450,000 Loss on the sale of a building 26,000 Gain that is both unusual and infrequent 24 90,000 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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QOLUTION TANT & T0 mana The general ledger of the Culinary Plate's Food Company provides the following information: Accounts Receivable Inventory Accounts Payable End of Beginning of Year Year $ 65,000 $ 84,000 350,000 200,000 40,000 65,000 The company's net sales for the year were $2,200,000 and cost of goods sold amounted to $1,750,000. REQUIRED: Calculate the following (Show calculations): (a) Cash receipts from customers (b) Cash payments to suppliers
Beginning inventory 32 000 Cost of goods sold 404 000 Ending inventory 45 000 Net icome 28 000 Net sales 750 000 Operating expenses 220 000 Sales revenue 765 000 Compute each of the follwoing ratios Gross profit rate Inventory turnover Days in inventory Profit ma
Suppose have The Following infarmasion you Cost Per unit units Po tar Beguing inventory 200 lo Purchases s 5600 14 Feb. 15 400 b,800 17 Jan. 2 400 9000 18 sep. 12 5.. 155 0s 21 Dec. 2 48,000 1,600 30 Sales 12,000 30 400 oPerah ng exp * Prepare Compar tive income statment under [ fi Fog Lifo, weighted average I A ssume company is subject that the to 30% income tax rare
I. Compute the peso amount of each item indicated by a letter below: (8 points) Beginning Net Inventory Ending Purchases Inventory Sales 1.)175,000 2.) d. 62,000 3.) 280,000 72,000 4.) 440,000 90,000 a. 85,000 e. 217,000 i. 60,000 68,000 f. Cost of Gross Sales Profit b. 158,000 g. 110,000 j. Operating Expenses 90,000 110,000 90,000 100,000 k. C. h. 170,000 Net Income (Loss) 62,000 20,000 (51,000) 90,000
A trial balance contains the following:$Opening inventory 1,000Closing inventory 2,000Purchases 10,000Purchases returned 200Carriage inwards 1,500Prompt payment discounts received 800What is the cost of sales figure?A $8,800B $9,500C $10,300D $12,300
Adjustments for a Merchandising Business: Perpetual Inventory System with Sales Returns and Allowances A partial Trial Balance for Curless Company as of December 31, 20-- is shown. Curless Company Partial Trial Balance For Year Ended December 31, 20-- ACCOUNT TITLE DEBIT BALANCE CREDIT BALANCE Merchandise Inventory 150,000.00 Estimated Returns Inventory 500.00 Customer Refunds Payable 650.00 Sales 425,000.00 Sales Returns and Allowances 18,000.00 Cost of Goods Sold 288,000.00 Curless has made the following estimates for next year: • Sales made this year of $7,800 will be returned next year and customers will be granted full refunds. • The estimated cost of the inventory sold this year and expected to be returned by customers next year is $5,900. Open T accounts and enter the balances for the above accounts. Make appropriate adjustments to the T accounts. For grading purposes use the labels shown. TB Trial balance (beginning balance) ATB Adjusted trial balance (ending balance) (1)…
YE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holon
The following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000
Exercise ER The Income statement of Vince Gill Company Is shown below. VINCE GILL COMPANY INCOME STATENENT FOR THE YEAR ENDED DECENBER 31, 2020 $6,900,000 Sales revenue Cost of goods sold Purchases uauanur Bபrப்பம்Sg: 000 0000 Goods available for sale 6,300,000 Ending Inventory Cost of goods sold 4,700,000 Gross profit Operating expenses Selling expenses Administratve expenses ఈ50,000 700,000 1,150,000 $1,050,000 Net Income. Additional Information: 1. Accounts recelvable decreased $360,000 durIng the year. 2. Prepald expenses Increased S170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased S275,000 during the year. 4. Accrued expenses payable decreased $100,000 durIng the year. 5. Administrative expenses Include depredatlon expense of $60,000. Prepare the operating activities secton of the statement of cash flows for the year ended December 31, 2020, for Vince Gill Company, using the Indirect method parenthesis e.g. (15,000 VINCE GILL COMPANY Statement of…
Question 18 and 19: Presented below is information related to Carnation with, Incorporated: Cost P 250,000 898,500 60,000 18,000 Retail P 390,000 1,460,000 80,000 Inventory, January 1, 2015 Purchases Purchase returns Purchase discounts Sales (net of 2% discounts) Sales returns 0- -0- -0- 80,000 1,234,800 95,550 -0- Freight-in 18. Assuming that Camation, Inc, uses the average retail inventory method, how much would be the cost of its ending inventory at December 31, 2015? 19. Assuming that Carnation, Inc. uses the FIFO retail inventory method, how much would be the cost of its ending inventory at December 31, 20157
16. Given the following information, calculate the gross margin %: Cost $144,900.00 $345,000.00 Retail opening inventory gross purchases $101,200.00 $220,000.00 returns to vendors $11,500.00 $25,000.00 $2,000.00 freight additional markup $3,000.00 $2,000.00 CMU = net transfers out $9,200.00 %3D total merch handled cost % = net sales $275,000.00 markdowns $35,000.00 markdown cancellations $5,000.00 employee discounts $3,000.00 total retail deductions closing book inventory gross cost of merch sold $2,500.00 $6,000.00 alterations costs cash discounts net cost of merch sold gross margin $ gross margin %
A Moving to another question will save this response. Question 14 You are given the following infomation about LM Company Beginning inventory $210.000 Net purchases 600,000 Net sales 900,000 Gross profit percentage of sales 30% Using the gross profit method, the estimated ending inventory is OA $450,000 O B. 5630,000 OC $810,000 D.S100.000

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