Qe/ from the following tralasaction, prepar income StatementSales reven uetinished Goods V 50006 Net purchoses loo00rent expenses250 000returns sales lo o00So00rent revenue 30ooadministrutive Expensese 2e00 Sales salaries loooDepreriationother expensesetax incometooo+5006 finished goads 344 7o00 .tooo

Preparation of income statement are as follows

2/trom the following tralasaction, prepar income Statemant sales reven ue tiaished Goods 5000 Net purchases 250 000 Yeturns saes lo o00 rent expenses So00 6 rent revenue 300o administrudive Expensee 20.of Sales salaries loo. Depresiation other expensese soo 6 finished goads 347000 · taxincome Looo tooo

2/trom the following tralasaction, prepar income Statemant sales reven ue tiaished Goods 5000 Net purchases 250 000 Yeturns saes lo o00 rent expenses So00 6 rent revenue 300o administrudive Expensee 20.of Sales salaries loo. Depresiation other expensese soo 6 finished goads 347000 · taxincome Looo tooo

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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Calculate net profit from the following? Net sales OMR 50000, Cost of goods sold OMR 20000, Rent received OMR 10000, Salaries OMR 5000, Insurance OMR 3000 and Depreciation OMR 4000. a. OMR 28000 b. OMR 32000 c. OMR 30000 d. OMR 35000
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Given the following information:SalesFixed ExpensesVariable Expensess5,0002,0001,750What would expected operating profit be if the company experienced a 10% increase in fixedcosts and a 100/0 increase m sales volume? a) $1,375. b) $1,550. c) $1,250. d) $1,750.
If the gross profit is P5,000 and the net profit is 25% of the gross profit. What are the expenses?a. P3,750b. P1,250c. P4,150d. P6,250
A Trading has a total sales of P 98,800; sales return is P 5,400; cost of good sold is P 8,490; Salaries and wages P 12,000, rent is 10,600; light and water expense P 7,550.25. ; miscellaneous expense are P 9,350. Find a) gross profit b) net profit or net loss
.Calculate the gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return inwards OMR 2000.,Return outwards 5000, Purchases 5000 a. OMR 8000 b. OMR 5000 c. OMR 10000 d. OMR 15000
Use this information to Prepare a multiple-step income statement with earnings per sharedisclosure Denver Co. 12/31/2022 Debits CreditsPartial Trial Balance DataSales revenue 700,000Interest revenue 60,000Salary payable 15,000Gain on sale of land 110,000Patent 15,000Supply inventory 25,000Cost of goods sold 500,000Salary expenses 150,000Common stock 250,000Retained earnings 150,000Cash 250,000Office expense 100,000Denver's business segment, Division A, was sold at a pretax loss of 25,000 on July 1, 2022. Ithad earned a $13,000 pretax operating income from January 1, 2022 to the disposal date. Denverhad 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet beenaccrued. The effective tax rate is 30%. dont give me handwritten answers thank you