ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 4400 ACC REC. I3L400 12700 MERCHANDISE INV 92.200 ,100 PREPAID 3,700 4100 INSURANCE OFFICE SUPPLIES 6200 4000 TOTAL CURRENT ASSETS LAND 154.000 1540 BUILDING 231,700 237.000 FIXTURES 23.900 21,400 VEHICLES 55,100 000 COMPUTERS 16,00 13.000 TOTAL NON- CURRENT ASSETS TOTAL ASSETS ACCOUNTS 51.500 55,700 PAYABLE

ACCOUNT 2003 2002 CHANGE IN PERCENTAGE AMOUNT CASH 40,200 4400 ACC REC. I3L400 12700 MERCHANDISE INV 92.200 ,100 PREPAID 3,700 4100 INSURANCE OFFICE SUPPLIES 6200 4000 TOTAL CURRENT ASSETS LAND 154.000 1540 BUILDING 231,700 237.000 FIXTURES 23.900 21,400 VEHICLES 55,100 000 COMPUTERS 16,00 13.000 TOTAL NON- CURRENT ASSETS TOTAL ASSETS ACCOUNTS 51.500 55,700 PAYABLE

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses…
Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********
E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
2.62 For the period 2001–2008, the Bristol-Myers Squibb Company, Inc. reported the following amounts (in billions of dollars) for (1) net sales and (2) advertising and product promotion. The data are also in the fi le XR02062. Source: Bristol-Myers Squibb Company, Annual Reports, 2005, 2008. Year Net Sales Advertising/Promotion 2001 $16.612 $1.201 2002 16.208 1.143 2003 18.653 1.416 2004 19.380 1.411 2005 19.207 1.476 2006 16.208 1.304 2007 18.193 1.415 2008 20.597 1.550 For these data, construct a line graph that shows both net sales and expenditures for advertising/product promotion over time. Some would suggest that increases in advertising should be accompanied by increases in sales. Does your line graph support this?
Home office BranchSales P 365,000 P174,000Shipment to branch 90,000Purchases from outsiders 220,000 35,000Advertising expense 13,700 2,500Salaries and Commission 35,000 9,500Rent Expense 10,000 2,000Miscellaneous expense 3,300 500Shipment from home Office 112,500Inventories, January 1:Home Office 85,000Branch:From outsiders 9,500From home office at 2018 billed price30,000Inventories, December 31:Home Office 65,000BranchFrom outsider 6,500From Home office at 2018 billed price30,0001. The branch inventory at cost on December 31, 2021 is:a. P30,500 c. P70,000b. 31,500 d. 36,5002. The combined net income of the Home Office and the Branch on December 31, 2021 is:a. P111,000 c. P250,500b. 63,000 d. 174,000
what does the percentages mean in vertical analysis? Year 4 % of Sales Year 3 % of Sales Assets Current Assets Cash $ 40,000 6.67 $ 36,000 6.67 Marketable Securities 20000 3.33 6000 1.11 Accounts Receivable 54000 9.00 46000 8.52 Inventories 135000 22.50 143000 26.48 Prepaid Items 25000 4.17 10000 1.85 Total Assets current 274000 45.67 241000 44.63 Investments 27000 4.50 20000 3.70 plant net 270000 45.00 255000 47.22 Land 29000 4.83 24000 4.44 Total Assets $ 600,000 100.00 $ 540,000 100.00 Liabilities and Stock equity Liabilities Current Liabilities Notes payable $ 17,000 2.83 $ 6,000 1.11 Accounts payable 113800 18.97 100000 18.52 salaries payable 21000 3.50 15000 2.78 Total current liabilities 151800 25.30 121000 22.41 Noncurrent liabilities…
Income Statement 2009 2010 2011 2012 2013 Revenue 393.3 366.3 428.6 513.7 599.2 Cost of Goods Sold (186.6) (175.8) (205.3) (248.6) (292.6) Gross Profit 206.7 190.5 223.3 265.1 306.6 Sales and Marketing (67.2) (65.8) (82.5) (102.9) (122.5) Administration (59.3) (59.1) (60.2) (67.6) (77.8) Depreciation & Amortization (27.5) (26.7) (36.2) (39.6) (39.2) EBIT 52.7 38.9 44.4 55 67.1 Interest Income (Expense) (34.7) (31.1) (32.9) (38.5) (37.6) Pretax Income 18 7.8 11.5 16.5 29.5 Income Tax (6.3) (2.7) (4.0) (5.8) (10.3) Net Income 11.7 5.1 7.5 10.7 19.2 Shares Outstanding (Millions) 55.5 55.5 55.5 55.5 55.5 Earnings per Share $0.21 $0.09 $0.14 $0.19 $0.35 Balance Sheet 2009 2010 2011 2012 2013 Assets Cash 47.4 66.7 92.8 79.1 89.3 Accounts Receivable…
How do you calculate the TTM? Particulars 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TTM Sales ₱ 32,067.00 ₱ 35,422.00 ₱ 70,881.00 ₱ 95,519.00 ₱ 122,128.00 ₱ 165,654.00 ₱ 188,793.00 ₱ 232,834.00 ₱ 263,159.00 ₱ 273,046.00 ₱ 269,693.00 ₱ 294,619.00
Description FY10 FY11 FY12 FY13 FY14 Financial Statements GBP m GBP m GBP m GBP m GBP m Income Statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest & taxes (EBIT) 844 700 704 933 1,579 Net Interest Payable (80) (54) (98) (163) (188) Taxation (186) (195) (208) (349) (579) Miniorities (94) (99) (105) (125) (167) Profit for the year 484 352 293 296 645 Balance Sheet Fixed Assets 3,510 3,667 4,758 10,431 11,483…
7.The following data were available for ABC Corp at Dec 31, 20X2:Net purchases P345,000Inventory, Dec 31 P11,000Gross Sales, 446,250Sales returns, P10,000Gross profit is 25% of costHow much was the cost of sales during the year? 109,063 111,563 349,000 357,000
Net sales OR 156000 Cost of the goods sold OR 99700 Details Debit. Credit General expenses 11700 Furniture 5100 Salaries. 9300 Depreciation. 2000 Account payable. 3575 Dividend revenue 2500
Question 1The following information was extracted from the financial statement of Barryfor the year ended 31 December 2020. RMSales 437,500Opening inventories 17,500Closing inventories 26,250Cost of sales 262,500Other income 3,750Expenses 61,250Current liabilities 47,250Trade receivables 39,375Bank 8,750Cash 31,500Required:(a) Show the formulae and compute the value of the following for Barry:(i) Purchases(ii) Gross profit(iii)Net Profit