Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. O a. OMR 56000 O b. OMR 64000 O c. OMR 60000 O d. OMR 70000

Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. O a. OMR 56000 O b. OMR 64000 O c. OMR 60000 O d. OMR 70000

Name: Calculate net profit from the following? Net sales OMR 100000, Cost o
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000,Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR8000.O a. OMR 56000O b. OMR 64000O c. OMR 60000O d. OMR 70000

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...

See similar textbooks

Similar questions

Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. a.OMR 60000 b.OMR 64000 c.OMR 70000 d.OMR 56000
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
Calculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 30000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000.
Compute total income from the following? Net Sales OMR 50000, Cost of goods sold OMR 20000, Dividend received OMR 5000, Insurance paid OMR 2000, Depreciation OMR 2000 and Commission received OMR 1000. a. OMR 36000 b. OMR 27000 c. OMR 33000 d. OMR 43000
1-What will be the total operating expense? a.41200 b.53200 c. 19700 d. 21500 2-What will be the net income? a. 56000 b. 338000 c. 16000 d. 72000 3-What will be the total Selling and distribution expense? a. 41200 b. 17200 c. 19700 d. 14800 4-What will be the Gross Profit at the end of the year December 2019 a. OMR 338,000 b. OMR 16000 c. OMR 336,000 d. OMR 56000 5-What is the Gross Margin in terms of Percentage? a. Cannot be determined b. 20.66 c. 16.66 d. 16.56
Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission received OMR 4000 and Dividend received OMR 2000.
From the following information, calculate Net Profit (Loss) Sales RO 40520 Cost of the goods sold RO 21400 Salaries Expense RO. 18000 Electricity Expense RO. 1900 Depreciation Expense RO. 2200 Bank RO. 9100 Computer RO 6700 Dividend income RO 970 Select one: O a. RO (2010) O b. RO (19120) O. RO (17090) O d. RO 2010
Calculate net profit Details Debit(OMR) Credit(OMR) General expenses 11700 Prepaid Rent 5100 Cost of goods sold 99700 Salaries 9300 Depreciation 1560 Account Payable 3575 Net Sales 150000 Other income 2500 Select one: a. OMR 34715 b. OMR 30240 c. OMR 39815 d. OMR 31140
If the amount of net sales is RM23,000, net purchase is RM10,000 and the cost of sales is RM2,450, determine the amount of gross profit/loss. A. Gross profit RM20,550 B. Gross loss RM20,550 C. Gross profit RM10,550 D. Gross loss RM10,550
Whencash 5000, net sales 185000, general utilities OR 2100, Rent expense OR 190, cash OR 2750, furniture OR 4500 , gross profit OR 42500 and general income OR 3260.The net profit is: Select one: a. 49720 b. 46970 c. 39210 d. The correct answer not available
here are the choices: what is the gross profit: a. 241000 b. 151000 c. 141000 d. none e. 177000 how much is the operating expense? a. none b. 141000 c. 151000 d. 241000 e.177000 How much is the operating income? a. 136150 b. none c. 124450 d. 130950 e. 137450