Directions: Solve the given problem. Show complete solution. 7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount. When he got back to Peňablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00 cach. How much profit did Carl gain?

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
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Chapter11: Investment Planning
Section: Chapter Questions
Problem 1FPE: CALCULATE AMOUNT TO INEST TO MEET OBJECTIES. Use Worksheet 11.1. Mary Bender is now employed as the...
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ENTREPRENEURSHIP_LAS_2nd-C x
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Directions: Solve the given problem. Show complete solution.
7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount.
When he got back to Peñablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00
each. How much profit did Carl gain?
8. 2. A watch owner sold a total of 1,000 watches for P1, 000 each for the month of January. He bought
those watches from a supplier at P400 each. The business paid utilities amounting to P40, 000,
miscellaneous P30, 000, internet connection P10, 000 and interest expense of P50, 000 for January.
How much is the profit/ loss for the period?
Exercise #2: PROFITABILITY RATIO
Directions: Compute for the profitability ratios. Show complete solution.
HAKDOG CORPORATION
INCOME STATEMENT
For the period ended January 2021
P 500, 000
Net Sales
150, 000
PXXX
100, 000
Р XXX
Less: Cost of Goods Sold/ Cost of sales
Gross Profit
Less: Operating Expense
Operating Profit
Less: Finance Cost
Profit
50, 000
Р XXX
Compute for:
A. Gross Profit Margin
B. Operating Profit Margin
C. Net Profit Margin
Activate Windows
Go to Settings to activate Windows.
6:39 PM
P Type here to search
Hi
31°C Mostly cloudy
11/30/2021
Transcribed Image Text:ENTREPRENEURSHIP_LAS_2nd-C x + O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf ... (D Page view A Read aloud O Add text | V Draw 9 Highlight O Erase 18 of 29 Directions: Solve the given problem. Show complete solution. 7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount. When he got back to Peñablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00 each. How much profit did Carl gain? 8. 2. A watch owner sold a total of 1,000 watches for P1, 000 each for the month of January. He bought those watches from a supplier at P400 each. The business paid utilities amounting to P40, 000, miscellaneous P30, 000, internet connection P10, 000 and interest expense of P50, 000 for January. How much is the profit/ loss for the period? Exercise #2: PROFITABILITY RATIO Directions: Compute for the profitability ratios. Show complete solution. HAKDOG CORPORATION INCOME STATEMENT For the period ended January 2021 P 500, 000 Net Sales 150, 000 PXXX 100, 000 Р XXX Less: Cost of Goods Sold/ Cost of sales Gross Profit Less: Operating Expense Operating Profit Less: Finance Cost Profit 50, 000 Р XXX Compute for: A. Gross Profit Margin B. Operating Profit Margin C. Net Profit Margin Activate Windows Go to Settings to activate Windows. 6:39 PM P Type here to search Hi 31°C Mostly cloudy 11/30/2021
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