EL CC CORPORATION MONTHLY SALES REPORT - MARCH Emp No. S101 Sales Amount PHP 2,500.00 Comission Total Salary Salary PHP 12,000.00| PHP 11,500.00 PHP 12,500.00| PHP 10,000.00 PHP 8,500.00 PHP 9,000.00| Name ? PHP 3,000.00 PHP 2,200.00 PHP 1,800.00 PHP 1,700.00 PHP 3,100.00 Juan ? S105 Alex ? S112 S107 S110 S103 Jamie ? Alice Ryan ? Peter Totals
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- Income Statements for the Year Ended 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 Sales revenue 8,320 11,250 Cost of sales (6,020) (9,030) Gross profit 2,300 2,220 Operating expenses (1,048) (1,535) Operating profit 1,252 685 Finance charges (20) (70) Profit before tax 1,232 615 Taxation (62) (30) Profit for the year 1,170 585 SOFP (Balance Sheet) as at 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 £'000 £'000 Non-current assets 502 198 Current assets Inventory 1,290 2,437 Trade receivables 730 1,990 2,020 4,427 Total assets 2,522 4,625 Equity Share capital 1,350 800 Reserves 580 1,145 1,930 1,945…Income Statements for the Year Ended 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 Sales revenue 8,320 11,250 Cost of sales (6,020) (9,030) Gross profit 2,300 2,220 Operating expenses (1,048) (1,535) Operating profit 1,252 685 Finance charges (20) (70) Profit before tax 1,232 615 Taxation (62) (30) Profit for the year 1,170 585 SOFP (Balance Sheet) as at 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 £'000 £'000 Non-current assets 502 198 Current assets Inventory 1,290 2,437 Trade receivables 730 1,990 2,020 4,427 Total assets 2,522 4,625 Equity Share capital 1,350 800 Reserves 580 1,145 1,930 1,945…Income Statements for the Year Ended 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 Sales revenue 8,320 11,250 Cost of sales (6,020) (9,030) Gross profit 2,300 2,220 Operating expenses (1,048) (1,535) Operating profit 1,252 685 Finance charges (20) (70) Profit before tax 1,232 615 Taxation (62) (30) Profit for the year 1,170 585 SOFP (Balance Sheet) as at 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 £'000 £'000 Non-current assets 502 198 Current assets Inventory 1,290 2,437 Trade receivables 730 1,990 2,020 4,427 Total assets 2,522 4,625 Equity Share capital 1,350 800 Reserves 580 1,145 1,930 1,945…
- Oreo reported the following for the period:Sales P1,000,000Cost of Sales P300,000Operating expenses P100,000Determine the OSD assuming that Oreo is a corporationUse the information below provided by Angel Baby Angel Company Sales 8,250,000.00 Operating costs 4.725,000.00 Operating income 3,525,000.00 Interest expense 1,750,000.00 Earnings before taxes 1,775,000.00 Taxes (40%) 621,250.00 Net income 1,153,750.00 WACC 8%, Total invested capital 24.875,000. Calculate the EVA (2 decimal places)Agency XYZ collected the following income during the month: Income Taxes – Individual, P500,000; Income Taxes – Corporation, P1,800,000; Permit Fee, P400,000, Processing Fee 8,000, Rent Income 15,000 and Import Duties 400,000. The salary of the employees collecting these income amounts to P48,000. How much is the Total Service and Business Income collected?
- (a) You are required to calculate and state the missing figures represented by alphabet . ABC Ltd Ghs ‘000 XYZ Ltd Ghs ‘000 Turnover 8,030 7,300 Cost of sales 4,818 J Stocks 1,800 1,392 Bank 40 238 Trade creditors A 370 Accruals 100 120 Gross profit B K Gross profit Margin % C 42% Distribution costs 1,606 1,320 Admin expenses 600 480 Debtors D 800 Net current assets E L Operating profit 1,006 1,266 Interest 200 200 Net Profit F M Net Profit Margin % G N Plant and machinery 4,000 3,960 Ordinary shares of Ghs1 900 900 Retained profit 3,120 O 10% debenture 2,000 2,000 Current assets H 2,430 Current liabilities 1,100 P Equity I 3,500Capital 1 January 2019 350 000 Drawings 20 000 Sales (70% on credit) 950 000 Gross profit 250 000 Total expenses 80 000 Bank favourable 26 000 Net profit 74 000 Trade creditors 26 000 Property, plant and equipment 350 000 Fixed deposit 20 000 Inventory 72 000 Trade Debtors 80 000 Mortgage Loan 100 000 Calculate the following ratios and explain what each ratio means in relation to the industry average given in brackets. Show your calculations as marks will be awarded for these. Round off to 2 decimal places. Q.2.1.4 Current ratio (2:1).P&L Acc. for accountant in 31/12/2020 Expenses Revenues Salaries 30,000 Office revenues 30,000 Rent exp. 20,000 Auditing revenues 10,000 Office exp. 10,000 Other exp. 20,000 Total expenses 80,000 Net loss
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