Exercise 1-7 Determining profit LO6 Profit (loss), owner withdrawals, and owner investment cause equity to change. profit (loss). Using the following information, calculate profit (loss) for each indep a. The business earned revenues of $546,000 and had expenses of $507,000.
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- Q3) A. The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 1) Sales required to earn a profit of $25,000 2) Profit when sales are $200,000Q3) A. The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 4) Break Even Point in dollars sales 5) Sales required to earn a profit of $25,000 6) Profit when sales are $200,000Required A Required B Required C Compute RSB&T's operating profits. Operating profit Compute the profit from Customer A and Customer B, assuming that customer costs are based only on deposits. Interest costs = {{0.5:#,##0.00}} percent of deposits; operating costs are 4 percent (= $19,500,000/$487,500,000) of deposits.(Do not round intermediate calculations. Round your answers to 2 decimal places.) Profit Per Customer Customer A Customer B Compute the profit from Customer A and Customer B, assuming that customer costs are computed using the information in the activity-based costing analysis. (Do not round intermediate calculations. Round your answers to 2 decimal places. Loss amounts should be indicated by a minus sign.) Customer A Customer B Sales revenue Interest on deposit Total operating cost Customer…
- A) Profit / Loss = Revenues - Expenses 11.500 ( Profit ) , 33.500 ( Loss ) B) Owners Equity = 611.500 C) Cash Flow Operating cash flow activities (0) Investıng " " " (270.00) Financial " " " 400.000 Ending cash 130.000 D) ROA = 0.013 ROE = 0.018 CURRENT RATIO = 3.36 DEBT RATIO = %26 Evaluate the financial situation and financial performance of your company. Use all the above answers A to D, you prepared. Do you have suggestions for the next year?Q No. 3 Ladders, Inc. has a net profit margin of 5% on sales of $50 million. It has book value of equity of $40 million and total liabilities with a book value of $30 million. a. What is Ladders’ ROE? ROA? b. Verify the DuPont Identity for Ladders, Inc. ROE.Q3) A. The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods.
- Marked out of 20.00P Flag questionusing the income summary account for the month ofSiren MarketingAdjusted Trial BalanceMay 31, 2022Account TitleCashDebitCredit$8, 600Accounts Receivable$2, 500Prepaid Insurance$2,700 Accounts PayableUnearned RevenueKirk, Capital$1, 200$1, 800$5, 880Kirk, Withdrawals$1,600Service Revenue$8, 620Advertising Expenselnsurance ExpenseRent Expense Total$790$450$860$17,500 $17,500No comma or dollar sign should be included in the imput icklPrepare the closing entries in the proper order. For transactions that have more than 1 debit or more than 1 deditDebitAccount Title and Explanation Date May 31Multiple-Choice Question 1. A Company reported profit of $15,000 and a profit margin of 6%. It's gross profit margin was 25%. Cost of Goods Sold was: a) $48,000 b) $62,500 c) $187,500 d) $60,000 Please explain and show steps please.Q. 1 Y3K, Inc. has sales of $7425, total assets of $3,500, and a debt-equity ratio of 0.29. Assume the return on equity is 20% What is the net income? (DO NOT round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Step 1 Given information, Sales =$6,209 Total assets=$2,825 Debt-equity ratio(D/E)=1.10 Return on equity =11% arrow_forward Step 2 Return on equity(ROE) = (Profit margin)(Total asset turnover)(Equity multiplier) = (Profit margin)(Sales / Total assets)(1 + D/E) Therefore, Profit margin = [(Return on equity)(Total assets)] / [(1 + D/E)(Sales)] =[0.11*2,825]/[( 1 + 1.1)*6,209] =310.75/13,038.9 =0.0238325 Hence, Net income = Sales *profit margin =$6,209* 0.0238 =$147.98 But I am getting an error saying this answer is complete but not entirely correct?
- question 1 a) (img 60) find: 1. gross profit margin 2. stock turn over 3. net profit margin 4. return on capital employment 5. current ratio 1b)The following figures are from a similar company. C services Limited for the year ended 31 December 2010 Gross profit margin 25% Stock turnover ratio 9 Net profit Margin 10% Return on Capital employed 12.5% Current Ratio 1:1 Quick Ratio 0.5:1 Compare your results in a, ABB Engineering with those of b, CD Engineering Services Limited. As a result of your comparison which company do you think is more successful during the year. Give reasons for your answers. 6. quick ratioOBJECTIVE 6 Exercise 1-46 Income Statement ERS Inc. maintains and repairs office equipment. ERS had an average of 10,000 shares of common stock outstanding for the year. The following income statement account balances are available for ERS at the end of 2019. Required: 1. Prepare a single-step income statement for ERS for 2019. 2. CONCEPTUAL CONNECTION Compute net profit margin for ERS. If ERS is able to increase its service revenue by $100,000, what should be the effect on future income? 3. CONCEPTUAL CONNECTION Assume that ERS net profit margin was 8.5% for 2018. As an investor, what conclusions might you draw about ERS future profitability?Finding Revune Example Clarification I need to know why the RE 1/1 turns from positive to negative. Here is the information and solution equation I was told on here Revenue UNKOWN Expenses $6000 Dividends declared $3000 RE 1/1 $8000 12/31 $9000 9000=8000+(Rev-6000)-3000 This then is converted to the following to find Revenue Revenue=9000-8000+3000+6000 Why does 8000 turn negative and 3000 and 6000 turn positive?
