n the year 2019 XYZ LLC had net sales is RO 55000 and gross profit is RO 8250. The net sales in 2020 is RO 75000 then the gross profit will be. a. RO 46750 b. RO 11250 c. RO 8250 d. RO 63750
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- Cressman Company incurred RD costs for various projects in 2019 as follows: Required: 1. What is the amount of Cressmans RD expenses for 2019 if it uses U.S. GAAP? 2. How would your answer change if Cressman uses IFRS? Assume that the company can demonstrate that the projects are expected to generate future economic benefits.44- In the year 2019 XYZ LLC had net sales is RO 55000 and gross profit is RO 8250. The net sales in 2020 is RO 75000 then the gross profit will be a. RO 8250 b. RO 11250 c. RO 63750 d. RO 46750BC company had net sales of RO 75000 and gross profit is RO 18750 in the year 2019. The net sales in 2020 is RO 90000 then estimated cost of goods sold will be a. RO 67500 b. RO 22500 c. RO 75000 d. RO 71250
- HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288…HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288 Depreciation 50,000…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
- Zack Corp. had the following information for 2019: Sales $500,000Operating income 50,000Operating assets 200,000Imputed interest rate 10% What amount of residual income did Zack have?The amount of gross profit to appear on the income statement for the period ended 2019 is: a. (330,000) b. (441,000) c. (2,920,000) d. (100,000) Please refer to the picture below to answer the question.The following is the income statement belongs to Excel Star LLC for the year ending 31 December 2020: Excel Star LLC Income Statement for the year ending 31December 2020 Net Sales OMR 25000 Cost of Goods Sold 7000 Gross Profit 18000 Operating Expenses 8000 Operating Income 10000 Other Income: Interest Income ____4000 Profit Before Tax OMR 14000 If the company pays an income tax expense on its profit at 30%, determine the amount of tax payable Select one: a. 10000 OMR b. 9800 OMR c. 4200 OMR d. 18200 OMR
- The unadjusted net income for the year 2019 is: A. P1,540,200B. P1,458,200C. P1,482,200D. P1,421,000Carla Vista Company’s 2025 financial statements contain the following selected data: Income taxes $39000 Interest expense 25000 Net income 61000 Carla Vista’s times interest earned for 2025 is Select answer from the options below 3.4 times. 2.4 times. 5.0 times. 4.0 times.In 2020 Ming Xo Inc. generated taxable income of $420,000 and incurred expenses of $490,000. What is the Company’s GST remittance and PST remittance to the CRA for 2020? please answer fast with explanation. will surely upvote
