Please answer number 5 with solution. 4. The difference of Net Sales and Cost, when the Net Sales is less than itsCost.C. ProfitD. SalaryA. Break-evenB. Loss5. Nathaniel bought an aircon for Php35,000 and spent Php1,500 on itsinstallation. He later sold it for Php37,000. How much is Nathaniel's profit orloss?A. Break-even of Php500B. Loss of Php500C. Gain of Php500D. Profit of Php500

Financial accounting:-Financial accounting is termed as field of accounting which includes…

Answered: Please answer number 5 with solution.

Business

Accounting

Please answer number 5 with solution.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. Shesold half dozen at a price of P18,000.00 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen@ P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment
Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a price of P18,000 00per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen @P12,000.00 each unit. What was her profit or loss? Compute the following requirements: a. Gross Profit Rate b. Operating profit margin rate c. Net profit margin rate d. Return on Investment