Please help me to answer Requirement 1A & 1C only. Thank you!
Q: will you fill this out please
A: There are three elements of accounting equation of business. These are Assets, Liabilities and…
Q: uestions below
A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…
Q: Please help me answer this question, VAT - 15%
A: Owners Equity The calculation of owners equity is to the beginning balance of equity plus net income…
Q: SKIP THIS IF YOU ALREADY ANSWERED. THANK YOU.
A: Cash Budget shows expected inflow and outflow of cash for particular period sat month, year.
Q: Can someone please explain how I answer this question? It's question number 3
A: As per 2022 table, CPP is 5.7% of gross pay subject to basic personal exemption of $ 3500 and the…
Q: Please answer the (d) question
A: Special journals can be defined as the type of journal entries only which are held to record the…
Q: wers to requirer
A: 1. Determination of variance is the process of standard costing . classification should be done into…
Q: ETUAL -ad the ries anc
A: Date Details Debit Credit 2/2 Purchases Expenses A/C Dr. To Accounts Payable 15000…
Q: 3.When reading the Code, you must look for connecting words that may affect whether you may apply…
A: Section 152 of the IRC provides definition of a dependent. In general, a dependent means a qualified…
Q: Please compute for the letter E to L requirements.
A: Hi Student, since there are multiple subparts, we will answer only three subparts. If you want…
Q: x records and accounting
A: In the banking scenario, the account and mirror account having the opposite sign The process of…
Q: Please answer a,b and c.... Please answer all.. thank you
A: The capital budgeting is a technique that helps to analyze the profitability of the project.
Q: Please show me how to arrive at the answer of 11.607%
A: Hit and trial method is a way to calculate the value but that would take up a lot of time with no…
Q: Need help from Letter A to C please
A: Return on total assets is a ratio that indicates the income earned relative to total assets.…
Q: Please answer this question correctly ASAP. Thank you
A: Annual return = (Current value / Past value)^(1/Time) - 1
Q: May you please answer PART D & E. Part D&E is the portion I'm having trouble with.
A: Provision for doubtful debts is a provision made out of trade receivables. Such provision is made to…
Q: I only need help with required question 4. of B. and C. thank you,
A: Uncollectible Accounts Receivables are Receivables that have no chance of being received. An account…
Q: Please check if my general entry are correct
A: Closing journal entry: It refers to the journal entry that is recorded at the closing of the…
Q: please show solutions and answer only letters A,B,C
A: In finance, the future value is maturity or terminal value for a current invested amount that is…
Q: can i get answers for activity 4 please
A: Here to discuss about the details of the preparation of the ledger account trial balance profit and…
Q: Please answer all parts (a-d) with explanations thx.
A: Expected return (ER) refers to the average returns expected to be received on a particular share or…
Q: answe
A: We know that cash and cash equivalent are the most liquid assets. Cash equivalent are the short term…
Q: e do IGNORE this if you already answered this problem, tutor) The requiremen
A: Note : As per the guidelines, only first three parts will be answered. Kindly post the remaining…
Q: Please answer number 5 with solution.
A: Financial accounting:-Financial accounting is termed as field of accounting which includes…
Q: ANSWER EACH PART PLEASE!
A: A) Stock's expected return can be calculated as follows : = P1 × R1 + P2 × R2 + P3 × R3 + P4 × R4 +…
Q: Please provide answer to questions a to c
A: Introduction: Shareholders equity represents owners' equity i.e. amount of claim for the…
Q: I need help with questions 1 and 2
A: Profitability ratio is a ratio which indicate the return on resources used for productivity in terms…
Q: Please answer E & G from the attached questions . Please label accordingly e.g E) instead of…
A: using CVP, Break even sales = Fixed cost / CM ratio Margin of safety = Current sales - Break even…
Q: SANTA ROSA
A:
Q: ase answer all pro
A: Given information : Time period 23 Par value $1,000 Coupon interest rate 9% Yield to…
Q: Help me answer the letter d and c with solution thank you
A: Degree of operating leverage = Contribution/EBIT Degree of Financial leverage = EBIT/EBT
Q: PLEASE HELP ASAP!
A: Journal Entry: Journal entry is the act of keeping records of transactions. Transactions are listed…
Q: Need Assistance with RegE1, ReqE2
A: Sales refer to the concept of selling the desired number of goods or services by an entity or a…
Q: What are the different BIR forms and describe and identify the deadline for submission of each form.…
A: Bureau of Internal Revenue (BIR) refers to the body which is helping various forms of the business,…
Q: Please answer this question as soon as possible.
A: Journal entries can be defined as the initial recording of each monetary business transaction. It…
Q: Please show work on how to do part 5, 6a, 6b. Thank you.
A: Solution 4: Computation of Profitability Index Particulars Product A Product B Net present…
Q: Kindly solve the remaining two Requirements iam going to mention the numbers 4. And 5. Previous…
A: Contribution margin is the sales revenue which is over and above variable costs of the business.…
Q: PLEASE ANSWER ONLY QUESTIONS F AND G
A: Break even analysis and cost volume profit (CVP) analysis are important analysis tools often used in…
Q: Please provide the introductory part and answer for question D.
A: Additional paid-up capital refers to money that investors paid above and beyond the par value price…
Q: answer to number B. only please
A: Open to buy is a technique that helps to decide the amount of merchandise that a retailer can buy…
Q: Please help me with this assignment.
A: Note: Since you have posted a question with multiple sub-parts, we will solve first three subparts…
Q: Please answer the number 2 problem. Thank you!
A: There are two type of cash balances that is being maintained in business. One is cash balance as per…
Q: Please assist with the questions (d) and (e)
A: The term work-in-progress (WIP) is a production and supply-chain management term describing…
Q: How to do this. Please explain. Thank you.
A: Price variance = ( Actual unit cost - Standard unit cost ) x Actual quantity purchased
Q: Q2a Please assist to answer Q2 a in detail
A: The concept of time value of money is important and it states that value of money is more today than…
Please help me to answer Requirement 1A & 1C only. Thank you!
Step by step
Solved in 2 steps
- tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yieldQUESTION SIX The following financial statements relate to ZB Plc. ZB PLC Statement of comprehensive Income for the year ended 31st December: 2021 2020 K'000 K'000 Revenue 3,068,959 2,305,425 Cost of sales -2,024,857 -1,346,701 Gross profit 1,044,102 958,724 Other expenses -244,307 -458,473 Net impairment credit on financial assets 12,291 3,002 Distribution costs -208,749 -178,028 Administrative expenses -413,157 -302,323 Operating profit 190,180 22,902 Finance Income 2,978 1,557 Interest Expense -86,936 -15,974 Profit before income tax 106,222 8,485 Income tax credit (expense) 41,730 -2,546 Profit for the year 147,952 5,939 Other comprehensive income Total comprehensive income for the year 147,952 5,939 ZB PLC Statement of Financial Position as at 31st December:…01/31/2019 01/31/2018 Total Revenue $514,405,000 $500,343,000 Cost of Revenue $385,301,000 $373,396,000 Gross Profit $129,104,000 $126,947,000 Research & Development $0 $0 Sales,General & Admin. $107,147,000 $106,510,000 Non-Recurring Items $0 $0 Other Operating Items $0 $0 Operating Income $21,957,000 $20,437,000 Earnings before interest and Tax $13,806,000 $17,453,000 Interest Expense $2,346,000 $2,330,000 Earnings before Tax $11,460,000 $15,123,000 Income Tax $4,281,000 $4,600,000 Minority Interest $0 $0 Equity Earnings -$509,000 -$661,000 Net Income-Cont. Operations $6,670,000 $9,862,000 Net Income $6,670,000 $9,862,000 Net Income Applicable to Common Shareholders $6,670,000 $9,862,000 Here is the income statement. PERIOD ENDING: 01/31/2019 01/31/2018 Current Asset Cash and Cash Equivalents $7,722,000…
- PROBLEM 14: MMM Company started operations in 2019. The following data are abstractedfrom the company’s production and sales records: 2019 2020 2021 Number of units produced 120,000 116,250 101,250 Number of units sold 75,000 108,750 97,500 Unit production cost P 4.50 P 5.20 P 5.80 Sales revenue 600,000 900,000 975,000 Using the FIFO cost flow assumption, the gross profit for the year ended December 31, 2021 is:50. Jimin Corp. is preparing the interim financial statements for the quarter ended March 31, 2022. Sales during the quarter is P5,000,000. The variable expense is 20% based on sales. The other expense of P2,100,000 included P1,500,000 an advertisement expense for one-year (incurred unevenly in the year) and depreciation expense of P600,000 for 2022 for an equipment that was available for use on March 1, 2022. How much is the total expense reported as of March 31, 2022?E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
- 61 2021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: Group of answer choices P600,000 increase P150,000 increase P400,000 increase P80,000 increaseYear ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378 28,355 Prepaid expenses 40,663 32,977 Total current assets $1,778,288 $1,450,363 Property, plant, and equipment $571,032 $497,795 Less accumulated depreciation (193,037)…Question C5 Majan Ltd income statement for the year ended 31st Dec 2020 and the balance sheets as at 31st Dec 2009 and 2019 are as follows: Income statement OMR in million Revenue 312 Cost of sales (177) Gross profit 135 Distribution expenses (36) Administrative expenses (15) 84 Rental income 14 Operating profit 98 Interest payable (13) Profit before taxation 85 Taxation (18) Profit for the year 67 Balance sheet as at 31st Dec 2020 and 2019 2020 2019 OMR in million OMR in million Non – current assets Property, plant and equipment Land and buildings 155 155 Plant and machinery 157 163 312 318 Current assets Inventories 18 21 Trade receivables 73 70 Current liabilities…
- tudent question Time to preview question: 00:09:07 Company is subject to an income tax rate of 30%. It has the provided the following data on December 31, 2021: Income Statement Items for 2021: Net sales P3,600,000Cost of goods sold 1,100,000Operating expenses including depreciation 840,000Depreciation expense 60,000Interest expense 100,000Income tax expense ? Other information for 2021: Payment of bank loan 300,000 Dividends paid to stockholders P250,000 Balance Sheet Items December 31, 2021 December 31, 2020Cash and cash equivalents 2,000,000 P1,750,000Accounts receivable 670,000 410,000Inventory 430,000 220,000Supplies 18,000 12,000Accounts payable 520,000 380,000Accrued liabilities 72,000 53,000Property and equipment, net 1,700,000 2,100,000Loans payable 1,000,000 1,500,000Share capital 1,000,000 1,000,000Retained earnings ? ? Based on the above, answer the following questions for 2021: (Round answers to whole numbers for monetary amounts while for percentages,…14. What is the Construction in Progress, net of Progress Billings at December 31, 2021, using zero profit method? 250,000 liability 250,000 asset 240,000 asset 240,000 liability Any other amount2020 2019 Receivable from Construction contract Costs incurred each year. Construction in progress Partial billings on contract Collection each year P252,000 P240,000 460,800 292,800 873,600 240,000 720,000 2,167,000 8. The gross profit recognize from the long term construction contract is: 2019 2020 a. P52,800 P52,800 P547,200 b. P40,800 P240,000 C. d. P40,800 P307,200 P120,000