Sales: $100 000 Purchase: $45 000 Sales returns: $20 000 Purchase returns: $5 000 Current Assets: $55 000 Current Liabilities:$5000 required: a) Calculate net sales. b) Calculate net purchases. c) Calculate working capital.
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- Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.In a period, sales are $140,000, purchases $75,000 and other expenses $25,000. What is the figure for net profit to be transferred to the capital account? A $40,000 B $65,000 C $75,000 D $140,000Sales = $1,000; Cost of Goods Sold = $500; Depreciation Expense = $100; Administrative Expenses = $100; Interest Expense = $20; Marketing Expenses = $80; and Taxes = $100. The Co's operating income (EBIT) is equal to A) $500. B) $400. C) $310. D) $220.
- Sales = $1,000; Cost of Goods Sold = $500; Depreciation Expense = $100; Administrative Expenses = $100; Interest Expense = $20; Marketing Expenses = $80; and Taxes = $100. The Co's net income is equal to A) $100. B) $150. C) $220. D) $200.Examine the effect of the actions below on the current ratio. Assume that the prevailing current ratio is higher than 1.0. (i) Use cash to pay off current liability of $10,000 (ii) Purchase raw materials amounting to $10,000 on credit (iii) Sale of inventory (iv) Paying a dividendExamine the effect of the actions below on the current ratio. Assume that the prevailing current ratio is higher than 1.0.(i) Use cash to pay off current liability of $10,000(ii) Purchase raw materials amounting to $10,000 on credit(iii) Sale of inventory(iv) Paying a dividend
- 1. Megan Thee Stallion Stable Co. Income Statement Sales $1,000 Operating Expenses $320 Net Operating Income $680 Interest Expense $30 Tax Expense $120 Net Income $530 Beginning Balance Ending Balance Total Operating Assets $2,063 $7,030 Compute Megan Thee Stallion Stable Company's Asset Turnover for last year. Round your answer to 2 d.p. 2. What is Megan Thee Stallion Stable Company's margin? Round your answer to 2 d.p. a. 68% b. 22% c. 53% d. 78%Use the following information (in thousands):a. ¥126,000 d. ¥63,000Answer:1Sales revenue¥300,000 Gain on sale of equipment90,000 Cost of goods sold164,000 Interest expense16,000 Selling & administrative expenses30,000 Income tax rate30%Determine the amount of net income.f2. Subject :- Finance Company A has sales of $560, costs of $100 (not including depreciation), depreciation expense of $40, interest expense of $40, and a tax rate of 21 percent, current assets of $180, net fixed assets of $1480, current liabilities of $240, and long-term debt of $750. What is the time interest earned (TIE)? (keep two decimal places)
- Alpha limited has the following events for the current year . Revenues $10,000 Cost of goods sold $3,50,000 Depreciation $400,000 Interest paid $1,50,000 Calculate the net profit and select the correct amount from below .Assume that none of the relevant transactions are based on credit . a)$1,000,000 b)$ 900,000 c) $500,000 d) 250,000Question 3 options: With the following information, fill in the blank given using the specified format (For example: $100,000) The net working capital is _______ Annual Sales Revenue $3,650,000 Accounts Payable 300,000 Accounts Receivable 400,000 Cash 35,000 Mortgage 95,000 Equipment 200,000 Short-term Loan 100,000 Goodwill 75,000 Inventory 500,000Perush. Trade "CAHAYU has the following data: 01/12/2006. Paid-up capital in the form of cash Rp. 500,000.00 02/12/2006. Merchandise sold 600,000, credit and 300,000,- cash 03/12/2006. Purchased merchandise 400,000,- credit and 200,000,- cash 04/12/2006. Purchased equipment 50,000,- credit and 20,000,- cash 05/12/2006. partially paid off debt worth Rp. 250,000.00 with 2% discount 06/12/2006 Received payment of receivables Rp. 350,000,- without deductions 31/12/2006. Paid salary fee of Rp. 250,000.00 cash Question : a. Specialized with 5 books/journals (cash receipts, cash disbursements, memorial journals, ledgers, trial balance) b. Enter the journal in answer a in the ledger c. Based on answer b, prepare a trial balance as of 31 Required: december 2006 Estimates need to be opened : 101 cash 201 Accounts payable 501 purchase 102 Receivables 301 Purchases 502 discounts 103 Supplies 401 Sales 551 Salary expenses
