Total Hôme Nursing wheels keeping $ 919,000 461,000 458,000 $ 261,000 112,000 149,000 $ 256,000 156,000 100,000 enues iable expenses cribution margin ed expenses: epreciation iability insurance rogram administrators' salaries $ 402,000 193,000 209,000 69,500 43,400 115,900 183,800 412,600 $ 45,400 8,600 20, 200 40,900 52,200 40,800 7,400 38,700 80,400 167,300 20,100 15,800 36,300 51,200 eneral administrative overhead* al fixed expenses 121,900 123,400 operating income (loss) $ 27,100 $ 41,700 $ (23,400)
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- Salaries of IT employees working exclusively on the project:R670 000 Employee awareness leaflets: R32 000 General overhead cost allocation: R123 000 Specialist consultancy service: R432 000State what value for each of the above four expenditures will beincluded in the capitalised cost of the ERP system. Write downonly the amounts.Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes—home nursing, Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow: Total Home Nursing Meals on Wheels Housekeeping Revenues $ 925,000 $ 266,000 $ 409,000 $ 250,000 Variable expenses 472,000 116,000 203,000 153,000 Contribution margin 453,000 150,000 206,000 97,000 Fixed expenses: Depreciation 70,500 8,900 40,900 20,700 Liability insurance 43,900 20,600 7,700 15,600 Program administrators’ salaries 115,500 40,200 38,600 36,700 General administrative overhead* 185,000 53,200 81,800 50,000 Total fixed expenses 414,900 122,900 169,000 123,000 Net operating income (loss) $ 38,100 $ 27,100 $ 37,000 $ (26,000) *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program. The depreciation in…SCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…
- 20 Jeff Irvin Company provided the following information for the current year: Current service cost 500,000 Interest on PBO 600,000 Interest income on plan asset 350,000 Loss on settlement 250,000 Past service cost during the year 300,000 Actual return on plan asset 850,000 Actuarial loss during the year 200,000 Contribution to the plan 1,500,000 What is the employee benefit expense for the current year? Group of answer choices 1,500,000 1,100,000 1,050,000 1,300,000The follooving information relates to Snorbird Corporation Sales at the breakeven point P312.500 lotal foed expenses 250,000 et opetating income 150,000 what is Sncwbird s margin of safety4. Delivery of office equipment and office supplies on account: office equipment 3million office supplies 200,000 5.Payable to officers and employees upon approval of payroll: Salaries and wages P1,000,000 Personnel economic relief allowance(PERA) 150,000 Gross Payroll 1,150,000 Less:Deductions Withholding Tax P35,000 Government service Insurance system (GSIS) 55,000 PAG-IBIG 4,000 philhealth 3,000 Total deductions 97,000 Net P1,053,000 6. Grant of cash advance for payroll 7.Liquidation of the cash advance for payroll 8.Remittance of salary deductions,except the withholding tax,which was included in number 15. 9.Billing of Revenue/Income: Registration Fees 400,000 Permit Fees 300,000 other service income 200,000 10.Collection of the registration fees. 11.Remmittance of the collected revenues to Bureau of Treasury (btr) 12.Pqyment of the following MOOE Electricity 50,000 Telephone 30,000 Janitorial 20,000 less:withholding tax (5,000) Total 95,000 13.Payment of…
- Oriole provides enivronmentally friendll laswn services for homeownders. Its operating costs are as follows: depreciation (straight-line) $1500 per month advertising $400 per month insurance $3560 per month weed and feed materials $24 per lawn dircet labor $3 per lawn fuel $1 per lawn Oriole charges $80 per treatment for the average single family lawn. For the month ended July 31, 2022, the company had total sales of $9600. Prepare a CVP Income statement for the month ended July 31,2022.Please show the solution in good accounting form. Thank you! Dominic Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and remittance of ₱25. The distribution cost is ₱10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, ₱50 per unit ₱ 2,500,000 ₱ 2,875,000 Towel purchases, ₱90 per unit ₱ 337,500 ₱ 360,000 Number of box tops returned 22,500 38,550 Requirements: 1. Compute for the premiums (as an asset) amount for the year ended:A. December 31, 2020B. December 31, 2021 2. Compute for the premiums expense for the year ended:A. December 31, 2020B. December 31, 2021 3. Compute for the premium liability for the year ended:A. December 31, 2020B. December 31, 2021 4. How much net cash did the entity receive (give) with regards to the…Please show your solution in good accounting form. Thank you! JINN Corporation started a promotional program. A towel is offered as a premium to customers who send in 10 box tops of facial soap returned and remittance of ₱25. The distribution cost is ₱10 per towel. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: 2020 2021 Facial soap sales, ₱50 per unit ₱ 2,500,000 ₱ 2,875,000 Towel purchases, ₱90 per unit ₱ 337,500 ₱ 360,000 Number of box tops returned 22,500 38,550 Requirements: 1. Compute for the premiums (as an asset) amount for the year ended:A. December 31, 2020B. December 31, 2021 2. Compute for the premiums expense for the year ended:A. December 31, 2020B. December 31, 2021 3. Compute for the premium liability for the year ended:A. December 31, 2020B. December 31, 2021 4. How much net cash did the entity receive (give) with regards to the…
- The following is cost information for the Creamy Crisp Donut Company:Entrepreneur's potential earnings as a salaried worker = $50,000Annual lease on building = $22,000Annual revenue from operations = $380,000Payments to workers = $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Refer to the above data. If, other things equal, Creamy Crisp's revenue fell to $286,000: its implicit costs, including a normal profit, would exceed its explicit costs.B. it would earn a normal profit but not an economic profit.C. it would suffer an economic loss.D. its accounting profit would fall to zero.The following is cost information for the Creamy Crisp Donut Company:Entrepreneur's potential earnings as a salaried worker = $50,000Annual lease on building = $22,000Annual revenue from operations = $380,000Payments to workers = $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Refer to the above data. Creamy Crisp's implicit costs, including a normal profit are: $136,000.B. $150,000.C. $94,000.D. $156,000.For every P500 worth of services rendered to customers, Beauty has to pay P300 salary expense, and P6 supplies. Beauty’s service income is P250,000. Its operating income is: a. P100,000 b. P153,000 c. P 3,000 d. P 97,000