ᴋʏʟᴇ ᴄʟᴏᴛʜɪɴɢ ʟɪɴᴇ ʜᴀᴅ ᴛᴏ ꜱʜɪꜰᴛ ᴛᴏ ᴀɴ ᴀʀᴛ ꜱʜᴏᴘᴛᴏ ꜱᴇʀᴠɪᴄᴇ ʜᴇʀ ᴘᴀɪɴᴛᴇʀ ꜰʀɪᴇɴᴅꜱ. ᴀꜰᴛᴇʀ ᴄᴏɴᴅᴜᴄᴛɪɴɢ ᴀ ꜰᴇᴀꜱɪʙɪʟɪᴛʏ ꜱᴛᴜᴅʏ, ʜᴇʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴀʀᴇ ᴀꜱ ꜰᴏʟʟᴏᴡꜱ: ᴇꜱᴛɪᴍᴀᴛᴇᴅ ꜱᴀʟᴇꜱ, ᴅᴇᴄᴇᴍʙᴇʀ ᴘʜᴘ7,200,000 ᴠᴀʀɪᴀʙʟᴇ ᴄᴏꜱᴛ, ɴᴏᴠᴇᴍʙᴇʀ ᴘʜᴘ600,000 ᴍᴏɴᴛʜʟʏ ʀᴇɴᴛᴀʟ ᴘʜᴘ1,740,000 ꜱᴇʟʟɪɴɢ ᴘʀɪᴄᴇ/ᴜɴɪᴛ ᴘʜᴘ300 ᴠᴀʀɪᴀʙʟᴇ ᴄᴏꜱᴛ / ᴜɴɪᴛ ᴘʜᴘ120 ᴡʜᴀᴛ ᴡᴀꜱ ᴛʜᴇ ɴᴇᴛ ᴘʀᴏꜰɪᴛ ᴀᴛ ᴛʜᴇ ᴇɴᴅ ᴏꜰ ᴅᴇᴄᴇᴍʙᴇʀ?
ᴋʏʟᴇ ᴄʟᴏᴛʜɪɴɢ ʟɪɴᴇ ʜᴀᴅ ᴛᴏ ꜱʜɪꜰᴛ ᴛᴏ ᴀɴ ᴀʀᴛ ꜱʜᴏᴘᴛᴏ ꜱᴇʀᴠɪᴄᴇ ʜᴇʀ ᴘᴀɪɴᴛᴇʀ ꜰʀɪᴇɴᴅꜱ. ᴀꜰᴛᴇʀ ᴄᴏɴᴅᴜᴄᴛɪɴɢ ᴀ ꜰᴇᴀꜱɪʙɪʟɪᴛʏ ꜱᴛᴜᴅʏ, ʜᴇʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴀʀᴇ ᴀꜱ ꜰᴏʟʟᴏᴡꜱ: ᴇꜱᴛɪᴍᴀᴛᴇᴅ ꜱᴀʟᴇꜱ, ᴅᴇᴄᴇᴍʙᴇʀ ᴘʜᴘ7,200,000 ᴠᴀʀɪᴀʙʟᴇ ᴄᴏꜱᴛ, ɴᴏᴠᴇᴍʙᴇʀ ᴘʜᴘ600,000 ᴍᴏɴᴛʜʟʏ ʀᴇɴᴛᴀʟ ᴘʜᴘ1,740,000 ꜱᴇʟʟɪɴɢ ᴘʀɪᴄᴇ/ᴜɴɪᴛ ᴘʜᴘ300 ᴠᴀʀɪᴀʙʟᴇ ᴄᴏꜱᴛ / ᴜɴɪᴛ ᴘʜᴘ120 ᴡʜᴀᴛ ᴡᴀꜱ ᴛʜᴇ ɴᴇᴛ ᴘʀᴏꜰɪᴛ ᴀᴛ ᴛʜᴇ ᴇɴᴅ ᴏꜰ ᴅᴇᴄᴇᴍʙᴇʀ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
ᴋʏʟᴇ ᴄʟᴏᴛʜɪɴɢ ʟɪɴᴇ ʜᴀᴅ ᴛᴏ ꜱʜɪꜰᴛ ᴛᴏ ᴀɴ ᴀʀᴛ ꜱʜᴏᴘᴛᴏ ꜱᴇʀᴠɪᴄᴇ ʜᴇʀ ᴘᴀɪɴᴛᴇʀ ꜰʀɪᴇɴᴅꜱ. ᴀꜰᴛᴇʀ ᴄᴏɴᴅᴜᴄᴛɪɴɢ ᴀ ꜰᴇᴀꜱɪʙɪʟɪᴛʏ ꜱᴛᴜᴅʏ, ʜᴇʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴ ᴀʀᴇ ᴀꜱ ꜰᴏʟʟᴏᴡꜱ:
ᴇꜱᴛɪᴍᴀᴛᴇᴅ ꜱᴀʟᴇꜱ, ᴅᴇᴄᴇᴍʙᴇʀ ᴘʜᴘ7,200,000
ᴠᴀʀɪᴀʙʟᴇ ᴄᴏꜱᴛ, ɴᴏᴠᴇᴍʙᴇʀ ᴘʜᴘ600,000
ᴍᴏɴᴛʜʟʏ ʀᴇɴᴛᴀʟ ᴘʜᴘ1,740,000
ꜱᴇʟʟɪɴɢ ᴘʀɪᴄᴇ/ᴜɴɪᴛ ᴘʜᴘ300
ᴠᴀʀɪᴀʙʟᴇ ᴄᴏꜱᴛ / ᴜɴɪᴛ ᴘʜᴘ120
ᴡʜᴀᴛ ᴡᴀꜱ ᴛʜᴇ ɴᴇᴛ ᴘʀᴏꜰɪᴛ ᴀᴛ ᴛʜᴇ ᴇɴᴅ ᴏꜰ ᴅᴇᴄᴇᴍʙᴇʀ?
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