2. National Beverages company estimated the sales as follows Al Dahirah ( in units ) Al Batinah (In units ) Soft drinks 200,000 250,000 Mineral water 50,000 80,000 Assumed that selling price of Soft drinks OMR 0.250 Bz and Mineral water OMR 0.100BZ Estimate the total sales in volume.

2. National Beverages company estimated the sales as follows Al Dahirah ( in units ) Al Batinah (In units ) Soft drinks 200,000 250,000 Mineral water 50,000 80,000 Assumed that selling price of Soft drinks OMR 0.250 Bz and Mineral water OMR 0.100BZ Estimate the total sales in volume.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Given the following amounts: Ravena Inc. Mulawin Corp. Sales P1,600,000 P120,000 60% of Sales 40% of Sales Cost of Sales Operating Expenses P416,000 P42,000 Which of the statements is true? a. Ravena Inc. has a higher a gross profit ratio compared to Mulawin Corp. b. Mulawin Corp. has lower operating expenses ratio compared to Ravena Inc. C. Mulawin Corp. is profitable than Ravena Inc. in terms of absolute amount. d. Mulawin Corp. is profitable than Ravena Inc. in terms of net income margin.
Save Ltd. and Spend Ltd. Are merchandising companies. Both are wholesalers dealing in a similar range of goods. Summaries of the Statement of Profit or Loss calculation and Statement of Financial Position the same year have been made available to you as follows: Statement of Profit or Loss Save Ltd. Spend Ltd. GH¢ (000) GH¢ (000) Sales 6,500 8,000 Cost of goods sold (4,500) (6,240) 1,500 1,760 Administrative Expenses (640) (630) Selling and distribution expenses (280) (400) Depreciation- PPP (100) (250) Net Profit 480 480 Statement of Financial Position Save Ltd. Spend Ltd. GH¢ (000) GH¢ (000) Property Plant and Equipment 910 1,200 Inventory 560 520 Accounts receivables 750 670 Bank 80 - 2,300 2,420 Stated Capital 1,920 1,600 Creditors 380 780 Bank - 40 2,300 2,420…
Olly Company is a merchandising business that sells dog food. Based on the following information, what is the gross margin for Olly Company? Sales Revenue Cash $ 500,000 100,000 50,000 Accounts Receivable Inventory Cost of goods sold Operating expenses Multiple Choice $135,000 $200,000 $285,000 $160,000 25,000 300,000 40,000
s
National Beverages company estimated the sales as follows Al Dahirah ( in units ) Al Batinah (In units ) Soft drinks 200,000 250,000 Mineral water 50,000 80,000 Assumed that selling price of Soft drinks OMR 0.250 Bz and Mineral water OMR 0.100 Bz., Estimate the total sales in volume. a. OMR 580,000 b. 58,000 Units c. 580,000 Units d. 55,000 Units
Morrisey & Brown, Ltd., of Sydney, Australia, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow: MORRISEY & BROWN, LTD. Income Statements. For the Four Quarters Ending December 31 Quarter 1 Quarter 2 4,700 4,200 21:06 Sales in units Quarter 3 5,240 A$524,000 314,400 Sales revenue A$470,000 A$420,000 Quarter 4 4,800 A$480,000 288,000 192,000 Less: Cost of goods sold 282,000 252,000 Gross margin 188,000 168,000 209,600 Less: Operating expenses: ok Advertising expense 21,200 21, 200 21, 200 21, 200 Shipping expense 34,809 36,800 40,960 36,760 Salaries and commissions 79,200 78,400 90,880 86,160 Insurance expense 6,200 6,200 6,200 6,200 Depreciation expense 15,200 15, 200 156,600 157,800 A$ 31,400 A$ 10,200 A$ 35,160 15, 200 174,440 15, 200 165,520 Total operating expenses Net income A$ 26,480 (Note: Morrisey & Brown, Ltd.'s…
ABC Co. is selling its products to customers A, B and C. The following information is given for the year 2018-19. Customer A Customer B Customer C Sales in Lakhs (?) 15.90 20.0 15.0 Number of deliveries (including rush deliveries) 100 40 50 Number of orders 120 50 60 1.2 Average number of hours per delivery (for verification of goods | before loading for delivery) 1 1.30 Number of rush deliveries 2 1 2 Sales commission (% to sales) 4 5 Normal delivery cost is ? 1,250 per delivery. Order processing cost is ? 1,84,000. Verification cost of goods before loading is ? 5,32,500. Rush delivery cost is 180% of normal delivery cost. Variable cost is 75 percent of sales. (i) Present a customer wise profitability statement.
Sisyphus Inc. records total sales of $657,500 in the current period, with a cost of goods sold of $389,000 . Sisyphus expects 4% of sales to be returned. How much in net sales will Sisyphus recognize for the current period? Group of answer choices $373,400 $268,500 $631,200 $657,500 $257,760 The Sisyphus Inc’s (SSY) Company’s annual statement of cash flows reported the following (in millions): Net cash from financing activities $63,864 Net cash from investing activities -62,512 Cash at the beginning of the year 13,152 Cash at the end of the year 18,948 What did SSY report for “Net cash from operating activities” during the year? Group of answer choices $71,220 million cash inflow None of the above $4,444 million cash outflow $4,444 million cash inflow $71,220 million cash outflow
Smith & Chief Ltd. of Sydney, Australia, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the four most recent quarters follow. SMITH & CHIEF LTD. Income Statements For the Four Quarters Ending December 31 Quarter 1 Quarter 2 6,100 5.600 A$610,000 A$560,080 A$692,000 366,000 336,000 415,280 244,800 224,800 276,800 Sales in units Sales revenue Less: Cost of goods sold Gross margin Less: Operating expenses: Advertising expense Shipping expense Salaries and commissions Insurance expense Depreciation expense Total operating expenses Net income Advertising expense Shipping expense Salaries and commissions expense (Note: Smith & Chief Ltd.'s Australian-formatted income statement has been recast into the format common in Canada. The Australian dollar is denoted by A$.) S Advertising expense 22,600 22,600 22,600 40,408 42.400 42,080 87,600 81,200 97,840 94,288 7,500 7,600 7,600…
Garza Company had sales of $153,000, sales discounts of $2,300, and sales returns of $3,670. Garza Company's net sales equals: Multiple Choice $5,970. $147,030. $150,700. $153,000. $158,970.