Homework Help is Here – Start Your Trial Now!
Business
Accounting
96,000 98,400 100,8 384,000 393,600 403,4- 1,200,000 1,080,000 960,0 86,000 88,150 90,35

96,000 98,400 100,8 384,000 393,600 403,4- 1,200,000 1,080,000 960,0 86,000 88,150 90,35

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%
Solve for interest rate.
GIVEN VALUES 2021 2022 2023 2024 Gross Sales of PET bottles at 1.50 (P) Cost of Raw material (direct ost) Net Sales (P) 480,000 492,000 504,300 516,907.5 96,000 98,400 |100,860 |103,381.5 384,000 393,600 403,440 413,526 1,200,000 Building Machinery and Equipment (P) Operating Cost (P) 1,080,000 960,000 840,000 86,000 88,150 90,353.7 92,61 2.5 Depreciation(P) 120,000 120,000 120,000 |120,000 Tax at 30%of Net sales (P) 115,200 118,080 121,032 124,057.8 Total Expense (P) 321,200 326,230 331,385.7 336,670.3 Net Income P62,800 P67,370 P72,054.3 P76,855.7
Transcribed Image Text:GIVEN VALUES 2021 2022 2023 2024 Gross Sales of PET bottles at 1.50 (P) Cost of Raw material (direct ost) Net Sales (P) 480,000 492,000 504,300 516,907.5 96,000 98,400 |100,860 |103,381.5 384,000 393,600 403,440 413,526 1,200,000 Building Machinery and Equipment (P) Operating Cost (P) 1,080,000 960,000 840,000 86,000 88,150 90,353.7 92,61 2.5 Depreciation(P) 120,000 120,000 120,000 |120,000 Tax at 30%of Net sales (P) 115,200 118,080 121,032 124,057.8 Total Expense (P) 321,200 326,230 331,385.7 336,670.3 Net Income P62,800 P67,370 P72,054.3 P76,855.7
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS