QUESTION 4 Pimpim Co. has listed the following amounts at the end of 2023: WORK TO BE DONE: Based on theinformation above, elaborate the Income Statement for the company and answer the following questions: a. What is theamount of Net result? b. What is the amount of Operating result?QUESTION 4Pimpim Co. has listed the following amounts at the end of 2023:AccountsEurosSales revenueCGSSupplies expencesInterest costInterest revenueInsurance expenses17.60013.5001.6001.8001.9002.300C0.2 pointsWORK TO BE DONE: Based on the information above, elaborate the Income Statement for the company and answer the following questions:a. What is the amount of Net result?b. What is the amount of Operating result?

The income statement is a financial statement which shows the gross profit and net profit of the…

Answered: a. What is the amount of Net result? b.…

Business

Accounting

a. What is the amount of Net result? b. What is the amount of Operating result?

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....

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Wilton Felder Ltd is finalising its financial statements for the year ended 31 October 2024. You are presented with the following information: Income statement for the year ended 31 October 2024 £ 175,900 Sales revenue Cost of Sales (99,370) Gross profit 76,530 Operating expenses Interest income (51,280) 40 1,400 Finance costs Profit before tax 23,890 Corporation tax expenses (6,450) Profit for the year 17,440 Balance sheets as at 31 October Non-current assets Property plant & equipment at cost Less Accumulated Depreciation Current Assets Inventory Trade receivable Cash at bank and in hand Total assets Current liabilities Trade and other payables Corporation tax payable Non-current liabilities Bank Loans Net assets Equity Share capital Share premium Retained earnings Total equity 31/10/24 £ 132,040 (32,210) 99,830 24,130 17,520 4,220 45,870 145,700 20,060 5,270 25,330 28,320 92,050 24,410 13,800 53,840 92,050 31/10/23 £ 111,580 (28,870) 82,710 27,220 11,740 2,140 41,100 123,810 17,860…
For the year ended December 31, 2022, the job cost sheets of Carla Vista Company contained the following data. Job Number 7640 7641 7642 Other data: 1. 2. 3. 4. 5. 6. 7. Explanation Balance 1/1 Current year's costs Balance 1/1 Current year's costs Current year's costs Direct Materials. $29,500 35,400 12,980 50,740 68,440 Direct Labor $28,320 42,480 21,240 56,640 64,900 Manufacturing Overhead Total Costs 25,488 $91,804 $33,984 50,976 128,856 59,708 67.968 175,348 77,880 211.220 Raw materials inventory totaled $17,700 on January 1. During the year, $165,200 of raw materials were purchased on account. Finished goods on January 1 consisted of Job No. 7638 for $102,660 and Job No. 7639 for $108,560. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638,7639, and 7641 were sold on account for $625,400. Manufacturing overhead incurred on account totaled $141,600. Incurred depreciation on factory machinery $9,440. Assigned indirect materials of $16,520 and indirect labor…
During 2021, Jerry Inc. has the following account balances in Income Statement: Sales P 1,630,245, Cost of Sales P 646,788, Selling Expense P 235,500, Administrative Expense P 114,766, Other Expense P 57,146, Tax Expense P 200,400 and Other Revenue P 65,810. How much is the net income? a. P 414,454b. P 414,455c. P 441,455d. P 441,445
From the data, how to calculate net profit margin for hwa tai industries in year 2018 and 2019?
Finish the problem
INFORMATION The trial balance, adjustments and additional information given below were obtained from the records of Pentel Traders on 29 February 2020, the end of the financial year. PENTEL TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 29 FEBRUARY 2020 Debit (R) Credit (R) Balance sheet accounts section Capital Drawings Land and buildings Vehicles at cost Equipment at cost Accumulated depreciation on vehicles Accumulated depreciation on equipment Trading inventory Debtors control Provision for bad debts Bank Petty cash Creditors control Loan: Met Bank (15%) 681 800 82 000 489 000 190 000 63 000 32 000 23 400 46 000 34 000 1 900 1 100 100 30 400 30 000 Nominal accounts section Sales |Cost of sales Sales returns Wages Bank charges Rent income Packing materials Advertising Rates 420 000 233 000 5 000 41 000 3 000 27 000 12 000 6 000 4 000 1 000 Bad debts Discount allowed Discount received Stationery Interest on loan Water and electricity Insurance Telephone 2 000 700 9 000 4 000 7 000 9 000…
The following select account data is taken from the records of Reese Industries for 2019. A. Use the data provided to compute net sales for 2019. B. Prepare a simple income statement for the year ended December 31, 2019. C. Compute the gross margin for 2019. D. Prepare a multi-step income statement for the year ended December 31, 2019.
The following data (in millions) are taken from the financial statements of Target Corporation: a. For Target Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income b. What conclusions can you draw from your analysis of the revenue and the total operating expenses?
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.
You have been provided with Leonard Corporation's partial Statement of Financial Position and the Statement of Comprehensive Income for the year ended December 31, 2021. Leonard Corporation Partial Statement of Financial Position For the Year Ended December 31, 2021 Accounts receivable -net Prepaid expenses Inventory Property, Plant & Equipment Accumulated Depreciation Accounts payable Income taxes payable Deferred revenue 2021 Sales....... Cost of goods sold.. Gross Margin. Selling, general and admin Depreciation expense $440,000 482,000 45,000 31,000 825,000 810,000 2,475,000 2,105,000 2020 (866,000) (823,000) 184,000 197,000 38,000 35,000 47,000 42,000 Leonard Corporation Statement of Comprehensive Income For the Year Ended December 31, 2021 Interest expense..... Gain on sale of PPE Net income before taxes Income Tax Expense Net income and comprehensive income... $3,560,000 1,950,000 1,610,000 (595,000) (320,000) (115,300) 55,400 635,100 95,300 .$539,800 Additional information:…