ACCOUNT Revenue Cost of Good Sold 300,000 Wage Expense Rent Expense Supplies Expense 20,000 AMOUNT 500,000 100,000 30,000
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- Use the following information to calculate, to one decimal place, the return on assets (ROA) for FY21: FY21 FY20 $m $m Total assets 5,887 5,000 Finance costs 50 Тах expense 300 Profit 700Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Cash SR 50 Short-term investment SR 150 Average assets SR 1500 Total expenses SR 200 Net income SR 100 Gross contributions SR 600 Net contributions SR 550 What is expense ratio? а. 40% b. 30% С. 36.3% d. 50%How much is the gross profit for the year? a. 662,000 b. 656,000 C. 648,000 d. 626,000
- How much is the true profit of the branch? A. 1,266,667B. 1,250,000C. 1,200,000D. 1,400,000A business has RO 250000 income and RO 60000 expenses. What is the net profit? Select one: O a. RO 160000 O b. RO 310000 O c. RO 190000 O d. RO 250000INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses…
- Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Credit $ 129,000 11,400 10,400 4,400 34,000 240,000 54,000 440,000 340,000 17,000 34,000 4,400 $923,200 $923,200 Debit $11,400 144,000 5,400 27,000 340,000(in millions) Net Income Total Assets Total Liabilities Total RevenuesExpedia $ 723 $ 15,504 $ 10,574 $ 6,672Priceline 2,551 17,421 8,625 9,224How would I figure out the net profit margin for theseHow much is the total gross income? a. 1,320,000 b. 1,400,000 c. 1,470,000 d. 1,550,000
- What is the amount of the gross sales? A. 1,780,000 B. 2,062,000 C. 2,080,000 D. 2,130,000aiount. Sales 2019 2020 750000 Less cost of sales 900000 Gross profit Expenses Net profit 7?? 7?? 250000 275000 210000 170000 40000 7?? (6) 2.1 Calculate the cost of sales for 2019 and 2020 2.2 Calculate the net profit for 2020 2.3 What effect does expenses have on the profit of a business 2.4 Calculate the gross profit percentage for 2019 and 2020 2.5 Calculate net profit percentage for 2019 and 2020 (6) 3. The selling price of a product is affected by the cost of the material, the quantity or Products sold, the percentage mark-up and the monthly fixed costs, Sane, the owner of a new business, finds that the selling price for her jewellery range is too high. How can she reduce the price of her jewellery? Explain by using examples of FIVE (5) different factors that influence the sellingCompute total income from the following? Net Sales OMR 50000, Cost of goods sold OMR 20000, Dividend received OMR 5000, Insurance paid OMR 2000, Depreciation OMR 2000 and Commission received OMR 1000. a. OMR 36000 b. OMR 27000 c. OMR 33000 d. OMR 43000