عند تحميل الملفات وإرسال هذا النموذج.Ji shawraaaqeelfahd21@gmail.com csi ciالحسابمطلوبCalculate each of the following 1-Net sales2-Cost of goods available for sales 3-Grossprofit 4-Net profitBad debts 20,000 Electricity and water100,000 salary60,000 insurance 75,000Depreciation furniture 77,000 Depreciationmotor vehicles 50,000 sales 100,000Return inwards 30,000 Opening stock30,000 Purchases 60,000 Return outwards10,000 Closing stock 50,000 Interest onloan 110,000 Doubtful debits 89,000Discount allowable 66,000 Dividendreceived 20,000 Rent received 10,000Discount received 100,000 Bad debtsrecovered 80,000 Rent expenses78,000* Discount allowed 80,00Oإضافة ملفصفحة 2 من 2إرسالالانتقال إلى مواقع الویبعدم إرسال كلمات المرور عبر نماذج ملم يتم إنشاء هذا المحتوى ولا اعتماده من قبل Go ogle. الإبلاغ عن إساءةالاستخدام وط الخدمة - سياوالخصوصيةII 12:38Classroom >A docs.google.comتبديل الحسابمطلوبQuestion Required 1- Recording theflowing-mentioned operations in theAccounting Equation 2-The balance of theaccounts in the ledgerYou have the following transaction data fora company: 1-On January 2, 2019, Mohamedstarted his commercial activity bydepositing 2million dinars into the fund 2-On 3/1/2019, he bought goods for 800,000dinars from AI-Faihaa Trading Company, onthe account 3-On 5/1/2019, goods were soldfor 500,000 dinars in cash 4-On 1/8/2019,half of the amount owed to Al-FayhaaTrading Company was paid 5-On01/10/2019, the rent for the company'sheadquarters was paid 250,000 dinars incash 6- He bought on the account acommodity in the amount of 500 thousanddinars from Al-Fayhaa Trading Company 7-On January 15, 2019, the salary of 200,000* dinars was paid in cashإضافة ملفصفحة 2 من 2إرسالرجوععدم إرسال كلمات المرور

Net sales means the amount of sales less sales return. Cost of goods sold means the cost incurred…

Calculate each of the following 1-Net sales 2-Cost of goods available for sales 3-Gross profit 4-Net profit Bad debts 20,000 Electricity and water 100,000 salary60,000 insurance 75,000 Depreciation furniture 77,000 Depreciation motor vehicles 50,000 sales 100,000 Return inwards 30,000 Opening stock 30,000 Purchases 60,000 Return outwards 10,000 Closing stock 50,000 Interest on loan 110,000 Doubtful debits 89,000 Discount allowable 66,000 Dividend received 20,000 Rent received 10,000 Discount received 100,000 Bad debts recovered 80,000 Rent expenses78,000 * Discount allowed 80,000

Calculate each of the following 1-Net sales 2-Cost of goods available for sales 3-Gross profit 4-Net profit Bad debts 20,000 Electricity and water 100,000 salary60,000 insurance 75,000 Depreciation furniture 77,000 Depreciation motor vehicles 50,000 sales 100,000 Return inwards 30,000 Opening stock 30,000 Purchases 60,000 Return outwards 10,000 Closing stock 50,000 Interest on loan 110,000 Doubtful debits 89,000 Discount allowable 66,000 Dividend received 20,000 Rent received 10,000 Discount received 100,000 Bad debts recovered 80,000 Rent expenses78,000 * Discount allowed 80,000

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

The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is gross margin? P145,000 P105,000 P140,000 P90,000
Income statement With formula.
how is income tax expense calculated?
The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is the net income? P60,000 P65,000 P55,000 P180,000
Based on the table given below, Net Income Model Data 1 B Sales Cost of Goods Sold $10.000.000 6400.000 Administrative Expenses 500,000 Selling Expenses 5.900.000 Depreciation Expenses 250.000 10 Interest Expenses 20000 11 Taxes $620,000 12 13 Model 14 15 Kiss Profi 1,000,000 16 Operating Expenses 52.110.000 19 Net Operating Inome 1.450.000 arnings Before Tenes 1350.000 19 20 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section?. -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11
Question: Use the information given below. Accounts Payable $125,000 Accounts Receivable $175,000 Accrued Expenses $80,000 Cash $50,000 Common Stock $20,000 Cost of Goods Sold $400,000 Depreciation Expense $30,000 Gross PPE $700,000 Inventory $250,000 Long Term Debt $150,000 Net PPE $250,000 Note Payable $30,000 Operating Expenses $200,000 Sales Tax Expense Total Equity $950,000 $25,000 $340,000 What is the value of total assets?
prepare a balance sheet and income statement from the following information: Cash $625.00 Revenue $21,000.00 Note Payable $5,000.00 Retained Earnings $10,600.00 Expenses $7,000.00 Issued Capital Stock $500.00 Accounts Receivable $2,500.00 Inventory $6,900.00 Accounts Payable $1,000.00 Cost of Goods Sold $10,500.00 Accrued Sales Tax $1,425.00 Prepaid Insurance $12,000.00 Plz answer fast without plagiarism i give up vote
Given the following information: $8 million $10 million $7 million $3 million Average Inventory: $6 million Average A/R: Average Fixed Assets: Accounts Payables:$4 million Revenues: $2 million Liabilities: Total Expenses: Cost of Goods Sold: $10 million Assume no other assets or liabilities exist beyond what is articulated above. a. Compute Net Profit Margin b. Compute Total Asset Turnover c. Compute Return on Equity (ROE) d. Compute Inventory Turnover e. How much equity would have to be swapped out for debt to increase ROE by 1% assuming that nothing else changes? f. What is the firm's sustainable growth rate if dividends are equal to $0.5 million?
Newark Company has provided the following information: • Cash sales, $450,000 Credit sales, $1,350,000. Selling and administrative expenses, $330,000 Sales returns and allowances, $90,000 Gross profit, $1,360,000 Increase in accounts receivable, $55,000 Bad debt expense, $33,000 Sales discounts, $43,000 Net income, $1,030,000 How much are Newark's net sales? $1,800,000. $1,634,000. $1,667,000. $1,745,000.
View Policies Current Attempt in Progress A company has the following balances: Sales revenue $312.000: Sales Returns and Allowances $2.000: Sales Discounts $4,000: Cost of Goods Sold $184,000: Operating Expenses $84,000. Assume there are no other revenues, other expenses, or income tax expense. How much is the profit margin? O 16.0% O 12.2% O 12.4% O 41.0 % eTextbook and Media Hint 4 ! Save for Later Using multiple attempts will impact your score 10% soore reduction after attempt 1 Attempts; unlimited Submit Answer
Beardom Gym Center Cash P150,000 Trading Investments 70,000 Receivables: Jan. 1 158,000 Dec. 31 225,000 Merchandise Inventory Jan. 1 250,000 Dec. 31 185,000 Current Liabilities 230,000 Cost of Goods Sold 2,750,000 Credit Sales 4,800,000 Calculate the following: 1. Inventory turnover 2. Receivable turnover 3. Average age of receivables Question; Is Beardom doing a good job in managing inventory and receivables? Explain.
Sales revenue $104,000 $enter a dollar amount Sales returns and allowances enter a dollar amount 4,000 Net sales 98,000 129,000 Cost of goods sold 64,600 enter a dollar amount Gross profit enter a dollar amount 56,760 Operating expenses 20,400 enter a dollar amount Net income enter a dollar amount 21,930 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 75.5%.) Crane Company Sheridan Company Profit margin enter profit margin in percentages rounded to 1 decimal place % enter profit margin in percentages rounded to 1 decimal place % Gross profit rate enter gross profit rate in percentages rounded to 1 decimal place % enter gross profit rate in percentages rounded to 1 decimal place %