Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Direction : Read and analyze the given situation below and
write the answers for each question on your answer sheet. Don’t
forget your solution.
• The Excelsior Merchandising purchased merchandise costing
P250,000.00 for the month of October. It paid P10,000 for
freight (transportation) for the shipment of the goods from the
seller to its store. It insured the merchandise for P25,000. It sold
the merchandise for P420,000. For the current month, it
incurred the following expenses:
Delivery Expense P15,000
Salary Expense P30,000
Miscellaneous Expense P25,000
Utilities Expense P10,000
The firm earned interest on the promissory notes of its
customer amounting to P12,000. It paid interest to the bank on a
loan it took amounting to P8,000
1. Compute for the following:
a. Cost of sales
b. Gross profit
c. Operating Expenses
d. Operating Profit/Loss
e. Other Income
f. Other Expense
g. Net Profit/Loss
Transcribed Image Text:x x Y M b b
* 0 7 l 63% 5:09 PM
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BM QUARTER 2...
DATE OF SUBMISSION:
(Page 1)
V. ASSESSMENT
Post Test
Direction : Read and analyze the given situation below and
write the answers for each question on your answer sheet. Don't
forget your solution.
The Excelsior Merchandising purchased merchandise costing
P250,000.00 for the month of October. It paid P10,000 for
freight (transportation) for the shipment of the goods from the
seller to its store. It insured the merchandise for P25,000. It sold
the merchandise for P420,000. For the current month, it
incurred the following expenses:
Delivery Expense
Salary Expense
Miscellaneous Expense
Utilities Expense
P15,000
P30,000
P25,000
P10,000
The firm earned interest on the promissory notes of its
customer amounting to P12,000. It paid interest to the bank on a
loan it took amounting to P8,000
1. Compute for the following:
a. Cost of sales
b. Gross profit
c. Operating Expenses
d. Operating Profit/Loss
e. Other Income
f. Other Expense
g. Net Profit/Loss
(Page 11)
...
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