Compute for the Net Income of Café 7 DREAM for the year ended December 31, 2020, based on the accounts listed below. Sales P900,000 Ingredients Expense P200,000 Wages Expense P100,000 Utilities Expense P90,000 P45,000 Store Supplies Expense P20,000 Store Equipment Expense Note: For the amount do not include a peso sign or comma symbol. If there is a cent, simply include a decimal point then the cent amount, and round off the nearest hundredths.

Compute for the Net Income of Café 7 DREAM for the year ended December 31, 2020, based on the accounts listed below. Sales P900,000 Ingredients Expense P200,000 Wages Expense P100,000 Utilities Expense P90,000 P45,000 Store Supplies Expense P20,000 Store Equipment Expense Note: For the amount do not include a peso sign or comma symbol. If there is a cent, simply include a decimal point then the cent amount, and round off the nearest hundredths.

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

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In 2020, HK company has net credit sales of 925,000S for the year. It had a beginning accountreceivable (net) balance of 38,000$ and an ending account receivable (net) balance of 36,000$. The HK company account receivable turnoveris a. 24.3 Ob. 25.7 Dic. 25 d. 22
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From the Trial Balance, Prepare the statement of comprehensive income for the year ended 31 December 2020.
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