Compute 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.

Q: need formula for cost of goods sold

A: Formulea of Cost of Goods sold  Cost of good sold is the cost of the goods which are sold by the…

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A:

Q: What company is better in short-term and why

A: Accounting Ratios- Accounting Ratios are the ratios that are used to compare financial statements of…

Q: Calculate Return on Total Assets for all the years?

A: Formula: Return on Total Assets = ( Net income + Interest expense ) / Average Total Assets

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A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.…

Q: Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation. Cash paid…

A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…

Q: Income 31955 , assets 213000, assets at end year, 259000.  What return on assets

A: Particulars Amount ($) Assets $213,000 Assets at the end year $259,000 Average assets…

Q: Addai Company has provided the following comparative information: 20Y8 20Υ7 20Υ6 20Y5 20Y4 Net…

A: Return on total assets refers to the percentage of operating income earned over the total average…

Q: Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement…

A: For 2022,Cash$290Accounts receivable$960Inventory$1,740Total$2,990Accounts payable$1,460

Q: Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement…

A: Ratio measures the company financial performance and progress over time. It is the qualitative…

Q: 366,939 323,664 41,546 55,671 231,261 202.930 135,678 120,734 106,150 103.013 29,527 17,720

A: The answer has been mentioned below.

Q: Wayne Co.. has the following income statement (in millions): Net Sales Cost of Goods Sold Gross…

A: The net income is calculated as difference between revenue and expenses. The net income percentage…

Q: Given the following information: Dividend Revenue Income tax expense Sales Returns and Allowances…

A: The income statement is one of the financial statements of the business. It tells about the…

Q: What is net income? O 30,000 O 44,600 O 55,000 435,000

A: The net income is calculated as difference between revenue and expenses of the current period.  Net…

Q: Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets Last Year Year Year $1,380…

A: Cash flow from assets represents all cash flows that are recorded by the company that relate to…

Q: Sales revenue - Cost of goods sold = Gross profit - General, sales, and administrative expenses -…

A: The objective of the question is to verify the given financial statement calculations and ensure…

Q: Net sales OR 156000 Cost of the goods sold OR 99700 Details Debit. Credit General expenses 11700…

A: Note:  As question does not exactly specify what to solve but framing of question is such that, Net…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.