ENTREPRENEURSHIP_LAS_2nd-C x+O File | C:/Users/user/Downloads/ENTREPRENEURSHIP_LAS_2nd-QUARTER-for-printing.pdf...(D Page view A Read aloudO Add text | V Draw9 HighlightO Erase18of 29Directions: Solve the given problem. Show complete solution.7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount.When he got back to Peñablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00each. How much profit did Carl gain?8. 2. A watch owner sold a total of 1,000 watches for P1, 000 each for the month of January. He boughtthose watches from a supplier at P400 each. The business paid utilities amounting to P40, 000,miscellaneous P30, 000, internet connection P10, 000 and interest expense of P50, 000 for January.How much is the profit/ loss for the period?Exercise #2: PROFITABILITY RATIODirections: Compute for the profitability ratios. Show complete solution.HAKDOG CORPORATIONINCOME STATEMENTFor the period ended January 2021P 500, 000Net Sales150, 000PXXX100, 000Р XXXLess: Cost of Goods Sold/ Cost of salesGross ProfitLess: Operating ExpenseOperating ProfitLess: Finance CostProfit50, 000Р XXXCompute for:A. Gross Profit MarginB. Operating Profit MarginC. Net Profit MarginActivate WindowsGo to Settings to activate Windows.6:39 PMP Type here to searchHi31°C Mostly cloudy11/30/2021

Net profit means the difference between the income and expenses. Financial statement means the…

Directions: Solve the given problem. Show complete solution. 7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount. When he got back to Peňablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00 cach. How much profit did Carl gain?

Directions: Solve the given problem. Show complete solution. 7. 1. Carl Joshua went to Baguio and bought 20 jars of strawberry jam for P5, 000.00 with 10% discount. When he got back to Peňablanca, he sold 10 of the jars for a total of P3,000.00 and the rest at P320.00 cach. How much profit did Carl gain?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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