Equity ending 95,000 Income 120,000 Equity beginning 60,000 What is the amount of expense?

Q: (f) Bought goods on credit $2200

A: An accounting equation refers to a mathematical representation of the transaction. It indicates that…

Q: Total assets    $18,400 Total Liabilities $9,050 Equity?

A: The accounting equation refers to the equation of the balance sheet. It is based on the method that…

Q: Debentures 1, 50, Equity Capital 2, 00, General Reserve 90, Accumulated profit 60, What Is debt…

A: Formula to Calcualte Debt Equity Ratio: Debt Equity Ratio = Long Term Debt / Shareholders equity…

Q: If this information was used to prepare an income statement, Income from Operations should be:

A: The earnings generated from the primary business activity of the entity is called as operating…

Q: Salary is R17100,50 What is the total of income

A: To calculate the annual income from a monthly salary, you simply multiply the monthly amount by the…

Q: Exercise 10-4A (Algo) Determining the present value of an annuity LO 10-1 The dean of the School of…

A: Net present value refers to the method of capital budgeting used for calculating the difference…

Q: A company reports the following income statement and balance sheet information for the current year:…

A: Return on total assets is calculated by dividing income before interest by average total assets.…

Q: Determine the missing amount Assets                     Liabilities                      Equity…

A: Formula for accounting equation: Assets = Liabilities + owners equity + Revenues - Expenses.

Q: What is the total amount of credits? Cash : 12,000 Retained earnings : 31,000 Prepaid Rent : 2,000…

A: In accounting, there are two sides of each account. One is debit and other is credit. All assets and…

Q: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent…

A: Gross profit = sales - cost of goods sold = 100000 - 40000 = OMR 60000

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…

A: Theory concept: Net profit: Net profit is a income statement item. In income statement all the items…

Q: Given the following, what is the level of total assets? Item Investment account Primary residence…

A: Here,Investment Account is $250,000 ( This is Investment head under assets)Primary Residence is…

Q: Question / Money 10,000,000, retained earnings 5,000,000, millions of financial reserves 4,000,000,…

A: Solution- Money 10000000 Retaining earning 5000000 financial reserves 4000000 Equity…

Q: Calculate net profit from the following? Net sales OMR 50000, Cost of goods sold OMR 20000, Rent…

A: Net profit is the amount remain after payment of all expenses.it can be calculated         Net…

Q: QUESTION 10 A company has a Return on Equity of 0.36, a Profit Margin of 0.15 and Total Asset…

A: The Return on Equity as per Du Pont Model will be calculated. The return on equity using the DuPont…

Q: Times interest earned A company reports the following: Income before income tax expense $3,075,800…

A: Solution: Times interest earned ratio = Income before interest and income taxes / Interest expense…

Q: imes interest earned A company reports the following: Income before income tax expense $4,628,400…

A: Formula for times interest earned is "Income before interest expense and income taxes/Interest…

Q: be the net income? a. 72000 b. 56000 c. 16000 d. 338000 Clear my choice Question 43 Not yet answered…

A: The trial balance consists of all the items of business transactions. It has assets, liabilities,…

Q: Liabilities P120,000 Equity, end 80,000 Revenues 250,000 290,000 Expenses 1. How much were total…

A: The fundamental accounting equation, also called the balance sheet equation, represents the…

Q: Complete the table below: Capital Assets Liabilties 100, 000 ? 20, 000 ? 250, 000 150, 000 85, 000…

A: As per dual concept of accounting, every transaction has dual effect on the books of accounts of the…

Q: Begining od year Service Revenwes 200,000 salary expenseses Rent expenses 160,000 40,000 R00 o…

A: Temporary accounts are those which are closed at the end of each accounting year. So at the end of…

Q: Use the following information from separate companies a through d: Net Income (Loss) Interest…

A: The times interest earned (TIE) ratio, also known as the interest coverage ratio, is a financial…

Q: Which balance sheet line item has the highest percentage increase from the prior year to the current…

A: Comparative balance sheet used to compare the financial statement of two or more periods. It is…

Q: $1,000 Accounts Receivable 100 Accounts Payable (4,000) Accumulated Depreciation 8,000 Cost of Goods…

A: 1. Income Statement - This statement shows the income earned and loss incurred by the organization…

Q: Palmer Co. had the following amounts for its assets. liabilities, and stockholders' equity accounts…

A: We have, Net realizable value of assets : Cash = $20,000 Accounts receivable = $80,000 Inventory =…

Q: The "Cost of goods sold" account is associated with which of the following major categories? O…

A: The direct cost which is expended for the production of the goods is known as COGS. It includes…

Q: Prepaid expenses = 1,000; Net Credit Sales = 100; Inventory = 3,000; Cost of Goods Sold = 100;…

A: Current assets means those assets which will be converted in to cash in near future generally one…

Q: Cash Accounts Receivable Inventory Long-term Assets Accounts Payable Wages Payable Long-term…

A: Working capital helps to know the net liquidity position of the company. It is a difference of…

Q: Cash 56500 Receivables short term 25800 Invertory Payables short term Payables long term salaries…

A: The working capital is calculated as difference between current assets and current liabilities.

Q: The profit margin is closest to Select one: OA. 19%. OB. 2%. OC. 30%. OD. 89%.

A: · Ratio analysis used to identify the business performance of the company.· It is used to measure…

Q: Net sales OR  207000 Cost of the goods sold OR  165000 Closing Stock OR 8700 Details Debit…

A: Solution:- Introduction:- Calculation of gross profit as follows under:-

Q: How to calculate gross profit percentage will be mItaned

A: A fundamental financial indicator known as gross profit, also known as gross income or gross margin,…

Q: Accounts Receivable $1,000 Accounts Payable 100 Accumulated Depreciation (4,000) Cost of Goods Sold…

A: Net profit margin = Net Income / Net Sales where, Net income is calculated after deducting the total…

Q: Cash P 84,000 Accounts Receivable 48,000 Accrued Service Income 13,000 Prepaid Expenses 18,000…

A: Current assets: Assets that are expected to be sold or used within one year are classified as…

Q: The data below are for Evie Company. Total assets $10,000 Income before interest and taxes 1,000…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Times interest earned A company reports the following: Income before income tax $2,227,800…

A: The time interest earned ratio indicates the ability of the company to pay out its debt obligation…

Q: Determine the current ratio

A: Current Ratio: It is a measure of liquidity and indicates the ability of a firm to pay the…

Q: , What is the total amount of purchases up to April 30? 1 760 000

A: When the business organization needs to goods from the wholesaler or the manufacturing unit for the…

Q: Problem 14 A company reports the following: Income before income tax expense Interest expense…

A: The times interest earned (TIE) ratio, also known as interest coverage ratio, is a financial metric…

Q: A9  please help.....

A: The basic accounting equation is the foundation of all double entry bookkeeping. The accounting…