From the following information, calculate Net Profit. Details Debit (RO) Credit (RO) 6500 Salary 14200 Rent 750 Interest Payable 870 Stationery 1850 Insurance 900 Dividend 207000 Net sales Cost of the goods sold 165000 Additional information: Closing Stock OR 8700 Select one: a. RO 19480 O b. RO 10030 O . RO 10780 O d. RO 20230

From the following information, calculate Net Profit. Details Debit (RO) Credit (RO) 6500 Salary 14200 Rent 750 Interest Payable 870 Stationery 1850 Insurance 900 Dividend 207000 Net sales Cost of the goods sold 165000 Additional information: Closing Stock OR 8700 Select one: a. RO 19480 O b. RO 10030 O . RO 10780 O d. RO 20230

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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Consider the following financial statement information: Item Beginning Year Ending Inventory € 9.780 € 11.380 € 4.108 € 4.938 € 7.636 € 7.927 Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold € 89.804 € 56.384 Calculate the operating and cash cycles. How do you interpret your answer?
Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR 2000, Purchases OMR 40000, Sales OMR 80000, Closing Stock OMR 20000, Salaries and wages OMR 10000 and Sales return OMR 6000 a. OMR 40000 b. OMR 52000 c. OMR 38000 d. OMR 28000
Calculate gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 4000. a.OMR 24000 b.OMR 20000 c.OMR 8000 d.OMR 12000
Q.14.
1. Calculate the missing information for the purchase. Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax TotalPurchase Price(in $) Sofa $350.00 5 $ 0 0 $
nku.3
Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000
Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold Gross profit would be O $126400. O $144500. O $113700. O $24200. $ 89500 18100 12700 319200 174700
Merchandise purchased for resale.. • Freight In.. • Freight Out. • Purchased returns. Interest on inventory loan. What is the inventoriable cost of the purchase? Gamma Company provided the following information for the current year: .P 4,000,000 100,000 50,000 20,000 200,000 A. P4,280,000 В. Р4,030,000 С. Р4,080,000 D. P4,130,000
explain your solution Operating margin Market Ratio Operating income Current Ratio = Ravenue 6957873 73686228 = 0.094 Grooss profit cost of goods solds = 0.561 26505347 47180881 Current Assets Current liabilities 72595989 53459728 = 135795657
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