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GIVEN VALUES 2021 2022 2023 2024 492,000 504,300 Gross Sales of PET bottles at 480,000 1.50 (P) Cost of Rawmaterial (direc Cost) Net Sales (P) 516,907.5 96,000 98,400 100,860 103,381.5 384,000 393,600 403,440 413,526 Building Machinery and Equipment (P) Oper ating Cost (P) 1,200,000 1,080,000 960,000 840,000 86,000 88,150 90,353.7 92,612.5 Depreciation(P) 120,000 120,000 120,000 120,000 Tax at 30%of Net sales (P) 115,200 118,080 121,032 124,057.8 Total Expense (P) 321,200 326,230 331,385.7 336,670.3 Net Income P62,800 P67,370 P72,054.3 P76,855.7

GIVEN VALUES 2021 2022 2023 2024 492,000 504,300 Gross Sales of PET bottles at 480,000 1.50 (P) Cost of Rawmaterial (direc Cost) Net Sales (P) 516,907.5 96,000 98,400 100,860 103,381.5 384,000 393,600 403,440 413,526 Building Machinery and Equipment (P) Oper ating Cost (P) 1,200,000 1,080,000 960,000 840,000 86,000 88,150 90,353.7 92,612.5 Depreciation(P) 120,000 120,000 120,000 120,000 Tax at 30%of Net sales (P) 115,200 118,080 121,032 124,057.8 Total Expense (P) 321,200 326,230 331,385.7 336,670.3 Net Income P62,800 P67,370 P72,054.3 P76,855.7

FINANCIAL ACCOUNTING
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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GIVEN VALUES 2021 2022 2023 2024 Gross Sales of PET bottles at 1.50 (P) Cost of Raw material (direct ost) Net Sales (P) 480,000 492,000 504,300 516,907.5 96,000 98,400 |100,860 |103,381.5 384,000 393,600 403,440 413,526 1,200,000 Building Machinery and Equipment (P) Operating Cost (P) 1,080,000 960,000 840,000 86,000 88,150 90,353.7 92,61 2.5 Depreciation(P) 120,000 120,000 120,000 |120,000 Tax at 30%of Net sales (P) 115,200 118,080 121,032 124,057.8 Total Expense (P) 321,200 326,230 331,385.7 336,670.3 Net Income P62,800 P67,370 P72,054.3 P76,855.7
Transcribed Image Text:GIVEN VALUES 2021 2022 2023 2024 Gross Sales of PET bottles at 1.50 (P) Cost of Raw material (direct ost) Net Sales (P) 480,000 492,000 504,300 516,907.5 96,000 98,400 |100,860 |103,381.5 384,000 393,600 403,440 413,526 1,200,000 Building Machinery and Equipment (P) Operating Cost (P) 1,080,000 960,000 840,000 86,000 88,150 90,353.7 92,61 2.5 Depreciation(P) 120,000 120,000 120,000 |120,000 Tax at 30%of Net sales (P) 115,200 118,080 121,032 124,057.8 Total Expense (P) 321,200 326,230 331,385.7 336,670.3 Net Income P62,800 P67,370 P72,054.3 P76,855.7
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