has the following information: Sales P 480,000 Operating expenses 300,000 Net loss (60,000)
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Peace Inc. has the following information:
Sales P 480,000
Operating expenses 300,000
Net loss (60,000)
How much is the entity's cost of sales?
A. 340,000
B. 360,000
C. 240,000
D. 420,000
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- Peace Inc. has the following information: Sales P 480,000 Operating expenses 300,000 Net loss (60,000) How much is Peace Inc.'s gross profit if its gross profit is 50% based on sales?A. 260,000B. 180,000C. 240,000D. 280,000The follooving information relates to Snorbird Corporation Sales at the breakeven point P312.500 lotal foed expenses 250,000 et opetating income 150,000 what is Sncwbird s margin of safetyConsider the following information for Ball Corp. $ 40,000 70,000 350,000 30,000 110,000 17,500 Selling and administrative expense Depreciation expense Sales Interest expense Cost of goods sold Таxes What is the operating profit for Ball Corp.?
- Oreo reported the following for the period:Sales P1,000,000Cost of Sales P300,000Operating expenses P100,000Determine the OSD assuming that Oreo is a corporationThe following extracts relate to Company X and Company Y for 20X1: Co X $000 Co Y $00 Revenue 20,000 26,000 Cost of sales (15,400) (21,050) Gross profit 4,600 4,950 Expenses (2,460) (2,770) Operating profit 2,140 2,180 What is the operating profit margin for both companies for 20X1? Со х Co Y A 10.7% 8.38% В 8.38% 10.7% 23% 19% D 12% 10%If the net sales 1250 000 ID., selling expenses 250 000 ID., Administrative expenses 250 000 ID., the cost of goods sold 1o00 000 ID., the cost of purchases 750 000 ID., the income tax 45 * -:000 ID., the gross profit are 250 000 ID. O 1500 000 ID. ) 1000 000 ID. O no one
- Use the following information (in thousands):a. ¥126,000 d. ¥63,000Answer:1Sales revenue¥300,000 Gain on sale of equipment90,000 Cost of goods sold164,000 Interest expense16,000 Selling & administrative expenses30,000 Income tax rate30%Determine the amount of net income.5. If sales revenues are P400,000, cost of goods sold is P310,000, and operating expenses are P60,000 the gross profit is: a. P90,000O b. P340,000 c. P400,000 d. P30,000If the gross profit 196 000 ID, other revenue and gains 4 360 ID , operating expenses 143.900 ID, net purchases 1200000ID the net profit is:
- lf the net sales 330 000 lD ., other revenue and gains 170 000 lD., building 500 000 lD ., notes payable 120 000 lD., cost of purchases 150 000 lD ., other expenses and losses 150 000 lD., the net profit is:- 250 000 lD. 830 000 lD . 120 000 lD . 200 000 lD . no one .Gain on Sales of Investment 5,000.00 Adversiting Expense 8,000.00 Sales 100,000.00 less: Cost of Goods Sold 20,000.00 Other Interest Expense 2,000 Gross Profit ? Net Profit ? Operating Income ?The following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000