i need Part B solution Part A here solution Computation of net income:Net sales680,400Less: cost of goods sold(327,600)Gross profit352,800Less: administrative expense(126,000)Less: selling expense(100,800)Operational income126,000Discontinued operations (loss before income tax)(50,400)Income before tax75,600Less: income tax (30%)(22,680)Net income52,920 Hence, net income for 2022 is calculated as €52,920. Crane Ltd. has retained earnings of NT$715,900 at January 1, 2022. Net income during 2022 was NT$1643,100, and cash dividendsdeclared and paid during 2022 totaled NT$80,700. Prepare a retained earnings statement for the year ended December 31, 2022. (Listitems that increase retained earnings first.)CRANE LTDRetained Earnings StatementNT$NT$> (b)Prepare a partial income statement beginning with income before income tax, and including appropriate earnings per shareinformation. Assume 20,000 ordinary shares were outstanding during 2022. (Round earnings per share to 2 decimal places, eg. 1.58.)SPLISH SAIncome Statement>>><>>>>

Income statement of the business shows all incomes and all expenses of the business and at the end…

i need Part B solution Part A here solution Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit 352,800 Less: administrative expense (126,000) Less: selling expense (100,800) Operational income 126,000 Discontinued operations (loss before income tax) (50,400) Income before tax 75,600 Less: income tax (30%) (22,680) Net income 52,920 Hence, net income for 2022 is calculated as €52,920.

i need Part B solution Part A here solution Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit 352,800 Less: administrative expense (126,000) Less: selling expense (100,800) Operational income 126,000 Discontinued operations (loss before income tax) (50,400) Income before tax 75,600 Less: income tax (30%) (22,680) Net income 52,920 Hence, net income for 2022 is calculated as €52,920.

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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Vinubhai
2. What is the Pre-tax returns on Sales if the customer retention changed to 75%?
Based on the table given below, Net Income Model Data 1 B Sales Cost of Goods Sold $10.000.000 6400.000 Administrative Expenses 500,000 Selling Expenses 5.900.000 Depreciation Expenses 250.000 10 Interest Expenses 20000 11 Taxes $620,000 12 13 Model 14 15 Kiss Profi 1,000,000 16 Operating Expenses 52.110.000 19 Net Operating Inome 1.450.000 arnings Before Tenes 1350.000 19 20 Net Income which of the following formulas would be used to calculate the net income value using only the information in the Model, and not in the Data section?. -B6-B15 -B15-B16-B17+B18 -B5-B17 -B18-B11
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View Policies Current Attempt in Progress A company has the following balances: Sales revenue $312.000: Sales Returns and Allowances $2.000: Sales Discounts $4,000: Cost of Goods Sold $184,000: Operating Expenses $84,000. Assume there are no other revenues, other expenses, or income tax expense. How much is the profit margin? O 16.0% O 12.2% O 12.4% O 41.0 % eTextbook and Media Hint 4 ! Save for Later Using multiple attempts will impact your score 10% soore reduction after attempt 1 Attempts; unlimited Submit Answer
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Income Statement for Bearcat Hathaway, 2022 Sales Less Cost of Goods Sold Gross Profit Less General & Administrative Expenses $10,000,000 $2,470,732 $7,529,268 $1,438,438 $2,656,922 $3,433,908 $924,283 $2,509,625 $527,021 $1,982,604 $312,519 Less Depreciation Earnings Before Interest and Taxes Less Interest Paid Taxable Income (or Earnings Before Taxes) Less Taxes (21% Tax Rate) Net Income Dividends Calculate the operating cash flow. $6,090,830 $1,304,007 $3,433,908 $5,563,809 O $1,982,604
Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes. LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 259,000 209,000 $ 50,000 24,500 $ 25,500 19,000 $ 6,500 2,275 $ 4,225
Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Income taxes Net income $ 236,352 95,012 15,897 $11,128 $ · b. $537,356 $ 168,652 90,292 23,508 98,944 138,768 16,027 $48,081 d $667,836 453,504 59,104 $177,312
Warrior Industries Income Statement for year ending 12/31/20XX Sales revenue Less cost of goods sold Gross margin Less operating expenses Marketing Sales and administrative Depreciation ood to go Total operating expenses Operating income Less interest expense Income before taxes Income tax expense Net income E 40,000 20,000 10,000 5. 456,428 205,200 251,228 70,000 181,228 7,000 174,228 40,000 134,228 Assets Current Assets Cash Accounts receivable Inventory Fixed assets Total assets O Warrior Industries Balance Sheet for 12/31/20XX Total current assets Property, plant and equipment Accumulated depreciation Net fixed assets Liabilities and Owner's Equity Current liabilities Accounts payable Note payable to bank Deposits from customers N Total current liabilities Long term mortgage Owner's Equity Total liabilities Retained earnings Total Owners' Equity Total liability and equities $ 52,400.00 $ 11,000.00 $ 15,900.00 $ 79,300.00 $ 80,000.00 $ (20,000.00) $ 60,000.00 $139,300.00 $ 5,300.00…

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bartleby, a Learneo, Inc. business

Net sales	680,400
Less: cost of goods sold	(327,600)
Gross profit	352,800
Less: administrative expense	(126,000)
Less: selling expense	(100,800)
Operational income	126,000
Discontinued operations (loss before income tax)	(50,400)
Income before tax	75,600
Less: income tax (30%)	(22,680)
Net income	52,920