If the net profit 56 460 ID, other revenue and gains 4 360 ID, selling expenses 73 900 ID net purchases 120 000 ID Administrative expenses 70.000 ID. the gross profit are

Q: (f) Bought goods on credit $2200

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

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; s OMR 2,000 and…

A: Ans. Net profit is computed by deducting all direct and indirect expenses from the income received…

Q: Question: 1) Determine the profit/loss figure from the information given below: Sales : $90 000 cost…

A: Profit or loss is the differential between an organization's revenue and all other income, as well…

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

A: Introduction: Net income: deduction of all expenses from revenues derives the net income. Net income…

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: The tollowing accounts are extracted from the worksheet of X Company on December 31, 2020: Cost of…

A: Net purchase :  Net purchase is calculated by taking the total cost of invoiced goods and deducting…

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: Given gross profit = OMR 15000

Q: Problem 2: Sander Company presents the following information below: Sales Cost of Goods Sold Gross…

A: Sales = 970,000 Cost of goods sold = 387,000

Q: Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation. Cash paid…

A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…

Q: Calculate the value of the EBT.

A: An income statement is s financial statement that is prepared to know the amounts of income earned…

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: 23. Given the following, calculate the general and administrative expense. Expenses and losses: Cost…

A: Calculation of general and administrative expenses are as follows

Q: gross profit

A: Gross profit is the excess of sales revenue over cost of sales. Formula: Gross profit = Sales…

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A: Common Size Statement - The Common Size Statement is also known as the vertical analysis method. The…

Q: Cost of the goods sold OR 99700 Details Debit Credit General expenses 11700 Furniture 5100 Salaries…

A: The net income or net profit is considered as the indicator of the financial performance of…

Q: In a period, sales are $140,000, purchases $75,000 and other expenses $25,000. What is the figure…

A: Net profit = Total sales - Total expenses

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: Total Incomes: Sum of all the incomes earned derives the total income. Total income to be shown in…

Q: How do you find the profit margin when given this information?  Revenue: $1000 Expenses: $900…

A: Profit margin is the portion of sales that a company keeps after all costs are subtracted. It…

Q: Income Statement Sales Revenue $ 2,410 Expenses: Cost of Goods Sold Depreciation Expense Salaries…

A: Cash flow statement includes: Cash flows from operating activities Cash flows from investing…

Q: Follow Accrual method Cost of Goods Sold $ 164,000 Income Tax Expense 17,470 Merchandise Sales…

A: Cost of goods sold is the actual cost of goods that are being sold to the customers. Gross profit is…

Q: If the gross profit is P5,000 and the net profit is 25% of the gross profit. What are the expenses?…

A: Given: Net profit = Gross profit x 25%

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: Given the following information: Dividend Revenue Income tax expense Sales Returns and Allowances…

A: The income statement is one of the financial statements of the business. It tells about the…

Q: Sales revenue - Cost of goods sold = Gross profit - General, sales, and administrative expenses -…

A: The objective of the question is to verify the given financial statement calculations and ensure…

Q: If the net profit 56 460 ID ,other revenue and gains 4 360 ID ,selling expenses 73 900 ID , net…

A: Gross Profit of the business is the difference between sales revenue and cost of goods sold. Net…

Q: Net sales OR 156000 Cost of the goods sold OR 99700 Details Debit. Credit General expenses 11700…

A: Note:  As question does not exactly specify what to solve but framing of question is such that, Net…

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

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

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

A: The income statement is an essential part of the financial statements of the company. It is prepared…

Q: REUIRED: 1) Evaluate the profit performance 2) Comment on the assets ,liabilities and owners equity…

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

Q: Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100…

A: An expenses ratio seems to be the percentage of expenses accrued in relation to net contributions…

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

A: Net sales = OMR 100000 COGS = OMR 40000 Rent received = OMR 20000 Salaries = OMR 10000 Insurance =…

Q: S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $10…

A: A common size income statement is that statement in which the figures of Revenue from Operation…

Q: iven the above information, calculate the net income. Enter the value in 2 decimal places, Sales…

A: Time interest earned ratio show the ability of company to pay interest on time and it is the ratio…

Q: Calculate the missing information based on the format of the income statement. Gross Operating Net…

A: Formula: Net profit = Gross margin - Operating expenses

Q: Here are several items that appear on an income statement. Cost of goods sold $4,300 Net sales…

A: Gross profit :— It is the difference between net sales and cost of goods sold.    Gross Profit = Net…

Q: Complete the income statement table below Sales $15,000 Gross income Cost of goods sold Operating…

A: Lets understand the basics. Income statement is a statement prepare which contains the sources of…

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

A: Net profit is the amount the money made by your business after deducting all operating, interest,…

Q: Compute for Net Profit Margin for Year 1: The Derkins Corporation had the following information…

A: Revenue in year 1 = $25512 Net income in year 1 = $615 We need to find the net profit margin for…

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

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: how is income tax expense calculated?

A: Income tax expense is form of direct tax which needs to be paid by individual or business…