answer the following and show the formula 20232024202520262027202820292030RevenueP 3,560,241.12 P 5,349,715.16 P 7,115,176.08 P 8,995,838.82 P 10,997,370.77 P 13,125,662.04 P 15,387,219.60 P 17,788,675.23Cost of Goods SoldOperating ExpensesMarketing ExpensesSelling ExpensesTotal ExpensesP 1,794,618.44 P 1,848,456.99 P 1,903,910.70 P 1,961,028.02 P 2,019,858.86 P1,036,139.05P62,500.00 P325,000.00 P2,080,454.63P2,142,868.27P1,366,516.49 P2,207,154.32550,771.56 P62,500.00 P391,721.96 P711,195.95 P62.500.00 P872,987.58 P1,200,640.99 P1,533,773.06125,000.00 P300,000.0062,500.00 P62,500.00 P62,500.00 P62,500.00251,129.00 P323,456.00345,000.00 P350,000.00 P500,000.00 P800,000.00Profit / LossCumulative CashflowPayback:

The word "payback period" alludes to how long it requires to recoup an investment's cost. Roughly…

Revenue P 3,560,241.12 P 5,349,715.16 P 7,115,176.08 P 8,995,838.82 P 10,997,370.77 P 13,125,662.04 P 15,387,2 Cost of Goods Sold Operating Expenses Marketing Expenses Selling Expenses otal Expenses P 1,794,618.44 P 1,848,456.99 P 1,903,910.70 P 1,961,028.02 P 2,019,858.86 P 2,080,454.63 P 2,142,8 872,987.58 P 1,036,139.05 P 1,200,640.99 P 1,366,5 391,721.96 P 550,771.56 P 711,195.95 P 62,500.00 P 300,000.00 P 251,129.00 P 323,456.00 P 125,000.00 P 62,500.00 P 62,500.00 P 62,500.00 P 62,500.00 P 62,5 345,000.00 P 325,000.00 P 350,000.00 P 500,0

Revenue P 3,560,241.12 P 5,349,715.16 P 7,115,176.08 P 8,995,838.82 P 10,997,370.77 P 13,125,662.04 P 15,387,2 Cost of Goods Sold Operating Expenses Marketing Expenses Selling Expenses otal Expenses P 1,794,618.44 P 1,848,456.99 P 1,903,910.70 P 1,961,028.02 P 2,019,858.86 P 2,080,454.63 P 2,142,8 872,987.58 P 1,036,139.05 P 1,200,640.99 P 1,366,5 391,721.96 P 550,771.56 P 711,195.95 P 62,500.00 P 300,000.00 P 251,129.00 P 323,456.00 P 125,000.00 P 62,500.00 P 62,500.00 P 62,500.00 P 62,500.00 P 62,5 345,000.00 P 325,000.00 P 350,000.00 P 500,0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

24 - Which of the following is the approximate amount of Cost of Goods Sold according to the First In First Out (FIFO) method ? a) 49,800 TL B) 36,549 TL NS) 33,480 TL D) 56,451 TL TO) 43,480 TL
How much will be the freight in share of C if base on invoice price and in weight P190, P156.25 P95, P106.25 P142.50, P131.25 P95, P156.25
What is the cost of goods sold? O A. $751,700 OB. $364,500 O C. $455,400 O D. $520,600
Product Quantity Cost Net Realizable Value Revolvers 17 124 159 Spurs 28 25 20 Hats 11 54 44 • 3,152. S3,402. $3,244. $3,747. At what amount should OldWest report its inventory?
Question 25 25. (CLO5, PLO5, ZULO1) The journal entry for purchase of inventory on account will require a: O debit to cost of goods sold and credit to inventory debit to sales returns and credit to revenues debit to inventory and credit to accounts payable debit to inventory and credit to accounts receivable
The Music carries a large inventory of quitars and other mussical instruments Tho store usos the FIFO method and a perpetual inventory system Company records indicato the following for a particular line of quitars Propare the porpotual inventory record Start by entering the opening balance of inventory Enter the transactions in chronological order When entenng sales, enter the oldost cost in the first line Bo sure to calculate the balance after each transaction (Use parentheses or a minus sign in front of the quantity and the total cost when those numbers are subtracted from inventory) Date Item Quantity Unit Cost Sep Balance $900 6. Sale 3 Purchase 12 $830 Dale Quantity Unit Cost Total Cost 17 Sale 15 900 4 500 30 Purchase $830 Sep (3) (2,700) 6. Required Prepare a perpetual inventory record for the guitars Then determine the amounts The Music should report for ending inventory and cost of goods sold under the FIFO method 1 800 Bal 12 9 960 8. 830 14 11 760 Bal 17 (2) 900 (1.800) (2)…
The cost of goods manufactured was P49,632.50 P28,762.50 P27,747.50 P50,647.50
P 750,000 19. Sales revenue Freight in Beginning inventory Purchases discounts Sales returns and allowances Operating expenses Ending inventory Purchases 44,000 75,000 20,000 44,000 99,000 72,000 415,000 Sales discounts 25,000 William Browning, withdrawals Purchase returns and allowances 61,000 36,000 A. The total cost of goods available for sale is: a. P388,000 b. P478,000 C. P470,000 d. P394,000 B.The cost of goods sold is: a. P470,000 b. P478,000 C. P406,000 d. P351,000
Holdaway's cost of goods sold for the year isa. 257,000 b. 260,500 c. 261,000 d. 269,500
45 Calculate gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return inwards OMR 5000. t of O a. OMR 10000 stion O b. OMR 15000 O c. OMR 5000 O d. OMR 45000 In which of the following Inventory techniques are the 立

Fle LUIL Iset Omlat Ticip 10 B I U S A 田 Arial f Cost of Goods Sold3= U Y H. K L M A B C. 43 UFO 44 45 Date Item Quantity Cost Per Unit Total 46 47 Ending Inventory Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses $1.400.00 Gross Profit %=== Net Income AVERAGE COST 70 71 Average Cost Per Unit= Cost of Goods Sold=: Ending Inventory 74 77 Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $1,400.00 Gross Profit %= Sheet1 Sheet2 Sheet3
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