Rent Expense – P3,000.00Service Income, Customer 2(not yet received) – P 25,000.00Salaries Paid to Manager – P9,000.00Service Income, Customer 1-P50,000.00Salaries Paid to Clerk – P5,000.00Utilities Expense – P2,000.00--4. How much is the total expense of Lex Luther Corp?b. P10,000.005. How much is the total revenue of Lex Luther Corp.?b. 25,000.00a. P19,000.00С. Р18,000.00d. P9,000.00а. Р50,000.00С. 35,000.00d. P75,000.00

Name: Rent Expense – P3,000.00Service Income, Customer 2(not yet received)
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Description: Rent Expense – P3,000.00Service Income, Customer 2(not yet received) – P 25,000.00Salaries Paid to Manager – P9,000.00Service Income, Customer 1-P50,000.00Salaries Paid to Clerk – P5,000.00Utilities Expense – P2,000.00--4. How much is the total expe

Total Expenses = Salaries paid to clerk + Utilities Expense + Rent Expense + Salaries paid to…

Business

Finance

Service Income, Customer 1-P50,000.00 Salaries Paid to Clerk – P5,000.00 Rent Expense - P3,000.00 Service Income, Customer 2 (not yet received) – P 25,000.00 Salaries Paid to Manager – P9,000.00 Utilities Expense – P2,000.00 4. How much is the total expense of Lex Luther Corp? b. P10,000.00 5. How much is the total revenue of Lex Luther Corp.? b. 25,000.00 а. Р19,000.00 c. P18,000.00 d. P9,000.00 а. Р50,000.00 с. 35,000.00 d. P75,000.00

Service Income, Customer 1-P50,000.00 Salaries Paid to Clerk – P5,000.00 Rent Expense - P3,000.00 Service Income, Customer 2 (not yet received) – P 25,000.00 Salaries Paid to Manager – P9,000.00 Utilities Expense – P2,000.00 4. How much is the total expense of Lex Luther Corp? b. P10,000.00 5. How much is the total revenue of Lex Luther Corp.? b. 25,000.00 а. Р19,000.00 c. P18,000.00 d. P9,000.00 а. Р50,000.00 с. 35,000.00 d. P75,000.00

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Revenues: Zillinga Pte Ltd Income Statement Year Ended December 31, 2021 Sales revenue Dividend revenue 8,000 239,000 Cost of goods sold 102,000 Salary expense 48,000 Depreciation expense 28,000 13,000 Advertising expense Income tax expense Interest expense 11,000 3,000 205,000 Net income 34,000 Additional data follow: a. Collections from customers are $15,500 more than sales. b. Dividend revenue, interest expense, and income tax expense equal their cash amounts. c. Payments to suppliers are the sum of cost of goods sold plus advertising expense. d. Payments to employees are $1,000 more than salaries expense. e. Cash payment for the acquisition of plant assets is $102,000. f. Cash receipts from sale of land total $24,000. g. Cash receipts from issuance of common stock total $32,000. h. Payment of long-term notes payable is $17,000. i. Payment of dividends is $10,500. j. Cash balance at 31 December, 2020, was $25,000; at 31 December, 2021, it was $28,000. Required: a) Prepare Zillinga's…
Sales = $1,000; Cost of Goods Sold = $500; Depreciation Expense = $100; Administrative Expenses = $100; Interest Expense = $20; Marketing Expenses = $80; and Taxes = $100. The Co's net income is equal to A) $100. B) $150. C) $220. D) $200.
You are given the following information for Smashville, Incorporated. $249,000 $ 2,900 $ 394,000 $ 92,000 $ 7,400 $ 13,000 Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: 21% Gross margin Operating margin Return on assets Return on equity $ 22,000 $ 21,000 $9,000 $ 37,000 $ 139,000 $ 5,000 $ 13,000. $ 49,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. % % % %
For company A and D combined, what is the ratio of revenue stream 1 to revenue stream 2?Company Revenue Stream 1 (millions) Revenue Stream 2 (millions) A 159.2 112.5 B 78.7 62.4 C 33.1 87.2 D 38.8 19.5 E 120.4 102.3
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
The following data are taken from the management accounting reports of Dulcimer Co.: Div. A Div. B Div. C Income from operations $1,900,000 $1,450,000 $1,450,000 Total service department charges 1,700,000 1,050,000 1,100,000 If an incentive bonus is paid to the manager who achieved the highest income from operations before service department charges, it follows that a. Divisions B and C's managers divide the bonus b. Division B's manager is given the bonus c. Division A's manager is given the bonus d. Division C's manager is given the bonus When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing a. budgetary slack b. cushions c. padding d. goal conflict The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product Number ofUnits Labor…
Required information [The following information applies to the questions displayed below.] Suresh Company reports the following segment (department) income results for the year. Sales Department M $ 68,000 Department N $ 38,000 Department 0 $ 65,000 Department P $ 47,000 Department T $ 33,000 Total $ 251,000 Expenses Avoidable 12,300 Unavoidable Total expenses Income (loss) 53,800 66,100 39,400 15,600 55,000 23,900 4,700 28,600 16,500 36,400 42,300 13,300 134,400 123,800 52,900 55,600 258,200 $ 1,900 $ (17,000) $ 36,400 $ (5,900) $ (22,600) $ (7,200) b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated. Total increase in income $ 3,700
Presented below is the income statement of Coming Company: Sales Cost of goods sold Gross profit Operating expenses Income before income taxes $305,000 180,000 $125,000 68,000 57,000 21,400 $35,600 Income taxes Net income In addition, the following information related to net changes in working capital is presented: Cash Accounts receivable Inventories Salaries payable (operating expenses) Accounts payable Income tax payable Debit $9,600 10,000 $15,620 6,400 9,500 2,400 Credit The company also indicates that depreciation expense for the year was $12,360 and that the deferred tax liability account increased $3,080. Required: (a) Compute the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method. (b) Compute the net cash flow from operating activities that would be shown on a statement of cash flows using the direct method. P47 PPT (c) State the major difference between the two methods in handling statement of cash flows.
Aneesh Bird Cope DeSpears Others Estimated percentage uncollectible Total estimated uncollectibles (a) Customer (b) No. Total (1) $ 23,400 36,100 56,000 35,000 Date Not Yet Due $ 41,518 $36,100 5,100 125,100 94,600 $275,600 $135,800 3% $ 4,074 1-30 $10,600 $12,800 5,500 15,500 Account Titles and Explanation Number of Days Past Due 7% $2,212 31-60 15,000 $31,600 $27,800 $45,400 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $11,500. 61-90 12% $45,400 24% $3,336 $ 10,896 Journalize the following events and transactions in the year 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Over 90 (1) March 1, a $1,100 customer balance originating in 2021 is judged uncollectible. (2) May 1, a check for $1,100 is received from the customer whose account was written off as uncollectible on March 1.…
Sales - P1.000,000 Cost of Sales - P500,000 Rental Expenses - P50.000 Salaries Expenses - P40,000 Utilities expense - P10,000 Cash -$25.000 Account Receivable - P15,000 What is the net Income of ASG Corporation? CO P360.000 O P425.000 O P400,000 O P440.000
Required A Required B Required C Compute RSB&T's operating profits. Operating profit Compute the profit from Customer A and Customer B, assuming that customer costs are based only on deposits. Interest costs = {{0.5:#,##0.00}} percent of deposits; operating costs are 4 percent (= $19,500,000/$487,500,000) of deposits.(Do not round intermediate calculations. Round your answers to 2 decimal places.) Profit Per Customer Customer A Customer B Compute the profit from Customer A and Customer B, assuming that customer costs are computed using the information in the activity-based costing analysis. (Do not round intermediate calculations. Round your answers to 2 decimal places. Loss amounts should be indicated by a minus sign.) Customer A Customer B Sales revenue Interest on deposit Total operating cost Customer…
QUESTION 6 A service-based company reports gross revenue of $125,000; sales discounts of $4,500; allowance for doubtful accounts of $6,000; operating expenses of $89,600; and a loss on sale of PP&E of $2,000. What is the company's net income after taxes assuming a tax rate of 20%?

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