The income statement of Barela Corporation for 2020 included the following items: Interest income P100,000; Salaries expense 85,000; Rent expense 18,000; The interest receivable, salaries payable and prepaid rent for the year were increased by P12,000, P3,000 and P 2,000 respectively. The cash received for interest during 2020 was Choices; 112,000 88,000 100,000
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- DJ Company’s net accounts receivable were P250,000 as of December 31, 2019, and P300,000 as of December 31, 2020. Net cash sales for 2020 were P100,000. The accounts receivable turnover for 2020 was 5.00. What were DJ’s total net sales for 2020?X Corp’s net accounts receivable were P 250,000 at Dec 31, 2019 and P 300,000 at Dec 31, 2020. Net cash sales for 2020 are P 100,000 and the accounts receivable turnover for 2020 was 5. What were the company's total net sales for 2020?Hamad Corporation's total sales for 2022 were AED 800 million, and gross profit was AED 100 million, current assets AED 200 , cash AED 10 million, accounts receivables 90 million and account payable 40 million. Calculate accounts payable days , collection period, inventory days and accounts payable turn over.
- What is the statement of comprehensive income for the year Dec. 2020 showing the ratio of each item to sales expressed as a percentage (vertical analysis)? Additional information: • There are only 300 business days during the year. The annual amortization of long term notes is 250,000.DJ Company’s net accounts receivable were P250,000 as of December31, 2019, and P300,000 as of December 31, 2020. Net cash sales for 2020were P100,000. The accounts receivable turnover for 2020 was 5.00.What were DJ’s total net sales for 2020? A. P1,500,000B. P1,475,000C. P1,400,000D. P1,375,000Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
- Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%Dhofar Company's income statement for 2020 is given below. If Accounts receivable balances are 14000 in 2020 and 8000 in 2019. Which of the following is cash collections from customers? Sales 50,000 -COGS 30,000 Gross Profit 20,000 -Operating 8,000 Expenses Operating Profit -Interest Expense 12,000 2,000 Profit before Tax 10,000 -Tax 3,000 Net Profit 7,000 Select one: a. 44000 Б. 56000 OC. 54500 d. 61500Use the following information for Ingersoll, Inc., (assume the tax rate is 21 percent): 2019 2020 Sales $ 11,573 $ 15,832 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 926 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Long-term debt 20,320 24,636 Net fixed assets 50,888 54,273 Accounts payable 5,555 5,791 Inventory 14,283 15,288 Dividends 1,411 1,618 For 2020, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
- A.M.I. Corporation reported income taxes of $362,884,000 on its 2022 income statement. Its balance sheet reported income taxes payable of $279,289,000 at December 31, 2021, and $518,663,000 at December 31, 2022. What amount of cash payments were made for income taxes during 2022? Cash payment for income taxes = ? I tried 2022 Income Statement + 2021 Balance Sheet - 2022 Balance sheet. What is the correct formula to calculate?Loak Corporation provides the following data for the year 2020: Cash sales 500,000; Collection from customers 3,950,000; Increase in accounts receivable 250,000; Decrease in notes receivable 50,000; accounts receivable written off 100,000; sales discounts 200,000; and sales return and allowances 70,000 of which 20,000 refunded to customers. What was the amount of gross sales for 2020?a. 5,020,000 c. 4,500,000b. 4,900,000 d. 5,000,000Total Assets for Wendy's Pumpkins on 1 January 2020 was $650,000 and on 31 December 2020 was $850,000. Profit (before tax) for 2020 was $70,000, and the interest expense of the period was $20,000. What was the 2020 Rate of Return on Total Assets for Wendy's Pumpkins? formula: Rate of Return on Total Assets = Profit before Interest and Tax / Average Total Assets Select one: а. 4% O b. 9% О с. 16% O d. 12%