The statement of the financial position of BERJAYA Printing Enterprise as of 31 December2020 was shown in Table 1. Distinguish information according to Table 1 to find financialstatement for the year 2020.(i)(ii)Gross profit or lossNet profit or lossTable 1: Financial statement of BERJAYA Printing Enterprise foryear2020January DecemberAssumptions:Start Operation 1/1/2020Cash Injected by ownerYear 2020RM70,000Loan bank (6% for 6 years)RM20,000SalesSales (unit)13,000Selling Price/UnitRM25Purchase Costs/unitRM10Purchase of Photostat machineRM60,000(useful life = 8 years) paid cash RM 60,000 in January 2020Monthly Operating Expenses: (fully paid)4,0002,000SalaryShop space rental500Electricity and other utilitiesTransportation300Maintenance300Advertisements (for the year)3,000Other200

In order to determine the gross profit, the cost of goods sold is required to be subtracted from the…

The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. Gross profit or loss Net profit or loss (ii) Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020 January - December Assumptions: Year 2020 Start Operation 1/1/2020 Cash Injected by owner Loan bank (6% for 6 years) RM 70,000 RM 20,000 Sales Sales (unit) 13,000 Selling Price/Unit RM 25 Purchase Costs/unit RM 10 Purchase of Photostat machine RM 60,000 (useful life = 8 years) paid cash RM 60,000 in January 2020 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation 4,000 2,000 500 300 Maintenance 300 Advertisements (for the year) 3,000 Other 200

The statement of the financial position of BERJAYA Printing Enterprise as of 31 December 2020 was shown in Table 1. Distinguish information according to Table 1 to find financial statement for the year 2020. Gross profit or loss Net profit or loss (ii) Table 1: Financial statement of BERJAYA Printing Enterprise for year 2020 January - December Assumptions: Year 2020 Start Operation 1/1/2020 Cash Injected by owner Loan bank (6% for 6 years) RM 70,000 RM 20,000 Sales Sales (unit) 13,000 Selling Price/Unit RM 25 Purchase Costs/unit RM 10 Purchase of Photostat machine RM 60,000 (useful life = 8 years) paid cash RM 60,000 in January 2020 Monthly Operating Expenses: (fully paid) Salary Shop space rental Electricity and other utilities Transportation 4,000 2,000 500 300 Maintenance 300 Advertisements (for the year) 3,000 Other 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and…

A: Shareholder's EquityThe amount available for the shareholders in the company is called shareholder's…

Q: Avery Corporation Balance Sheet For year ending December 31 2019 2020 2021 ssets Cash & securities…

A: Common size balance sheet is one of the method of financial statement analysis, under which each…

Q: Calculate Debt/(Debt + Equity) and Liabilities/Assets for Dec 2018 and 2019. Dec 31 2018…

A: Financial ratios are the quantitative measures used by analysts to determine the financial…

Q: CALCULATE THE WEIGHTED AVERAGE COSTS OF CAPITAL Short-Term Liabilities: COST Suppliers 1,240,000.00…

A: Weighted Average Cost OF Capital (WACC) =E / (E + D) * Ke + D / (E + D) * Kd E = Equity Value D =…

Q: Seagate Technology reports the following income statement for fiscal 2019. SEGATE TECHNOLOGY PLC…

A: Income statements refer to the showing of the revenues or expenses earned during a period by the…

Q: Ratios For Amazon.com, Inc. (AMZN)…

A: Ratio analysis includes the computation of ratios using elements of financial statements by keeping…

Q: Prepare a COMPLETE statement of cash flows for G. Be sure to label your section answers as provided…

A: In order to understand a company's liquidity and financial health, it is important to understand its…

Q: OVERALL: How do you this company performed when comparing 2020 to 2019? (state at least 4…

A: Ratio analysis can be defined as a technique that is used by the users of the financial statement in…

Q: The consolidated statements of financial position are to be read in conjunction with the…

A: The company's income statement is prepared for arriving at the profits generated by the company…

Q: Condensed financial data of Waterway Company for 2020 and 2019 are presented below. WATERWAY…

A: Statement of cash flows forms a part of financial statements and is prepared with a view to show the…

Q: Using a discount rate of 10 percent, calculate the net present value of each project. (Round your…

A: Net present value is a technique used for making capital budgeting decisions. The company should…

Q: Forecast an Income Statement Seagate Technology reports the following income statement for fiscal…

A: Income statement: Under this Statement showing the company’s performance over a period of time by…

Q: I need help with last problem " return on Equilty" I need rounding it.

A: Return on equity is a financial ratio that explains the percentage of return earned over the equity…

Q: Philly Corporation Philly Corporation Income Statement Comparative Account Information Relating…

A: The financial statements of an organization are prepared for the purpose of presenting important…

Q: What are the firm's days' sales outstanding for 2018 and 2019? Income Statements ($ in millions)…

A: Days' sales Outstanding = 365 × Account Receivable / Sales 2018 (in million) 2019 (in…

Question

The statement of the financial position of BERJAYA Printing Enterprise as of 31 December
2020 was shown in Table 1. Distinguish information according to Table 1 to find financial
statement for the year 2020.
(i)
(ii)
Gross profit or loss
Net profit or loss
Table 1: Financial statement of BERJAYA Printing Enterprise for
year
2020
January December
Assumptions:
Start Operation 1/1/2020
Cash Injected by owner
Year 2020
RM
70,000
Loan bank (6% for 6 years)
RM
20,000
Sales
Sales (unit)
13,000
Selling Price/Unit
RM
25
Purchase Costs/unit
RM
10
Purchase of Photostat machine
RM
60,000
(useful life = 8 years) paid cash RM 60,000 in January 2020
Monthly Operating Expenses: (fully paid)
4,000
2,000
Salary
Shop space rental
500
Electricity and other utilities
Transportation
300
Maintenance
300
Advertisements (for the year)
3,000
Other
200

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

he following information is related to the Doll Pty Ltd. Description 2018 2020 Total revenues (Sales) $2,580 $5,880 Total assets: Beginning of year 1,200 2,290 End of year 1120 2,381 The ratio of sales to assets for 2018 and 2020 will be: Select one: a. 2.22 And 2.52 b. 2.30 And 2.47 c. 1.11 And 1.26 d. 2.15 And 2.56
The balance sheets for a company, along with additional information, are provided below: Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: $ 107,800 $ 118,100 94,500 84,500 2,500 Cash 80,000 100,000 5,000 Accounts receivable Inventory Prepaid rent Long-term assets: 505,000 695,000 (278,000) $1,221,600 Land 505,000 810,000 (433,000) $1,174,800 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: $ 104,000 Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 6,300 9,000 89, 500 12,600 5,500 105,000 210,000 Common stock Retained earnings Total liabilities and stockholders' eguity 725,000 225,500 $1,174,800 725,000 179,000 $1,221,600 Additional Information for 2021: 1. Net income is $74,000. 2. The company purchases $115,000 in equipment. 3. Depreciation expense is $155,000. 4. The company repays $105,000 In notes payable. 5. The company declares and pays…
Income Statement: The income statement of Taco Bell company is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 25,000 24,000 Interest expense 1,200 1,500 Net sales $124,000 S138,000 Selling expenses 11,880 12,720 Income taxes $1,109.5 1,883 108 000 95,000 COGS 450 600 Gain on Sale of land l2020 and
26. Coronado Inc., a greeting card company, had the following statements prepared as of December 31, 2020. CORONADO INC.COMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $7,000 Accounts receivable 61,400 51,500 Short-term debt investments (available-for-sale) 35,000 18,200 Inventory 40,000 60,500 Prepaid rent 5,000 4,100 Equipment 152,900 131,100 Accumulated depreciation—equipment (35,200 ) (25,100 ) Copyrights 45,800 50,000 Total assets $310,800 $297,300 Accounts payable $46,100 $40,100 Income taxes payable 3,900 5,900 Salaries and wages payable 8,000 4,000 Short-term loans payable 8,100 10,000 Long-term loans payable 60,400 69,300 Common stock, $10 par 100,000 100,000…
Need help calculating: A. Economic value added and B. Return on Capital
Calculate: (i) Return on capital employed(ii) Net profit margin(iii) Current ratio
If Net Working Capital Current Assets - Current Liabilities, what is Kelley Corp's net working capital for the year ending December 31, 2023, given the following account balances? Accounts Receivable: $40 Equipment: $20 Accumulated Depreciation: $10 Patent: $50 Inventory: $15 Accounts payable: $30 Goodwill: $65 Long-term note payable: $70 =
Balance Sheet as at As at 30/9/16 As at 30/9/15 $ $ Assets Current assets- Cash 8,200 9,400 Accounts Receivable 107,000 103,500 Inventory 82,700 71,300 Non-current assets less accumulated depreciation 242,600 245,700 Total assets 440,500 429,900 Liabilities and Owners' equity Current liabilities 117,000 120,000 Loan (repayable in 2019) 152,000 150,000 Total liabilities 269,000 270,000 Owners' equity 171,500 159,900 Total Liabilities and Owners' equity 440,500 429,900 Summarised Income Statement of Bishan Enterprise for the year ended 30 September 2016 $ Sales 990,000 Cost of goods sold 580,000 Gross profit 410,000 Operating expenses 350,000 Net profit 60,000 · Note - The owner withdrew $48,400 during 2016. Required: Calculate…