evenue ost of Goods Sold perating Expenses preciation ЗІТ terest xes et Income 61,400 19,648 15,964 3,117 22,671 3,280 5,526 13 865 65,391 69,445 74,167 20,925 22,222 23,733 17,002 18,056 19,283 3,192 3,266 24,272 25,901 3,280 5,983 15.009 3,120 6,493 16 288 3,380 27,771 3,040 7,048 17.683 79,062 25,300 20,556 3,465 29,741 2,960 7,633 19 148
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what is the degree of financial leverage (DFL) for the years 2019-2022
The degree of combined leverage (DCL) for the years 2019-2022
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- 1. What is the Gross Profit under Multiple Step Income Statementa. 389816b. 505526c. 446773d. 972299 2. What is the total selling Expenses under multiple step income statement? a. 118295 b. 253021 c. None of the above d. 856589 3. What is Total general & Administrative Expenses under Multiple step income statement? a. 18500 b. 253021 c. None of the above, d. 118595Selected financial information for Frank Corporation is presented below. Selected 2017 transactions are as follows: a. Purchased investment securities for $5,200 cash. b. Borrowed $15,400 on a two-year, 8 percent interest-bearing note. c. During 2017, sold machinery for its carrying amount; received $11,300 in cash. d.Purchased machinery for $50,400; paid $9,200 in cash and signed a four- year note payable to the dealer for $41,200. e. Declared and paid a cash dividend of $10,200 on December 31, 2017. Selected account balances at December 31, 2016 and 2017 are as follows: December 31 2017 2016 $ 77,400 $21,200 Cash Accounts receivable Inventory Accounts payable Accrued wages 17,200 52,200 7,200 12,100 60,400 10,400 900 1,200 payable Income taxes payable 5,200 3,100 One-fourth of the sales and one-third of the purchases were made on credit. FRANK CORPORATION Statement of Earnings For the Year Ended December 31, 2017 $404,000 270,000 Sales revenue Cost of sales Gross profit Expenses…Conversion cost during the period? Cost of goods available for sales? Cost of goods sold? If the product was sold P80 per unit, how much was its unit cost? Inventory value that should be shown in the Statement of Financial Position of 08/31/21?
- For your convenience, the summary of transactions from the previous question is duplicated below. Sample Cafe Transactions Item 8,100 medium cups of coffee sold at $3.00 each 4,400 large cups of coffee sold at $4.00 each Espresso maker purchased last year for $12,000 $480 premium for business insurance $3,700 for rent $2,200 for coffee beans $1,600 for coffee cups $15,700 to employees for payroll $100 of interest on loan $1,000 for electricity and water $11,600 in advertising Includes 500 medium cups medium cups sold to the college and delivered to a reception that has been invoiced, but not yet paid. 5-year life Premium for full year Includes $2,100 in rent deposits. Includes coffee discarded valued at $100 Notes 0 cups in inventory at the beginning of January. $800 worth of cups still in inventory at the end of month. $2,500 owed in payroll taxes Paid mid-month Includes $600 in utility deposits $2,900 per week billed monthly Now use the transaction information to create a…1-The base used in estimating the Allowance for uncollectible is a. Percentage of Net profit b. Percentage of purchases c. Percentage of Gross Profit d. Percentage of salesWhat amount should be reported for the year ended December 31 as:A. SalesB. Cost of SalesC. Gross profit
- What entry format is appropiate if sales returns and allowances occur on factored accounts? a. Sales returns and allowances xx Receivable from factor xx b. Reveivable from Factor xx Factoring expense xx c. Sales returns and allowances xx Factoring expense xx d. Reveivable from factor xx Accounts receivable xxAllison Corporation acquired 90 percent of Bretton on January 1, 2019. Of Bretton's total acquisition-date fair value, $60,000 was allocated to undervalued equipment (with a 10-year remaining life) and $80,000 was attributed to franchises (to be written off over a 20-year period). Since the takeover, Bretton has transferred inventory to its parent as follows: Transfer Price Year Cost 2019 $45,000 $90,000 $ 2020 48,000 80,000 2021 69,000 92,000 Remaining at Year-End 30,000 (at transfer price) 35,000 (at transfer price) 50,000 (at transfer price) On January 1, 2020, Allison sold Bretton a building for $50,000 that had originally cost $70,000 but had only a $30,000 book value at the date of transfer. The building is estimated to have a five-year remaining life (straight-line depreciation is used with no salvage value). Selected figures from the December 31, 2021, trial balances of these two companies are as follows: Sales Cost of goods sold Operating expenses Investment income Inventory…Calculation of Net Income and Cost of Goods Sold
- Under PFRS 15, what is the measurement of consignment sales revenue? A. Realizable value of consideration received or receivable B. Fair value consideration received or receivable C. Book value consideration received or receivable D. Cost of consideration received or receivableHh1. calculate net sales, cost of goods sold and gross profit from salesThe following are several figures reported for Poyer and Sutter as of December 31, 2024: Sutter $ 280,000 760,000 Items Inventory Sales Investment income Cost of goods sold Operating expenses Poyer $ 480,000 960,000 480,000 220,000 380,000 290,000 Poyer acquired 90 percent of Sutter in January 2023. In allocating the newly acquired subsidiary's fair value at the acquisition date, Poyer noted that Sutter had developed a unpatented technology worth $74,000 that was unrecorded on its accounting records and had a five-year remaining life. Any-temaining excess fair value over Sutter's book value was attributed to an indefinite-lived trademark. During 2024, Sutter sells inventory costing $128,000 to Poyer for $176,000. Of this amount, 15 percent remains unsold in Poyer's warehouse at year-end. Required: Determine balances for the following items that would appear on Poyer's consolidated financial statements for 2024: Note: Input all amounts as positive values.