FDN Accounting Services purchased office supplies for P52,000 on terms 30% down payment and the balance 2/10 n/30. How much is the increase in the total assets of the business?
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- Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.FDN Accounting Services purchased office supplies for P31,000 on terms 20% down payment and the balance 2/10 n/30. How much is the increase in the total assets of the business?Stacy Accounting Services purchased office supplies for 44,000 on terms 20% down payment and the balance 2/10 n/30. How much is the increase in total assets of the business?(show solution)
- Below is financial information ($ values are in millions) in a model. Net income during the year for this company would be: Revenues SG&A Expenses Interest Expense Select one: OA. $4.5 million OB. $3.6 million O C. $16.6 million OD. $0.9 million $67.30 $4.70 $8.10 Cost of Goods Sold Depreciation Tax Rate $43.20 $6.80 20%Phina A. Asa Trading gives you the following information for the year ended December 31,2019 a. Cost of Sales (60% of sales) Php. 57,600.00 b. Cash sales ? 79,160.00 7,000.00 10,275.00 4,000.00 6,500.00 2,138.00 c. Cash paid to suppliers d. Paid taxes e. Purchased equipment f. Paid dividends g. Proceeds of loan Cash, beginning 01/2019 Note: Sales are recorded under cash basis.Prepare an income statement if your company’s gross sales isP300,000, with operating expenses of P100,000, and administrativecosts of P30,000. What is its gross income?
- Dok ences Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) Cash Accounts receivable (net) Inventory Plant and equipment (net) Accounts payable Long-term notes payable* Common shares Retained earnings $ Focus Metals Inc. Income Statement Net sales Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations: 2023 23 $ 414 74 2,686 297 1,770 370 760 For Year Ended November 30 (millions of $) $ *90% of the plant and equipment are secured by long-term notes payable. 2,770 213 2022 93 260 67 2,330 370 277 2023 2022 $2,790 $1,992 972 762 $1,818 $1,230 102 $ 745 847 971 $ 102 612 714 516Selected accounts are listed below. How much is the firm's operating income? accrued payroll $2,000 sales 45,000 cost of goods sold 26,000 interwst expense 1,000 expenses ( other than interest) 8,000 answer:Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total assets, beginning of the year, P185,000; Total assets, end of the year, P215,000; Return on assets, 15.5%; Tax rate, 30%. What is the net income of Helo Co.? show solutions
- Aurora Lighting Ltd has the following income statement items: sales of $12 000 000; cost of goods sold of $4 000 000; other operating expenses of S1 500 000; and interest expense of $50 000. 1. Calculate gross profit margin of the company?Last year, MBA companies had account receivable turnover of 15, total asset turnover of 4.5, and total assets of $1,000,000. What was the value of net sales? And the value of MBA’s account receivable?What is the net income for the BlueDragon company given the following list of accounting itens? note: write the number with at most 2 decimal płaces (eg. 95.17) unsorted Profit & Loss items For the year 2020 (in thousand Php) cost of goods sold (192) wage expense (31) communication expense (5) sales 171 office supplies expense |(6) depreciation & amortization (2) repair & maintenance (10) interest income 49 computer expense (5)