have a net loss of -71850, and my capital at the beginning of the year was 1,100,550 complete the income summary account and balance it off
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i have a net loss of -71850, and my capital at the beginning of the year was 1,100,550 complete the income summary account and balance it off
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- lenovo Assignment 3A S1 202 X ownloads/ACCT1002%20Assignment%203A%20S1%202021-%202022%20(1).pdf lagiarism Checker... S https://www.citethi... e (1).pdf 1 Q 回|+%00L ACCT1002 Introduction to Financial Accounting E. Earned Net income $ (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space) firstname Initial Net Income A, P, I, E, V C, O, R, Y K, Q, M, F S, W, G, Z 24 24 %$4 2,000,000.00 %$4 $4 1,400,000.00 1,450,000.00 1,500,000.00 N, B, J, X, H 24 F. Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders. Using the info above and as a guide: A. Prepare the journal entries with narrations to record the following: The issuances of stock. Close out net income to retained earnings. Dividend declared. Close out dividend to retained earnings. 10:25 AM 11/10/2021 10.162.156.242 FOWER 29232 USB TCPAP NO TX AX LNK TX AX LNK ACT LNK F5 F7 Print F4 F10 F11INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses…A2 Fall 2021-2022 OFIN445 Ch. 1-5 Flashcards | Quizt x google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Required Income Statement: The income statement of Fairoz store Inc. is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136,400 $138,000 11,660 12,720 Selling Expense $1,023.0 5,230 Income taxes 99,000 95,000 COGS 770 450 Gain on Sale of land 1. What is the operating profit margin for the company over the years 2020 and 2019 respectively?
- How do you calculate the TTM? Particulars 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TTM Sales ₱ 32,067.00 ₱ 35,422.00 ₱ 70,881.00 ₱ 95,519.00 ₱ 122,128.00 ₱ 165,654.00 ₱ 188,793.00 ₱ 232,834.00 ₱ 263,159.00 ₱ 273,046.00 ₱ 269,693.00 ₱ 294,619.00620Group%20Project%20Latest%2015May2020.pdf You have been newly appointed as an Accounts Executive for Automobile Workshop Sdn Bhd. Mr Bakan and Mrs Sheila, owners of Automobile Workshop Sdn Bhd have been furnished with a "Statement of Accounts" in form of Trial Balance for the first year of operation ended 31 December 2019, by the previous Accounts Executive who had resigned recently.Third Party A/R Report Days Outstanding 91-120 Payer |Payer Code Current 31-60 61-90 121-150 151-180 180+ Total Balance Aetna ΑΕΤΝΑ 7175 3712 402 469 4814 225 1018 17816 Blue Cross/Blue Shield BCBS 18441 9541 1034 856 9307 306 4608 44094 |Cigna Health CGNA 12381 6406 694 900 8616 201 3094 32292 HCSC HCSC 23744 12285 1332 1196 8237 573 2331 49698 Humana | ΗΜΝΑ 32686 16912 1833 2016 15465 1219 3873 74004 Kaiser KSR 1639 848 92 60 924 142 410 4115 Medicaid MDCD 2923 1512 164 157 771 70 730 6328 Medicare MDCR 84021 43472 4712 5264 25830 796 1289 165385 United Health UNHTH 51095 26437 2866 2454 19051 780 2378 105060 WellPoint WLPT 2586 1338 145 94 992 47 646 5848 Worker's Comp WCMP 2220 1149 125 226 15264 691 555 20229 Reports Totals |% Aged 238911 123613 13400 13692 109271 5050 20932 524869 45.52% 23.55% 2.55% 2.61% 20.82% 0.96% 3.99% Note: This is fictional data created for academic purposes.
- 7-2 Project: Company Accour x 121. Project Guidelines and Rubric x 121. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 Average total assets Determine the return on total assets. If required, round the answer to one decimal place. 1.8 Check My Work Divide the sum of net income and interest expense by average total assets. Previa Check My Work ADE dych Resultein education.com/ext/map/index.html?_con3con&external browser=0&laundchUrl%=https%253A%252F%252FIms.mheducat ork: Assignment 2 i panes Otis Company's income statement information folloWS: Year 3 Year 2 Net sales 000ʻ08$ 000'oZT 000'18 000'6 000'008 000'ozeS 000'86 000ʻZL 000'8 000'06Z 000'00z Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year l: $200,000) Common stock, December 31 240,000 The average number of shares outstanding was 9,600 for Year 3 and 8,000 for Year 2. Required Compute the following ratios for Otis for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers c. Price-earnings ratio (market prices: Year 3, $64 per share; Year 2, $78 per share). (Round interm answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e.,…PD FINANCIAL MANAGEMENT 1.pd x O File | C:/Users/Montero%20Fam/OneDrive%20-%20Concierge%20Test%20Lab/Desktop/2nd%20year%20prelim/FINANCIAL%20MANAGEMENT%201%20.pdf of 52 D Page view A Read aloud V Draw E Highlight 24 Erase Problem 2 (Common-Size Income Statement) A comparative income statement is given below for Rainbow Company Rainbow Company Comparative Income Statement For the Years Ended June 30, 2019, and 2018 2019 2018 Sales 5,000,000.00 4,000,000.00 Less: Cost of Goods Sold 3,160,000.00 2,400,000.00 Gross Margin 1,840,000.00 P 1,600,000.00 Selling Expenses 900,000.00 700,000.00 Administrative Expenses 680,000.00 584,000.00 Total Expenses 1,580,000.00 1,284,000.00 Net Operating Income 260,000.00 P 316,000.00 Interest Expense 70,000.00 40,000.00 Net Income Before Taxes P 190,000.00 P 276,000.00 The president is concerned that net income is down in 2019 even though sales have increased during the year. The president is also concerned that administrative expenses have increased,…
- < + .. + Sheet1 FINA310 IP TEMPLATE FOR STUDENTS Student name: Date: ACTUAL FORECAST Current Year Next Year Total Revenue 71,879 Cost of Revenue (51,125) Gross Profit 20,754 Operating Expenses: Selling, General, and Administrative (14,248) Research and Development Special Income/Other Charges S (2,194) Total Operating Expenses (16,442) Operating Income S 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935n 13 h/w 6 ts https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... eBook Print erences Revenue: Net sales Dividend income Interest income Gain on sales of marketable securities Total revenue and gains Costs and expenses: Cost of goods sold Operating expenses Interest expense Income tax expense Total costs and expenses Net income Question 6 - Ch 13 h/w - Connect TREECE, INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 The following income statement and selected balance sheet account data are available for Treece, Inc., at December 31, 2021. Selected account balances: Saved ✪ Help Save & Exit Submit Check my work31-12 31-12 2019 2020 655 Alex & Co Alex & Co year Balance Sheet ($m) Current Assets Cash & Bank Deposits Trade Receivables Income Statement ($m) Sales Revenue [b] |- Cost of Goods Sold [c] 2020 3,149 -2,279 870 -337 883 86 151 236 289 277 416 26 Gross Profit Selling, General & Admin Costs - Other Operating Costs Depreciation Expense Profit before Interest & Tax |- Interest Expense |- Uncollectible Receivables + Other Operational Income - Other Operatinal Expense +/- Net Investment Income (Expense) 78 Inventories Prepaid Expenses Other Current Assets Non-Current Assets Plant, Machinery & Equipment, net Land & Buildings Other Non-Current Assets 33 -83 U L. -14 436 11 13 422 612 -35 241 375 -4 176 232 5 -6 Total Assets Current Liabilities Short-Term Bank Loans Trade Payables Interest Payable Corporate Tax Payable Accrued Expenses Other Current Liabilities Long-Term Liabilities Total Liabilities Owner's Equity Paid-in Capital [a] Equity Reserves Retained Earnings Current Period Profit…