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- Given: The Company showed Cost of Goods Sold amounting to P440,000 and its gross profit rate is 45%. The total expenses was P238,600. Required: What is the net profit or net loss of the company. Select the correct resnonseLj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the cost of goods sold of the company? A) P54,720.05 B P53,029.73 P54,072.50 P53,129.37A company had £270,000 in sales; £150,000 in goods available for sale; ending finished goods inventory of £30,000, and selling and administrative expenses of £65,000. Which of the following statements is true? a. Net income was 28% of sales b. The beginning finished goods inventory is not determinable. c. The costs of goods sold was £137,000 d. The gross income was £93,000
- cost of P500,000. Required: Compute the cost charged to cost of goods sold. а. b.Question: 1) Determine the profit/loss figure from the information given below: Sales : $90 000 cost of goods sold : $30 000 other expenses : $65 000 Total Assets : $10 000 required: please answer this question by determining the correct profit/ loss figure from the information above.The following information relates to a company for two periods: year 1; profit- GH¢131250, sales- GH¢1375000; year 2; profit- 225000, sales- GH¢1750000. What is the margin of safety if profit is GH¢262000?
- Consider the following income statement: Sales $ 912,400 Costs 593,600 Depreciation 135,000 Taxes 21% Calculate the EBIT. Calculate the net income. Do not give answer in imageIf Net Sales Revenue is $108,000, Gross profits are $28,000 and Operating expenses are $12,000. What is the Cost of Goods Sold and Net Profit or Loss? 1. COGS $38,000 and Profit $98,000 2. COGS $88,000 and Proft $10,000 3. COGS $80,000 and Proft $16,000 4. COGS $98,000 and Loss $38,000 Which step in the accounting cycle occurs prior to the preparation of the financial statements? 1. Record and post adjustments 2. Analyse transactions 3. Analyse the changes in the accounts 4. Close the accounts Bluefield Limited is considering a project that will require an initial investment of $50 000 and is expected to generate future net cash flows of $10 000 annually for years 1 to 3 and $5000 annually for years 4 to 10. The project's payback period is: 1. 4 years 2. 5 years 3. 6 years 4. 7 yearsAs a costing team member, calculate the gross profit if: Sales P6,000; Cost of Sales P5,000; Beginning Inventory P1,000; Purchases P4,000; Wages P2,000; and Office Rent P1,000?a. Loss = P2,500b. Loss = P1,500c. Profit = P2,500d. Profit = P1,000
- A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals a. $743,000. c. $357,000. e. $(193,000). b. $550,000. d. $193,000.What is the gross profit for the year if the net revenue from by-product is treated as additional sales revenue? b. P1,230,000 c. P1,218,000 d. P1,118,000 a. P1,200,000 What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? d. P118,000 b. P230,000 a. P200,000 c. P218,000If the gross profit ( 2250 000 )D. The total Cost ( 4750 000 )D. , and the Sales value ( 7000 000 )D.The percnt of gross ?/