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In an income statement. If the income earned is 523,200 and the expenses incurred is 123,000 the result of the operation is
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- Consider the following given information below: Total Income P1,321,000 Total Distribution Cost 268,900 Total Administrative Cost 250,200 Other Expenses 8,000 Interest Expense 9,000 Total Expenses 536,100 Income Tax Expense 235,500 What is the amount of income before tax to be reflected in the income statement?Construct an income statement using the following information: netsales, $500,000; salaries, $100,000; rent, $24,000; COGS, $250,000; utilities,$25,000; payroll taxes, $25,000; insurance, $12,000; and interest expense,$5,450. Make sure that you include gross profit, operating expenses, andnet profit.6. The balance sheet showed the following: Total current assets $3,250, accounts payable $470, 8% notes payable $260, and accrued wages of $180. Calculate the net operating working capital.
- In an income statement. If the income is 426,000 and the expenses is 500,000. The result of operation isAccordingly, 15% of rent, depreciation, and utility expenses pertain to the sales office while the rest pertains to the corporate office. Questions: How much is the net sales for the year? How much is the cost of sales for the year? How much is the gross profit for the year? How much is the net income for the year? Prepare a statement of comprehensive income. Prepare a financial statement.How do you find the profit margin when given this information? Revenue: $1000 Expenses: $900 Total Assets: $1500 Total Liabilites: $500 Is there a specific formula?
- If a company has $575,983 in revenues and $267,198 in total expenses, what is their percentage of net income to revenues?If total liabilities amount to P2,196,000 which is 60% of the total assets, then _____ is the total assets of the business.Given the pro forma income statement and balance sheet below, find EFN. INCOME STATEMENT: Sales, $2,000. Costs: $1,467. NI: $533. BALANCE SHEET: Assets: $109,560. Debt: $41,650. Equity: $45,230.
- A company has the following financial information: net sales $500,000, cost of goods sold $300,000, operating expenses $100,000, and total assets $1,000,000. Calculate the gross profit margin, operating profit margin, and return on assets (ROA).1. Now prepare a simple Statement of Comprehensive Income using the following: Revenue – 20,000 Rent expense – 3,000 Salaries expense – 4,000 Utilities expense – 2,000Highlight the data in column B, the 2nd column next to year column., the Revenue ($m) data. Then create a Column Chart illustrating the Revenue ($m) data. Year Revenue ($ million) IVA ($ million) Establishments (Units) Enterprises (Units) Employment (Units) Wages ($ million) Corporate profits ($ billion) 2002 19429.1 11352.6 16633.0 15452.0 349652.0 10095.2 1124.9 2003 19200.9 11385.2 16638.0 15413.0 395140.0 10086.6 1279.5 2004 19787.6 12425.6 16932.0 15686.0 403789.0 11088.0 1520.9 2005 20294.5 12541.8 16835.0 15649.0 394396.0 11162.6 1703.0 2006 21337.1 13678.0 19024.0 17841.0 397106.0 11687.3 1827.9 2007 21578.0 14071.1 24087.0 22741.0 404551.0 12266.9 1657.8 2008 21953.0 12777.7 23113.0 21907.0 446480.0 11543.4 1363.7 2009 21737.9 12508.1 22827.0 21598.0 449850.0 11430.2 1459.8 2010 20628.1 13236.7 22578.0 21368.0 412348.0 11881.0 1798.8 2011 21082.2 13314.9 22817.0 21619.0 422687.0 12200.7 1844.6 2012 22140.3 14792.9 24514.0 23280.0 454038.0 13202.2…