TABLE 6–7 Pro Forma Income Statement Income Statements for Time Periods Indicated Actual Sales for 2012 Pro Forma Sales for 2013 Sales COG Gross Profit $200,000 100,000 $100,000 $250,000 $125,000 $125,000 Operating Expenses Rent 24,000 3,000 60,000 2,400 5,000 4,500 $ 98,900 $ 1,100 5,000 $ (3,900) 24,000 3,600 63,000 3,000 7,000 7,800 $108,400 $ 16,600 6,800 $ 9,800 Utilities Salaries Insurance Depreciation Equipment Totai Operating Expenses Operating Profit Interest Expense Net Profit

TABLE 6–7 Pro Forma Income Statement Income Statements for Time Periods Indicated Actual Sales for 2012 Pro Forma Sales for 2013 Sales COG Gross Profit $200,000 100,000 $100,000 $250,000 $125,000 $125,000 Operating Expenses Rent 24,000 3,000 60,000 2,400 5,000 4,500 $ 98,900 $ 1,100 5,000 $ (3,900) 24,000 3,600 63,000 3,000 7,000 7,800 $108,400 $ 16,600 6,800 $ 9,800 Utilities Salaries Insurance Depreciation Equipment Totai Operating Expenses Operating Profit Interest Expense Net Profit

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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CP 13–5The following data are taken from the records of Cronkite Corp.:2019$2,5201,890630510$ 1202018$1,440960480430$ 50SalesCost of goods soldGross profitOther expensesNet incomeRequired: Perform horizontal analysis on the above date and interpretyour results
10:10 O all 59% FINANCIAL%20ACCOUNTING%20I - Saved АССТ1201 Question 3 You were recently employed as the Financial Controller at Covid Free Ltd. You were provided with the following information on April 1, 2018: Balance on April 1, 2020 Debtors control Dr. $65, 145 Debtors control Cr. 600 Creditors control Dr. 950 Creditors control Cr. 75, 500 Totals for the month of April 2020 Cash purchases 35, 600 Credit purchases 62, 600 Cash Sales 47, 000 Credit Sales 75, 000 Contra entry: Set off 1, 800 Refund to cash customers 2, 800 Bad debt written off 3, 300 Discount Allowed 3, 750 Total payments to suppliers 87, 000 Total receipt from customers 98, 800 Discount received 5, 500 Dishonoured cheques: customers 2, 900 Increase in the allowance for bad debts 2, 100 Return Inwards 2, 400 Return Outwards 15, 200 Balances at 30 April 2020 Debtors control: Dr. ? Cr: $8 300 АССТ1201 Creditors control: Dr. $7 500 Cr: ? Required: А. Prepare the Sales ledger control account В. Prepare the Purchases…
INCOME 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…
Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in X. dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580 000.00 100,0% Cost of goods sold 2,581,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,70000. 22.5% Administrative expenses 752,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 4:Operating incOme $251,900.00 4.5% Previous Next Check My Work 2 more Check My Work uses remaining. 2.
Problem 12-197 (LO 12-2] Selected balance sheet Informatlon and the Income statement for Ploneer Industries for the current year are presented below. Selected Balance Sheet Accounts Prior Year Current Year Accounts Receivable $26, 200 36, e0e 2,600 20,600 5,200 $18,000 39,600 Inventories Prepaid Rent Accounts Payable Salaries and Wages Payable 26, 8ee 7,800 Income Statement Sales Revenue $540,000 Expenses: Cost of Goods Sold 308, 000 Depreciation Expense Salaries Expense 36, 000 54, 000 21,600 21,600 19,800 Rent Expense Insurance Expense Interest Expense Utilities Expense 18,e00 Net Income $ 61, 000 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the Indirect method. (Enter any deductions and cash outflows as a negative value.) Pioneer Industries Cash Flows from Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities:
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Description FY10 FY11 FY12 FY13 FY14 Financial Statements GBP m GBP m GBP m GBP m GBP m Income Statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest & taxes (EBIT) 844 700 704 933 1,579 Net Interest Payable (80) (54) (98) (163) (188) Taxation (186) (195) (208) (349) (579) Miniorities (94) (99) (105) (125) (167) Profit for the year 484 352 293 296 645 Balance Sheet Fixed Assets 3,510 3,667 4,758 10,431 11,483…
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 (2,194) Total Operating Expenses (16,442) Operating Income 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935 Additionally, Tag-It's CEO has predicted a 12% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the correct section on the Excel spreadsheet. 1. The total revenue numbers over the past 4 years for Tag-lt Corporation were as follows (values in millions): o 73,785 O 69,495 o 75,356 o 71,879 2. Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.
ect Assignment The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: ALEXIAN SYSTEMS, INCORPORATED Income Statement. For the Year Ended December 31, 2024 ($ in millions, except earnings per share) Revenues and gains: Sales revenue Interest revenue Other income Total revenues and gains. Expenses: Cost of goods sold Selling and administrative expense Income tax expense Total expenses Net Income Earnings per share $ 435 6 128 569 247 158 41 446 $123 $ 12.30 Saved Help Additional information: 1. Selling and administrative expense includes $28 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $8 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The amount is material.…
QUESTION SIX The following financial statements relate to ZB Plc. ZB PLC Statement of comprehensive Income for the year ended 31st December: 2021 2020 K'000 K'000 Revenue 3,068,959 2,305,425 Cost of sales -2,024,857 -1,346,701 Gross profit 1,044,102 958,724 Other expenses -244,307 -458,473 Net impairment credit on financial assets 12,291 3,002 Distribution costs -208,749 -178,028 Administrative expenses -413,157 -302,323 Operating profit 190,180 22,902 Finance Income 2,978 1,557 Interest Expense -86,936 -15,974 Profit before income tax 106,222 8,485 Income tax credit (expense) 41,730 -2,546 Profit for the year 147,952 5,939 Other comprehensive income Total comprehensive income for the year 147,952 5,939 ZB PLC Statement of Financial Position as at 31st December:…
Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********
Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378 28,355 Prepaid expenses 40,663 32,977 Total current assets $1,778,288 $1,450,363 Property, plant, and equipment $571,032 $497,795 Less accumulated depreciation (193,037)…

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