Particulars | ||
Sales revenue | 18900 | |
Cost of goods sold | (8000) | |
Gross profit | 10900 | |
Operating expenses: | ||
Selling expenses | (1480) | |
General and administrative expenses | (890) | |
Restructuring costs | (2100) | |
Total operating expenses | (4170) | |
Operating income | 6730 | |
Other income (expense) | ||
Loss on sale of investments | (400) | |
Interest revenue | 240 | |
Interest expense | (200) | |
Other income (expense) | (360) | |
Income from continuing operations before income taxes | 6370 | |
Income tax expenses | (1593) | |
Income from continuing operations before extraordiary items | 4777 | |
Discontinued operations: | ||
Income from operations of discontinued component [1760-740] | 1020 | |
Income tax expenses [0.25*1020] | (255) | |
Income (loss) from discontinued operations | 765 | |
Income before extraordinary item | 5542 | |
Loss from extraordinary items | 0.00 | |
Net income | 5542 | |
Other comprehensive income: | ||
Loss from foreign currency translations (1-25%)*420 | (315) | |
Unrealized gains from investments (1-0.25)*560 | 420 | 105 |
Comprehensive income | 5647 | |
Earnings per share | ||
Income from continuing operations before extraordinary items [4777 / 1200 Shares] | 3.98 | |
Discointinued operations [765 / 1200] | 0.64 | |
Extraordinary gain (loss) | 0.00 | |
Net income (loss) | 4.62 |
Part 2
Net income | 5542 | ||
Other comprehensive income (loss): | |||
Unrealized gains from investments, net of tax | 420 | ||
Loss from foreign currency translation, net of tax | -315 | 105 | |
Comprehensive income | 5647 |
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousandsj: sales revenue, $18,900; cost of goods sold, $8,000: selling expenses $1.480; general and administrative expenses $980; Interest revenue, $240; Interest expense, $200. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense Items appear in the company's Income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $18.900: cost of goods sold, $8,000: selling expenses. $1.480: general and administrative expenses. $980: Interest revenue, $240; Interest expense, $200. Income taxes have not yet been recorded. The company's Income tax rate is 25% on all items of income or loss. These revenue and expense Items appear in the company's Income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $18,500; cost of goods sold, $7,800; selling expenses, $1,460; general and administrative expenses, $900; interest revenue, $100; interest expense, $260. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021($ in thousands): sales revenue $18.900: cost of goods sold, $8,000: selling expenses. $1.480: general and administrative expenses. $980: Interest revenue, $240; Interest expense, $200. Income taxes have not yet been recorded. The company's Income tax rate is 25% on all items of Income or loss. These revenue and expense items appear in the company's Income statement every year....
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $16,500; cost of goods sold, $6,800; selling expenses, $1,360; general and administrative expenses, $860; interest revenue, $120; interest expense, $240. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021($ in thousands): sales revenue. $18.700: cost of goods sold. $7,900; selling expenses. $1,470; general and administrative expenses. $970: Interest revenue, $250; interest expense, $300. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every year....
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $18,300; cost of goods sold, $7700; selling expenses, $1,450, general and administrative expenses $950; interest revenue, $230; interest expense, $320. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $17,500; cost of goods sold, $7,300; selling expenses, $1,410; general and administrative expenses, $910; interest revenue, $160; interest expense, $290. Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, 2021 ($ in thousands): sales revenue, $16,300; cost of goods sold, $6,700, selling expenses. $1,350, general and administrative expenses, $850, interest revenue, $200, interest expense, $230, Income taxes have not yet been recorded. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every...
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31,2021 ($ in thousands): sales revenue, $ 16,100 ; cost of goods sold, $ 6,600 ; selling expenses, $ 1,340 ; general and administrative expenses, $ 840; interest revenue, $ 120 ; interest expense, $ 220. Income taxes have not yet been recorded. The company's income tax rate is 25 % on all items of income or loss. These revenue...