Answer
Sales revenue |
$14,200 |
||
Sales discount |
($1,300) |
||
A |
Net Sales |
$12,900 |
|
B |
Cost of Goods Sold |
$6,200 |
|
C = A - B |
Gross Profits |
$6,700 |
|
D |
Operating expense |
$3,500 |
|
E = C-D |
Net Income |
$3,200 |
Ariel, Inc. reported the following year-end financial information: Sales revenue $14,200 Sales discounts 1,300 Cost of...
Financial information is presented below: Operating expenses Sales retums and allowances Sales discounts Sales revenue Cost of goods sold $ 42.000 12.000 3,000 165.000 96,000 Gross profit would be 1) $54,000. O2) $57,000 03) $69,000. 04) $66,000
Jackson Company reported the following information relating to its inventory for 2020: sales revenue ............................. $427,000 freight-in ................................ 10,980 purchase returns .......................... 16,590 cost of goods available for sale .......... 419,250 purchases ................................. 392,800 gross profit .............................. 96,250 freight-out ............................... 11,730 purchase discounts ........................ ? Jackson Company reported an inventory turnover ratio of 4.20 for 2020. Calculate the amount of purchase discounts reported by Jackson Company during 2020.
Jackson Company reported the following information relating to its inventory for 2020: sales revenue ........... freight-in ....... purchase returns .......... cost of goods available for sale .......... purchases .......... gross profit ........... freight-out ... purchase discounts ........ ... $427,000 10,980 16,590 419, 250 392,800 96,250 11,730 ? Jackson Company reported an inventory turnover ratio of 4.20 for 2020. Calculate the amount of purchase discounts reported by Jackson Company during 2020.
Metlock Inc. reported the following information at the end of its 2019 fiscal year. Metlock Inc. Statement of Financial Position As at April 30 Assets 2020 2019 Cash 209,000 155,000 Accounts receivable 112,000 94,000 Inventory 108,000 250,000 Prepaid operating expenses 19,000 13,000 Long term investments 182,000 84,000 Equipment 1,237,000 1,170,000 Less: Accumulated depreciation (367,000 ) (369,000 ) 1,500,000 1,397,000 Liabilities and Shareholders' Equity Accounts payable 52,000 65,000 Income tax payable 27,000 24,000 Bonds payable 673,000 765,000 Common shares 300,000 245,000...
4-Financial information is presented below: Operating expenses $ 41000 Sales returns and allowances 5000 Sales discounts 9000 Sales revenue 162000 Cost of goods sold 93000 5-The amount of net sales on the income statement would be $157000. $153000. $148000. $162000. Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 160000 Cost of goods sold 94000 Gross Profit would be $55000. $70000. $66000. $62000.
Blossom Company reported the following information for 2017: Sales revenue $2530000 Cost of goods sold 1747000 Operating expenses 275000 Unrealized holding gain on available-for-sale securities 84800 Cash dividends received on the securities 10200 For 2017, Blossom would report comprehensive income of A)$592800. B)$603000. C)$518200. D)$84800.
The following information relates to Nebula, Inc. Sales Revenue $240,000 Cost of Goods Sold 150,000 Interest Revenue 10,000 Operating Expenses 40,000 Sales Discounts 20,000 Sales Returns and Allowances 7000 Calculate the operating income. Group of answer choices $23,000 $80,000 $33,000 $240,000
Wildhorse Co. reported the following information for 2020: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale securities Cash dividends received on the securities $2038000 1410000 220000 120200 8800 For 2020, Wildhorse would report other comprehensive income of O $129000. O $416800. O $408000. O $120200
18. Korte Company reported the following information for 2015: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale securities Cash dividends received on the securities $500,000 350,00O 55,000 25,000 2,000 For 2015, Korte would report comprehensive income of A. $122,000. B. $120,o00. C. $97,0oo. D. $25,0oo.
From the following details, calculate net sales revenue. Sales Revenue Sales Discounts Forfeited Cost of Goods Sold Operating Expenses Interest Revenue $400,000 4,000 270,000 80,000 7,000 A. $411,000 B. $404,000 O C. $400,000 OD. $396,000 Click to select your answer.