net profit
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; s OMR 2,000 and…
A: Ans. Net profit is computed by deducting all direct and indirect expenses from the income received…
Q: Gross profit is equal to Select one: a. revenues - expenses b. sales - cost of goods sold c.…
A: The income statement is prepared to find the net income or losses incurred during the period.
Q: From the following information calculate Net Profit Sales OMR 40520 Cost of the goods sold OMR 21400…
A: Therefore the Net Profit is 7990 OMR [Note:- Bank & Computer is the balance sheet item]
Q: Assume that sales revenue in 2022 changed to $755,00 and cost of goods changed to $512,000. Income…
A: Formula: Net income = Total Revenues - Total Expenses
Q: Questions: Determine the following: 1. The gross sales for the year. a P1,000,000 b. P1,030,000 2…
A: Sales and purchases are an integral of every organization. Both Sales and Purchases can be done by…
Q: A business has RO 250000 income and RO 60000 expenses. What is the net profit? Select one: O a. RO…
A: Net profit is calculated as excess of income over expenses.
Q: A Trading has a total sales of P 98,800; sales return is P 5,400; cost of good sold is P 8,490;…
A: Net sales = Total sales - sales return = P98,800 - P5,400 = P93,400
Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…
A: The income is calculated as difference between total revenue and other expenses.
Q: Fill in the missing numbers for the following income statement, and find the OCF and depreciation…
A: The cash flow that is generated by a company from its primary business operation is term as the…
Q: 1. For the year ended December 31, 2003, the cost of goods sold for True Value Appliance Co.…
A: Cost of goods sold: An expense reported on the income statement of the company that includes the…
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…
A: Introduction: Net income: deduction of all expenses from revenues derives the net income. Net income…
Q: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent…
A: Gross profit = sales - cost of goods sold = 100000 - 40000 = OMR 60000
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…
A: Theory concept: Net profit: Net profit is a income statement item. In income statement all the items…
Q: The formula for determining the rate earned on total assets is Net Income + Interest Expense/Average…
A: Rate earned on total assets = (Net income + Interest expense)/Average total assets
Q: What is the net rent income for the current year? * a. 275,000 b. 290,000 c. 350,000 d. 365,000
A: An operating lease is a type of lease under which there is a contract and it is through this…
Q: How much is the adjusted profit (loss)? a. 183,000 b. 207,000 c. (53,000) d. (21,000)
A: The accrual concept and cash concept are two approaches in accounting. The accrual concept says that…
Q: Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000,…
A: Earnings before interest and taxes: Earnings before interest, depreciation and taxes are the…
Q: Question #4 Prepare a multi-step income statement based upon the information below: Cost of goods…
A: Income Statement: The income statement reports the financial performance in terms of profit or loss…
Q: Whencash 5000, net sales 185000, general utilities OR 2100, Rent expense OR 190, cash OR 2750,…
A: Net profit: It is the residual amount that is left over with the company after paying all of its…
Q: Q1. Complete the statement provided, for a tax rate of 20% and calculate the Operating cash flow…
A: The inflow, as well as outflow of cash by conducting the ordinary business activities, is referred…
Q: Compute total income from the following? Net Sales OMR 50000, Cost of goods sold OMR 20000, Dividend…
A: Gross profit = Net Sales - Cost of goods sold = 50000-20000 = OMR 30000
Q: Calculate net profit from the following? Net sales OMR 50000, Cost of goods sold OMR 20000, Rent…
A: Net profit is the amount remain after payment of all expenses.it can be calculated Net…
Q: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent…
A: Net income is the calculation of the remaining amount with an organization after deducting taxes,…
Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…
A: Total income = Gross Profit - Rent Paid + Commission received + Dividend received
Q: Construct an income statement using the following information: netsales, $500,000; salaries,…
A: The net income is the net profit of the company earned during the period. The net income includes…
Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…
A: Total Incomes: Sum of all the incomes earned derives the total income. Total income to be shown in…
Q: Sales are 2,000,000. COGS are 1,000,000. Depreciation is 300,000. Taxes are 150,000. SG&A is…
A: Net Income: Net income means net profit or net earnings, It is an amount that an individual or an…
Q: Assume that sales revenue in 2022 changed to S755,00 and cost of goods changed to S512,000. Income…
A: Formula: Net Income = Revenues - expenses Gross profit = sales revenue - cost of goods sold
Q: If the gross profit is P5,000 and the net profit is 25% of the gross profit. What are the expenses?…
A: Given: Net profit = Gross profit x 25%
Q: The total income for the year ended 31 August 2020 for Amina Trading was RM65,500 and the total…
A: In the above question we have asked to calculate net profit for the year with the help of given…
Q: following ratios for 2021. 1) Inventory turnover 2) Profit margin 3) Return on assets
A: As per the guidelines, only three subparts are allowed to be answered. Please submit the question…
Q: Given the following income statement data, calculate net income: sales=$2500, cost of goods…
A: To calculate the net income we will use the below formula Net income = [Sales-Cost of goods…
Q: 2. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 300,000 RO…
A: Gross Profit Ratio: It is the relationship between the gross profit and net sales Net Profit Ratio:…
Q: 44- Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000,…
A: In the given question we need to calculate the net profit from the details given in the question.
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…
A: The income statement is an essential part of the financial statements of the company. It is prepared…
Q: tial Ho 50,000.
A: Working Note : A revenue should be recognised for a…
Q: Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100…
A: An expenses ratio seems to be the percentage of expenses accrued in relation to net contributions…
Q: Calculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000,…
A: Net sales = OMR 100000 COGS = OMR 40000 Rent received = OMR 20000 Salaries = OMR 10000 Insurance =…
Q: Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission…
A: Net income is calculated as gross receipts less expenses.
Q: Under accrual basis, what amount should be reported as gross sales for the current year?
A: Gross sales are those sales which the company has made during the year which is in gross means the…
Q: Consider the following information for Ball Corp. Selling and administrative expense Depreciation…
A: operating profit is the profit of the firm from its core operating business. given, sales = 350,000…
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: During the year, an entity had net purchases of P100. If inventories had a net decrease of P20…
A: in order to find the cost of good sold the equation can be taken as opening stock and then in such…
Q: From the following information, calculate Net Profit . Details Debit Credit (RO) (RO) Salary 6500…
A: The net income is the income that is received after deducting all expenses.
Q: Given the following information :sales R10 000 000,calculated gross profit R7 000 000 ,operating…
A: Income Statement is a summary of all revenues, gains and all expenses and losses incurred during the…
Q: If the gross profit 196 000 ID , other revenue and gains 4 360 ID , operating expenses 143.900 ID ,…
A: Net profit refers to the net value of income earned by a entity or an individual in a given period…
Q: What is the gross profit for the year if the net revenue from by-product is treated as additional…
A: A by-product seems to be a secondary product that is produced inadvertently as a by-product of the…
Calculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 30000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and
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- how does it calculate the 500000 in 20x1 and 400000 in 20x0 in profit attribitable to ordinary sahreholders column?*see attached What is the net rent income for the current year? *a. 275,000b. 290,000c. 350,000d. 365,000Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission received OMR 4000 and Dividend received OMR 2000.
- how did you calculate the net income of 1480000?How much is the gross profit realized in 2019? A. P1,600,000 B. P1,350,000 C. P500,000 D. P250,000Gross profit is equal to Select one: a. revenues - expenses b. sales - cost of goods sold c. profits plus depreciation d. earnings before taxes minus taxes payable
- Put this transaction on the accounting equation: bought goods for R7000 less 10% discountBase on the income statement below, and if my Ave total assets is 1,725.What is my Return on assets? Formula:Return on Assets = Net Income (before Interest znd Tax) / Average Total assets Thanks in Advance, expert!Cost of Goods Sold (Purchases + Production cost is ) RM______________.The gross pofit is RM____________.Net profit before taxes is RM______________.Earnings available for common stockholders RM_____________Total current assets RM_____________.Total gross fixed assets (at cost) is RM_________________.Total current liabilities is RM_________________.Total liabilities: RM_____________.Total stockholders’ equity is RM_____________.Current ratio is ____________ times.Quick ratio is ____________ times.Inventory turnover is ________ times.Average collection period is RM__________ days.Debt ratio is ____________%.Debt to Equity ratio is ___________%.Net profit margin is _____%.Book value per share is RM_________.