related to P. Bride Company ($000 omitted). istrative expense ers' salaries reciation of office furniture and equipment goods sold venue $ 4,900 3,960 60,570 17,230 expense very expense 2,690 commissions 7,980 reciation of sales equipment 6,480 evenue 96,500 e tax 9,070 expense 1,860
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- You are a consultant for Glory Ltd, a quoted company operating in the manufacturing sector. The following are the Statement of Profit or Loss and Statement of Financial Position with comparatives for the year ended 31stDecember 2018. Statement of Profit or Loss for the year ended 31st December, 2018 2018 2017GHS GHSSales revenue 3,095,576 1,909,051Cost of sales 2,402,609 1,441,950Gross profit 692,967 467,101Interest receivable 744 2,782Administration expenses 333,466 222,872Operating profit 360,245…You are a consultant for Glory Ltd, a quoted company operating in the manufacturing sector. Following are a Statement of Profit or Loss and Statement of Financial Position with comparatives for the year ended 31st December 2018. 2018 GHS 2017 GHS Sales revenue 3,095,576 1,909,051 Cost of sales 2,402,609 1,441,950 Gross profit 692,967 467,101 Interest receivable 744 2,782 Administration expenses 333,466 222,872 Operating profit 360,245 247,011 Interest 18,115 21,909 Profit before taxation 342,130 225,102 Income tax expense 74,200 31,272 Profit for the year 267,930 193,830 Statement of Profit or Loss for the year ended 31st December, 2018 Statement of Financial Position as at 31 December 2018 Assets 2018 GHS 2017 GHS Non-current…The following information was taken from Munoz, Incorporated's SEC filings. Number of employees Revenues (in thousands) Properties (In thousands) Total assets (in thousands) Units shipped (in thousands) Net earnings (in thousands) Req A Req C and D Reg E December 31, 2019 926 $1,199,781 Complete this question by entering your answers in the tabs below. Revenue per employee Revenue per unit shipped The company used its facilities more efficiently in Fiscal Year Ended $793,993 4,282 $(13,362) Required a. Indicate whether each line of Information in the table above would best be described as being primarily financial accounting c managerial accounting in nature. c.&d. Based on the data identified as financial or managerial in nature from requirement (a), does it appear that Munoz's 2019 fiscal year was better or worse than its 2018 fiscal year? e. Calculate the revenue per employee and revenue per unit shipped and to determine which year (2019 or 2018) Munoz appear to be using its…
- What is the net income for the BlueDragon company given the following list of accounting itens? note: write the number with at most 2 decimal płaces (eg. 95.17) unsorted Profit & Loss items For the year 2020 (in thousand Php) cost of goods sold (192) wage expense (31) communication expense (5) sales 171 office supplies expense |(6) depreciation & amortization (2) repair & maintenance (10) interest income 49 computer expense (5)You are a consultant for Glory Ltd, a quoted company operating in the manufacturing sector. Following are aStatement of Profit or Loss and Statement of Financial Position with comparatives for the year ended 31stDecember 2018.Statement of Profit or Loss for the year ended 31 st December, 201820182017GHSGHSSales revenue3,095,5761,909,051Cost of sales2,402,6091,441,950Gross profit692,967467,101Interest receivable7442,782Administration expenses333,466222,872Operating profit360,245247,011Interest18,11521,909Profit before taxation342,130225,102Income tax expense74,20031,272Profit for the year267,930193,8303Statement of Financial Position as at 31 December 2018Assets20182017GHSGHSNon-current assetsProperty, plant and equipment 802,180656,071Current assetsInventory64,42286,550Trade receivables905,679807,712Prepayment and accrued income 97,02245,729Cash at bank and in hand 1,32768,3631,068,4501,008,354Total assets1,870,6301,664,425Equity and liabilitiesEquityOrdinary shares258,178258,178Income…Highlight 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…
- Income Statement Saghir Company's 2014 information Administrative Expenses Officers salaries 6,860 Depreciation of office furniture and equipment 5,544 Cost of Goods Sold 84,798 Net Sales 135,100 Rental Revenue 24,122 Selling Expense Transportation Out 3,766 Sales Commissions 1,172 Depreciation of Sales Equipment 9,072 Income Tax 12,698 Interest Expense 2,604 Common Shares Outstanding 40,550 Instructions Prepare a multi-step income statement for 2014 Prepare a single step income statement for 2014You have the following financial statements for two building companies and have been asked to compare them: Income statements for the year to 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Sales 2500 3600 Cost of Sales (450) (600) Gross Profit 2050 3000 Operating expenses (150) (350) Operating Profit 1900 2650 Interest Payable (40) (56) Profit Before Taxation 1860 2594 Taxation (68) (75) Profit After Taxation 1792 2519 Dividends (30) (43) Retained Profits 1762 2476 Statements of financial position as at 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Non-current assets 3056 3868 Current assets Inventories 70 35 Trade receivables 200 260 Cash at bank 56 20 Less: Current liabilities Trade payables (70) (65) Taxation (50) (42)…You have the following financial statements for two building companies and have been asked to compare them: Income statements for the year to 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Sales 2500 3600 Cost of Sales (450) (600) Gross Profit 2050 3000 Operating expenses (150) (350) Operating Profit 1900 2650 Interest Payable (40) (56) Profit Before Taxation 1860 2594 Taxation (68) (75) Profit After Taxation 1792 2519 Dividends (30) (43) Retained Profits 1762 2476 Statements of financial position as at 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Non-current assets 3056 3868 Current assets Inventories 70 35 Trade receivables 200 260 Cash at bank 56 20 Less: Current liabilities Trade payables (70) (65) Taxation (50) (42)…
- You have the following financial statements for two building companies and have been asked to compare them: Income statements for the year to 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Sales 2500 3600 Cost of Sales (450) (600) Gross Profit 2050 3000 Operating expenses (150) (350) Operating Profit 1900 2650 Interest Payable (40) (56) Profit Before Taxation 1860 2594 Taxation (68) (75) Profit After Taxation 1792 2519 Dividends (30) (43) Retained Profits 1762 2476 Statements of financial position as at 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Non-current assets 3056 3868 Current assets Inventories 70 35 Trade receivables 200 260 Cash at bank 56 20 Less: Current liabilities Trade payables (70) (65) Taxation (50) (42)…You have the following financial statements for two building companies and have been asked to compare them: Income statements for the year to 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Sales 2500 3600 Cost of Sales (450) (600) Gross Profit 2050 3000 Operating expenses (150) (350) Operating Profit 1900 2650 Interest Payable (40) (56) Profit Before Taxation 1860 2594 Taxation (68) (75) Profit After Taxation 1792 2519 Dividends (30) (43) Retained Profits 1762 2476 Statements of financial position as at 31st December 2019 Rachel Ltd Ronald Ltd £`000 £`000 Non-current assets 3056 3868 Current assets Inventories 70 35 Trade receivables 200 260 Cash at bank 56 20 Less: Current liabilities Trade payables (70) (65) Taxation (50) (42)…Two income statements for Paragon Company follow: Paragon Company Income Statements For the Years Ended December 31 20Y6 20Y7 $1,424,000 (1,044,000) $380,000 Fees earned Expenses Net income $1,220,000 (930,000) $290,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
