Basts Tor alleatlon Square feet of flnor space Amount of dollar sales Number of employees Expense Rent ount $47,000 Advertising 47,000 62,000 Adainistrative The following intormation avaitable for ts three operating tales departments Nuber of Department Square Feet Dollar Seles nyLoyees 5,400 $302,000 $ 453, 000 5 755, 000 $1,510, 000 , 100 13, S00 Totals 27,000 30 What is the total expense allocated to Depanment Mupe Choice $32.600 $420 $42300 S400
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- Informaban relates to the unit the Manino The manufacdunng eb Company 4 praluct Wge by of shs 100 Selling Rrice Cast of sales of Vanigble cats casb -65 (85) Fixed Gmas Propt çllng and administahive conb Net propt 20 15 (10) lempang hudgels fu ficed producb ced. fred to selling and adminishabse codb casb 3,600.000and ace lnwred evenly dunig 150,000 per annum. These the poar Dunng the latert faandial your! were achieved frot 6 monthr second 6 mo nthe Produchren Cunde) (unit) Isales 75,000 60 000 50 1000 70,000 stockr at There were Fried year- locured coab Inured duning the beginniog g the and odmiaiskcabse seling equal o the holged no opening poduchon cast and the were Required: Prepare taiding poAt and the tus six manth methlods; Abcorphon lehi lau statemenb for each sach the plkwy of @) Marguñal CorbngDATA ENVELOPMENT ANALYSIS OUTPUT INPUT STORE LOCATION SALES EBITDA STORE ARE(SQ.FT) #EMPLOYEES 1 A 47,682,116 7,459,291 35,523.00 62.0 2 B 42,612,114 3,880,099 39,493.00 75.00 3 C 44,187,228 4,215,221 39,731.00 79.00 4 D 30,487,610 4,201,924 35,833.00 77.00 5 E 41,535,542 5,182,632 36,552.00 75.00 6 F 24,497,561 3,079,086 37,328.00 61.00 7 G 43,749,818 6,485,312 38,709.00 79.00 8 H 24,081,113 1,820,738 37,827.00 66.00 9 K 44,711,757 6,310,682 35,631.00 66.00 10 L 32,138,829 125,696…XYZ company provided the following information: Sales Accounts payable Selling expenses Administrative expenses Ofher revenues Cost of goods scid Cash Other expenss $30,000 3,000 4,000 5,500 10,000 13,500 12,000 7,000 Required: Calcuiate the folowing (SHOW YOUR CALCULATIONS) Grons proft 1Net incomel ioss
- PERIODIC registered for VAT AND us ES the Bpeterel inventory styskem. The following transachons fook place during CC Stores is mach Sales of merchan dise, Rsiso C VAT included) cash. The cost picce was R2500C ercluding vAT) 2020 JOurnalize The ABOVE TRANSACHION BANK SALES VAT OUTPUT COST OF SALES INVENTORtw.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inp Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account, to a customer for $19,600. What is the amount of the sales discount allowable? a. $98 b. $392 c. $196 d. $490The following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000
- MC PROBLEMS Use the following information for the next 5 questions The following information was taken from the records of a branch: Sales by branch Beginning inventory Billings to branch by home office Operating expenses Ending inventory at billed price 2,800,000 2,500,000 400,000 1,000,000 The following information was taken from the records of the home office: 2,600,000 2,000,000 Branch current account Shipments to branch Allowance for markup - Unadjusted 500,000 Your answer How much is the sales of branch to be included in the combined financial statements? 2,240,000 2,333,333 2,800,000 How much is the cost of goods sold of the branch to be included in the combined financial statements? 1,800,000 1,200,000 900,000 1,500,000 How much is the ending inventory of the branch to be included in the combined financial statements? 800,000 1,000,000 1,250,000 8333,333 How much is the true profit (NET INCOME) of the branch? 1,200,000 1,250,000 1,266,667 1,400,000The fellowing information han been taken from the accounting reerd ef ABC Company for last year Selling espensen Raw Mat's Iav. Jan. Raw Mar's lav. Dec. JI Lities. Factery Direct Labor Cost IS,000 162.000 Depa. Factery Purchases. Raw Mat'h. HL000 4000 Sales laseranee, Factery Supplies. Factery Admin, Expenes Indirect Laber Maistenane, Fartery WIP INV.Jan. I WIP INV. Dee. 31 Finished Goods las. Jan 2e Finished Goods lav. Dec. 31 21000 27 Requiredi 1. Prepare a schedule of cust of goods manufactured. 1. Compute the cont of goeds d. J. Using the dataerded frem ()and (2k prepare an Income Statement.OkyOTcw/a/MjUwNDEyNDM20TEx/details Particulars Credit (RM) 48,400 Debit (RM) Capital Drawings Trade receivables Trade payables Sales Purchases Sales returns Purchases retums Wages and salaries Discounts allowed Discounts received Provision for doubtful debts Insurance Inventory as at 1 September 2018 Utilities 3,500 9,000 12,500 40,400 31,000 300 250 5,600 120 200 300 700 2,400 950 350 10,000 3,000 20,000 Rates Premises Fixtures and fittings Motor van Cash in hand Cash at bank TOTAL 330 14,800 102.050 102.050 Additional information as at 31 August 2019: i. Inventory as at 31 August 2019 amounted RM3,300 ii. An entity from whom there is accounts receivables of RM200 was unable to settle his debt and this amount is to be written off as bad debts. iii. The provision for doubtful debts is 1% of the outstanding trade receivables. iv. The owner took RM100 worth of goods from the business for his own use Required: a) Statement of Profit or Loss and Others Comprehensive Income for the year…
- Pachel corpolatian re Ports the per teining vecevicable Days Past Due 3-60 followinginfamethon to iti accounts cuNent 1-30 ever90 $2500 1200. $2000 Jhe companys cradit depaltment Plovided the following statement estima ter vegarding the pocent of occounts enfc ted to eventuallyy be writtenoff form. each category current veceveiNable receivables -30 days past due listed aboue aut standing rELENables 31-ho days past due 16 feceivables 6L-G0 days Pajt due receivable Cuer 20 days due. 90 Recold the company's uncollectible account afsuming it hal expense fredit balance for in its llawance Deuhtful accounts pror to the necessaty maling endjustment.A ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.american.edU Saved CH 9 Concept Overview Videos Required Information Cost of Goods Sold Accounts Payable Turnover Average Accounts Payable Company Is paylng suppllers In a timely manner 0.38 High accounts payable ratio polnts eBook Print Knowledge Check 01 Roberts Company reported the following information: References Accounts Payable: Beginning of year End of year Net sales 75,000 125,000 1,600,000 800,000 Cost of goods sold What is the company's accounts payable turnover ratio? (Round your answer to 1 decimal place.) Accounts payable turnover ratio %24aces The following information applies to the questions displayed below] Use this diagram to answer multiple choice questions 11 through 32. Inventory Cash 11 Mutiple Choice 0. Sales Cash Recepts 0.8 0. 11 Employees Customers Refer to the association marked with the number 5 in the preceding diagram. Which of the following is the best example of a business rule that constrains the association? 11 Sates must include at least one inventory tem Sales are allowed if they include at least one inventory item Sales are probibited if they include more than one inventory nem Sales are allowed with the manager's approval in advance allowed with t