Let understand that the organized table are intended to calculate missing numbers on Income Statement for the two companies are drawn below.
- Here, we are calculating missing columns for Monty Corp. and Whispering Winds Corp.
- Also understand that the bold numbers are the columns calculated according to the question.
Particulars Monty Corp. Whispering Winds Corp.
Sales revenue $90,000 $111,000
Sales return and allowance <u>$6,000</u><u> </u> <u>$5,000</u>
Net sales $84,000 $106,000
Cost of goods sold <u>$53,760 </u> <u>$65,720</u><u> </u>
Gross profit $30,240 $40,280
Operating expenses <u>$15,120 </u> <u>$19,080 </u>
Net income <u>$15,120</u><u> </u> <u>$21,200</u>
In conclusion, the formulae used to derived the bolded answers are:
- Sales revenue - Net sales = Sales returns and allowance
- Net sales - Cost of goods sold = Gross profit
- Gross profit - Operating expenses = Net income
- Net sales + Sales return and allowance = Sales revenue
- Net sales - Gross profit = Cost of goods sold
- Gross profit - Net income = Operating expenses
See similar solution here
<em>brainly.com/question/15062414</em>
Answer:
20%
Explanation:
Data provided
Currently selling per share = $30
Cost of Microsoft after selling = $27
Margin percentage = 50%
The calculation of rate of return is shown below:-
Rate of return = (Currently selling per share - Cost of Microsoft after selling) ÷ Margin percentage × 100
= ($30 - $27) ÷ 50% × 30
= $3 ÷ 15
= 0.20
or
20%
Therefore for calculating the rate of return we simply applied the above formula.
Answer:
(a) $332,000
(b) $312,000
(c) $760,000
Explanation:
(a) Her realized gain or loss
Mathematically, Realized gain or loss = Amount realized - Adjusted Basis = (120000 + 780000 + 192000) - 760000.
= 1092000 - 760000
= $ 332000
(b) Her Recognized gain.
Mathematically, her recognized gain = Amount received in cash + Amount received in Mortgage = 120,000 + 192,000 = $312,000
(c) Basis of newly acquired office Building.
Mathematically:
Basis of newly acquired building = Fair market value of building - (realized gain - recognized gain) = (780,000)-(332,000-312,000) = 780,000-20,000 = $760,000
Answer: Pfizer is the world's largest pharmaceutical firm that's has a wide range in research. Most of their work is dependent on research they carry out, strategies they have developed from the research and innovation they put in place.
Explanation:
Pfizer is the world's largest pharmaceutical firm that's has a wide range in research. Most of their work is dependent on research they carry out, strategies they have developed from the research and innovation they put in place.
They look at making a concept in the future where they would work remotely and connect with workers in any where in the world and share information.
This arrangement would work for many other firms, as most firm have started planning towards working remotely, and many have started out the process already.
Organizational structure has a big role to play in the efficiency of an organization, it depicts the work flow from the top to the bottom, what each department is doing, who guides them and how they can do better.
