Answer:
condenced income statement
net sales 4699520
cost of sales (3097360)
opening stock 599200
purchase 3120320
returns ( 16800 )
frieght in 80640
closing stock (686000)
gross profit 1602160
other incomes 299040
purchase discount 30240
rent income 268800
expenses (1092448
)
office salary 387520
sales salary 31808
sales discount 38080
commission 92960
selling costs 77280
telephone costs 19040
accounting service 36960
utility costs 35840
insurance 26880
mascellaneous 8960
advertising 60480
delivery costs 104160
casuality loss 78400
depreciation-office 53760
depreciation-sales 40320
operating profit 808752
interest expense 197120 ( 197120
)
profit before tax 611632
tax expense (122326.4)
profit after tax <u>489305.6</u>
Explanation:
To get the net sales we take sales and minus sales return. The unearned sales are not to be recorded until they are earned and its performance obligation is satisfied. The balance sheet items such as common stock, cash do not belong in the statement of comprehensive incomes. T o calculate tax expense we take profit before tax and multiply by the tax rate.
Answer:
$126,000
Explanation:
Given:
Total outstanding stocks = 600,000
Price per share of common stock = $2
Number of preferred stock = 120,000
Interest rate = 8%
Stock Value = $5
Outstanding year = 3
Total Amount of preferred stock = Principle × Rate × Time
or
Total Amount of preferred stock = ( 120,000 × $5 ) × 0.08 × 3 = $144,000
Since,
The preferred stock value is more than the amount distributed
Hence,
the total amount distributed i.e $126,000 will be received by the preferred stockholders
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<u>Answer: </u>A is core competence
<u>Explanation:</u>
Core competence is the common term that is used by an organisation to define its multiple resources and skills that are not similar to any one else in the market. Core competence is also the strategic advantage that a business possess in the market.
The strength of the organisation helps it attract many customers and tap all the opportunities in the market at the right time to achieve success. The core competence of the organisation cannot be easily identified or imitated by the competitors in the market.
Answer:
A)Capital
Explanation:
Cpatial is one of the factors of production. Capital includes all man made resocurces used in the production process. They include money, equipment and resocurces.
Other factors of production mentioned in the question are :
Henry- the entrepreneur
Building- land
I hope my answer helps you
