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:
The definition would be defined in the clarification portion below, according to the particular context.
Explanation:
- Even before managers accomplish diversification besides trying to create a conglomerate whilst also buying other corporations, it is almost always accomplished at a premium surrounded by white market rates because once shareholders could effectively achieve consolidation according to their own besides investing money throughout multiple organizations.
- Although it may be more difficult to accurately determine productivity in a conglomerate, authority costs will be lower as well as assets might well be apportioned around through segments incompetently.
Taiwan is an economic success. Since 1992, Taiwan’s GDP growth has averaged 4.5 percent. This raised real per capita income from $9,116 in 1992 to $19,762 in 2012, with the result that today Taiwan is the 28th wealthiest country globally, and 6th richest country in Asia. And along the way Taiwan has transformed itself from a dictatorship into a vibrant democracy.[1]
The correct answer is - the number of hours he works at each job.
If we have the number of hours he works for each job separately, then we will be able to take out a percentage of the earnings from both of the jobs separately. We will than get the sum of the percentages if both of them, and have the real amount of George's weekly savings.
