How much is the total comprehensive income for the 2020?
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The Companyreported the following data for the 2020
:Net sales P9,500,000
Cost of goods sold 4,000,000
Distribution costs 1,000,000
Administrative expenses 1,200,000
Interest expense 700,000
Gain from sale of land 500,000
Income tax expense 800,000
Income from discontinued operations-net of tax 600,000
Unrealized gain on equity investment at FV through OCI-net of tax 1,300,000
Actuarial loss during the year fully recognized-net of tax 300,000
Foreign translation adjustment-debit net of tax 100,000
Revaluation surplus during the year-net of tax 2,500,000
How much is the total comprehensive income for the 2020?
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- The income statement comparison for Rush Delivery Company shows the income statement for the current and prior year. A. Determine the operating income (loss) (dollars) for each year. B. Determine the operating income (percentage) for each year. C. The company made a strategic decision to invest in additional assets in the current year. These amounts are provided. Using the total assets amounts as the investment base, calculate the ROI. Was the decision to invest additional assets in the company successful? Explain. D. Assuming an 8% cost of capital, calculate the RI for each year. Explain how this compares to your findings in part C.Kate Company reported the following information for 2020: Sales Cost of goods sold Operating expenses Unrealized gain - FVOCI Cash dividends received on investment For 2020, Kate would report comprehensive income before tax of P1,170,000 O P200,000 P1,150,000 O P970,000 P5,000,000 3,500,000 550,000 200,000 20,000Sa Min Gi Company reported the following data for the 2020: Net sales P9,500,000 Cost of goods sold 4,000,000 Distribution costs 1,000,000 Administrative expenses Interest expense 1,200,000 700,000 Gain from sale of land 500,000 800,000 Income tax expense Income from discontinued operations- net of tax Unrealized gain on equity investment at FV through OCI- net of tax Actuarial loss during the year fully recognized- net of tax Foreign translation adjustment- debit net of tax Revaluation surplus during the year-net of tax 600,000 1,300,000 300,000 100,000 2,500,000 How much is the total comprehensive income for the 2020? C. P6,300,000 A. P2,900,000 B. P3,800,000 D. P6,500,000
- 6 T&T Company's selected financial statements items are given as following. Total net sales equals to 100.000 TL, COGS equals to 50.000 TL, operating expenses equals to 20.000 TL, interest expenses equals to 10.000 TL, tax expenses 5.000 TL, total depreciation & amortization expenses equals to 15.000 TL. Calculate the EBITDA/Interest Expense ratio of the company for the year 2020. a) O 4,50 01383 b) O 3,00 c) O 2,50 d) O 5,00The Gloria Corporation's comparative statements of comprehensive income lor de years 2021 and 2020 are presented below: 2020 720,000 450,000 270,000 30,000 300,000 190,000 110,000 20,000 90,000 2021 1,000,000 P 600,000 400,000 P 80,000 Sales Cost of Sales Gross Profit Other Operating Income Total Income P 480,000 280,000 200,000 P 80,000 120,000 P P P Less: Selling and Administrative Expenses Profit from Operations before Interest and Income Tax Interest Expense Profit The following errors were discovered : The following had been overlooked by the company at the end of 2021 and 2020: Unearned commission income Prepaid rent Accrued interest receivable Accrued wages expense 2021 6,400 21,000 12,000 22,000 2020 8,000 16,000 8,000 25,000 Advances of P90,000 received from customers in 2021 were credited to Sales, although deliveries were made only in 2022. Purchase of merchandise, P15,000, shipped FOB destination in December 2020 and received by the company in 2021 were recorded as…Prepare a 2020 income statement for Wildhorse Corporation based on the following information: Cost of goods sold Operating expenses Other expenses and losses Sales revenue Tax rate $500,000 118,000 31,000 730,000 30%
- Yellow Company reported the following information in 2021:· Sales revenue- P500,000· Cost of Goods Sold- P350,000· Operating Expenses- P55,000· Unrealized translation gain- P20,000· Cash dividends received on investment in equity securities- P2,000Ignore income tax, for 2021, Yellow Company would report total comprehensive income before tax of?Lala Company reported the following information in 2021:· Sales revenue- P500,000· Cost of Goods Sold- P350,000· Operating Expenses- P55,000· Unrealized translation gain- P20,000· Cash dividends received on investment in equity securities- P2,000Ignore income tax, for 2021, Lala Company would report total comprehensive income before tax of? A. 117,000 B. 20,000 C. 97,000 D. 115,000Use the table for the question below. Revenues -Cost of Goods Sold -Depreciation =EBIT -Taxes (30%) =Profit after tax +Depreciation -Change in NOWC -Capital Expenditures =Free Cash Flow Year 0 a. by 28.1% b. by 15.5% c. by 10.8% d. by 24.5% -300,000 Year 1 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 2 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 3 400 000 -180 000 -100 000 120 000 -36 000 8 000 100 000 -20 000 164 000 Visby Rides, a limousine hire company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. Visby learns that a competitor is thinking of offering similar services, thus reducing Visby's sales. By how much could sales fall before the net present value (NPV) was zero, given that the opportunity cost of capital is 10%, and that cost of goods sold is 45% of revenues?
- Use the table for the question below. Revenues -Cost of Goods Sold -Depreciation =EBIT -Taxes (30%) =Profit after tax +Depreciation -Change in NOWC -Capital Expenditures =Free Cash Flow Year 0 a. by 22.5% O b. by 19.5% c. by 25.5% d. by 27.5% -300,000 Year 1 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 2 400 000 -180 000 -100 000 120 000 -36 000 84 000 100 000 -20 000 164 000 Year 3 400 000 -180 000 -100 000 120 000 -36 000 8 000 100 000 -20 000 164 000 Visby Rides, a limousine hire company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. By how much could the opportunity cost of capital rise before the net present value (NPV) of this project is zero, given that it is currently 10%?Lala Company reported the following information in 2021:· Sales revenue- P500,000· Cost of Goods Sold- P350,000· Operating Expenses- P55,000· Unrealized translation gain- P20,000· Cash dividends received on investment in equity securities- P2,000Ignore income tax, for 2021, Lala Company would report total comprehensive income before tax of?Madsen Company reported the following information for :2020 Sales revenue Cost of goods sold Operating expenses O dividends 220,000 Unrealized holding gain on available-for-sale debt securities 180,000 Cash O $420,000 $2,040,000 1,400,000 $128,000 For 2020, Madsen would report other comprehensive income of 8,000 .a .b
