FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of 2020, XYZ company reported some financial data include: sales revenue = $10,000, gross profit = $4,000, total operating expenses excluding depreciation

At the end of 2020, XYZ company reported some financial data include: sales revenue = $10,000, gross profit = $4,000, total operating expenses excluding depreciation = $3,000, and depredation expense = $1,000. Therefore, the operating profit of XYZ is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Planning Demystified A Self Teaching Guide

Financial Planning Demystified A Self Teaching Guide

Authors: Paul Lim

1st Edition

0071476717,0071709711

More Books

Students also viewed these Finance questions

Question

★★★★★
Wire form springs can be made in a variety of shapes. The clip shown operates by applying a force F. The wire diameter is d, the length of the straight section is l, and Youngs modulus is E. Consider...

Answered: 1 week ago

Question

★★★★★
8. A tariff is a tax levied on imports. It raises the domestic price above the world price, hurting consumers, benefiting domestic producers, and generating government revenue. As a result, total...

Answered: 1 week ago

Question

★★★★★
5. Why is it important to have providers enter orders for patients through an EHR?

Answered: 1 week ago

Question

★★★★★
For the year ended December 31, 2017, Denkinger Electrical Repair Company reports the following summary payroll data. Ross earnings: Administrative salaries ...... $200,000 Electricians wages...

Answered: 1 week ago

Question

★★★★★
The selling price of an ordinary share of ACP plc is $31.5 and with an expected dividend of $2.5. According to the recent market research data the estimated growth of the company is 6%. Calculate the...

Answered: 1 week ago

Question

★★★★★
what is the free cash flow for year 9? 12. (19 points) Note: this problem does not require you to discount cash flows but only to calculate the cash flow at year 9. A firm is considering introducing...

Answered: 1 week ago

Question

★★★★★
1. Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA( X, Y) = XY U:(X, Y) = X*Y3 Therefore: For consumer A: MUx = Y; MUy = X For consumer B: MUx = Y';...

Answered: 1 week ago

Question

★★★★★
Question 1 0.2 pts Bobby's Boats makes boat toys for little girls and boys. Bobby's Boats have identified two ways of manufacturing their newest boat model, and want to investigate which method would...

Answered: 1 week ago

Question

★★★★★
Imagine a tight-knit neighborhood where residents actively participate in community events, regularly attend local meetings, and collaborate on initiatives to improve the neighborhood's safety....

Answered: 1 week ago

Question

★★★★★
In the context of Australian law, what is information privacy and what is personal privacy? (b)Explain how and the extent to which the Australian Privacy Principles apply to the protection of an...

Answered: 1 week ago

Question

★★★★★
During December 12-14, 2022 the international polling and predictive analytics firm Cygnal conducted a poll of 1,019 likely Republican presidential primary voters. The poll asked respondents who...

Answered: 1 week ago

Previous Question Next Question