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

Question

1 Approved Answer

MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 15t

image text in transcribed

MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 15t quarter is Php 300,000.00, same with the 3rd&4th quarters. Second quarter sales are 25% lower than the 1st quarter. While Total Operating Expenses is half of the Gross Profit. Tax rate is 20%. How much is the Net income of the company after tax? Show your computation

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 Accounting An IFRS Perspective In Romania

Financial Accounting An IFRS Perspective In Romania

Authors: Adriana Dutescu

1st Edition

3030294870, 978-3030294878

More Books

Students also viewed these Accounting questions

Question

★★★★★
Let A and B be square matrices with the same size. (a) Give an example in which (A + B)2 A2 + 2AB + B2. (b) Fill in the blank to create a matrix identity that is valid for all choices of A and B. (A...

Answered: 1 week ago

Question

★★★★★
What is an international expansion strategy? What are the keys to implementing this strategy successfully in an entrepreneurial firm?

Answered: 1 week ago

Question

★★★★★
=+Mexican-American Adolescents (Journal of School Health [1998]: 376379): Smoking Status Smoker Nonsmoker Likes Risky Things 45 46 Doesnt Like Risky Things 36 153

Answered: 1 week ago

Question

★★★★★
The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★
MNO company would like to know if their company is profitable or not. What they have are only the following data: Sales for the 15t quarter is Php 300,000.00, same with the 3rd&4th quarters. Second...

Answered: 1 week ago

Question

★★★★★
A reconciled balance is found on the front side of a bank statement. TRUE OR FALSE

Answered: 1 week ago

Question

★★★★★
List the attributes along which customer demand from different segments can vary that are important to supply chain management.

Answered: 1 week ago

Question

★★★★★
in quickbooks online: Sarah at the sarah's spa is looking for an employee who has been terminated but not deleted from the employee list, but she can't find the employee. What should she do to...

Answered: 1 week ago

Question

★★★★★
For each one of the costs below, explain whether the resource cost is explicit or implicit, and give the annual opportunity cost for each one. Assume the owner of the business can invest money and...

Answered: 1 week ago

Question

★★★★★
7. The following image shows incoming waves at times 0 and 2 seconds. Use this information to predict the resulting waves at times of 6 and 8 seconds. ____.__..._._._,,_.._.. wwF "a. -__. _...

Answered: 1 week ago

Question

★★★★★
The data represent the cost, return on investment, and graduation rate for a random sample of fifty colleges or universities in the United States. The data is from payscale.com. The variable "Cost"...

Answered: 1 week ago

Question

★★★★★
Premium refund checks will be issued; new premium rates will be prorated and applied as payroll deductions starting June 1.Prepare an appropriate request approval letter to be sent to each employee...

Answered: 1 week ago

Question

★★★★★
Carl Bott, a systems analyst in your department, has requested approval to take a three-week leave without pay immediately following his two-week paid vacation in February. Carl and his brother want...

Answered: 1 week ago

Question

★★★★★
Technology. When you took the first can from the 12-pack of ReFresh Lemon Zest soda you bought yesterday, you knew something was wrong.You couldnt see any damage, but it was obvious the can was not...

Answered: 1 week ago

Previous Question Next Question