Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 06, 2024

115,200and interest payable was2,500.The cost of goods remaining unsold at the year end was74,400. What is the operating profit in the first year of operation?

115,200 and interest payable was £2,500. The cost of goods remaining unsold at the year end was £74,400.

What is the operating profit in the first year of operation? Calculate.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The operating profit in the first ... 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

Step: 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 Introduction

Authors: Mr Barry Elliott, Mr Augustine Benedict

2nd Edition

0273737651, 9780273737650

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Datametrix Corporation has been in operation for one full year (2010). Financial statements are shown below. Sales are expected to grow at a 30 percent annual rate for each of the next three...

Answered: 1 week ago

Question

★★★★★

Bill and Fiona Russell have always enjoyed craft beer, and in recent years have started making small batches at home. As they experimented, they mastered several niche recipes including a key lime...

Answered: 1 week ago

Question

★★★★★

The Taos Museum of Southwestern Arts and Crafts (TMSAC) presents rotating exhibits of the works of artists and artisans from the Southwestern United States. Historically, the museum has derived its...

Answered: 1 week ago

Question

★★★★★

Q6) From the product_t table, return the number of rows of products with a natural ash finish OR a cherry finish Q7) From the customer_t table, return all entries with a postal code beginning with 9,...

Answered: 1 week ago

Question

★★★★★

How should a small business manager use the ratios discussed in this chapter?

Answered: 1 week ago

Question

★★★★★

=+EX 16-14 Reporting issuance and retirement of long-term debt obj. 2 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 2010 Balance Stock dividend Cash dividend Net...

Answered: 1 week ago

Question

★★★★★

Let r(p) be the reliability function. Show that r(p) = pir(1i, p) + (1 pi)r(0i, p)

Answered: 1 week ago

Question

★★★★★

Sulfur dioxide is oxidized to sulfur trioxide in a small pilot-plant reactor. SO 2 and 100% excess air are fed to the reactor at 450C. The reaction proceeds to a 65% SO 2 conversion, and the products...

Answered: 1 week ago

Question

★★★★★

Prepare the journal entries, that Sweet should record on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required,...

Answered: 1 week ago

Question

★★★★★

Explain how competencies are developed through supervised practice. Focus your response on skills application utilizing the psychodynamic or cognitive behavioral approach to supervision. Include...

Answered: 1 week ago

Question

★★★★★

mpute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by minus sign.)

Answered: 1 week ago

Question

★★★★★

Justify whether the following limit exists. The notation (x, y)(xo, yo)+ indicates that approaches the 20 from the positive side of x0 , and that y approaches to from the positive sied of ...

Answered: 1 week ago

Question

★★★★★

Select all that apply Which of the following are true of monitoring process outcomes? Multiple select question. Process outcomes fluctuations caused by something systematic in the process are...

Answered: 1 week ago

Question

★★★★★

On January 1, 2022, Pastel Inc. (Pastel) purchased 97,500 voting shares of Sunny Corporation (Sunny) for $253,500. Sunny has 150,000 outstanding voting. On that date, Sunny's common shares and...

Answered: 1 week ago

Question

★★★★★

The Plastics Division of Minock Manufacturing currently earns $2.86 million and has divisional assets of $26 million. The division manager is considering the acquisition of a new asset that will add...

Answered: 1 week ago

Question

★★★★★

Lauderdale Corporation is organized in three geographical divisions (regions) with managers responsible for revenues, costs, and assets in their respective regions. The firm is highly decentralized...

Answered: 1 week ago

Question

★★★★★

what are the solutions for CIS373 week3 course project assignment part2?

Answered: 1 week ago

Question

★★★★★

Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+

Answered: 1 week ago

Question

★★★★★

The following are particulars of dividends proposed, declared and paid to ordinary shareholders: January 2011: paid 30,000 as second interim for 2010, declared in December 2010 April 2011: paid...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is correct: A Statement of financial position reports: (a) How well off a business is as at that date (b) The wealth of the one owning the business (c) The assets...

Answered: 1 week ago

Question

★★★★★

The list of account balances, stated below, has been extracted from the books of a newsagent First with the News as at the year-end on 31 March 2010. The only balance not included in the list is the...

Answered: 1 week ago

Question

★★★★★

When you close your eyes and raise your hand above your head, you know where your hand is due to information from a. proprioceptors. b. the otolith organs. c. the horizontal canals. d. the...

Answered: 1 week ago

Question

★★★★★

Olfactory receptors project directly to the ________ and are unique in that signals do not first connect to the thalamus. a. olfactory bulbs b. occipital lobe c. hypothalamus d. gustatory cortex

Answered: 1 week ago

Question

★★★★★

Taste is often called a ________ sense because it works with the molecules of foods that people eat. a. chemical b. physical c. psychological d. electrical

Answered: 1 week ago

Previous Question Next Question