Presented below are the components in Clearwater Pools income statement. Determine the missing amounts. Gross Net Sales

Question:

Presented below are the components in Clearwater Pools’ income statement. Determine the missing amounts. Gross Net Sales Revenue Cost of Operating Expenses Goods Sold Profit Income £78,000 £108,000 £10,800 £30,000 a. b. ?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

See More Books

Question Posted: Jun 21, 2019 08:47 AM

See More Questions

Yangtze Canoes provides the following information for the month ended October 31, 2020 (amounts in Chinese yuan): sales on credit 280,000, cash sales 100,000, sales discounts 5,000, sales returns and...
The following are selected accounts for Feisal Pet Supply as reported in the worksheet at the end of May 2020. Instructions Complete the worksheet by extending amounts reported in the adjusted trial...
Nestls financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C. Instructions a. Based on the information contained in these financial...
Listed below are the genders of the younger winner in the categories of Best Actor and Best Actress for recent and consecutive years. Do the genders of the younger winners appear to occur randomly? F...
Given a system of the form m1x1 + x2 = b1 m2x1 + x2 = b2 where m1, m2, b1, and b2 are constants: (a) Show that the system will have a unique solution if m1 m2. (b) If m1 = m2, show that the system...
Evaluate S: z = 2/3x /2 , 0 x 1, 0 y x JsJ G (x - 2y+z) ds.
In the months leading up to the 2016 election, Christopher Steele, a former British intelligence agent, was hired by a Washington, D.C., research firm to investigate whether then-candidate Donald...
Drive and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Drive and Fly depreciates land improvements over 20...
Suppose one side of your home was damaged in a storm. To fix it you need to put new siding on the damaged exterior wall. The damaged wall measures 30.2 feet in length and 22.7 feet in width. The...
After a 5-for-1 stock split, the Swenson Company paid a dividend of $0.75 per new share, which represents a 9 percent increase over last years presplit dividend. What was last years dividend per...
The financial statements of Apple are presented in Appendix D. The complete annual report, including the notes to its financial statements, is available at the companys website. a. What were Apples...
Assume Jose Foods has the following reported amounts: Sales revenue 506,000, Sales returns and allowances 13,000, Cost of goods sold 342,000, Operating expenses 110,000. Compute the following: (a)...
An electric car company owns two facilities that manufacture and supply high-capacity lithium-ion batteries to three vehicle assembly plants. The first battery facility can produce and ship up to...
From a purely physical perspective the function of an ecosystem is recognized by "a continuous transformation of matter and energy." In other words, nature manifests its existence through this...
Why is it good for the economy that markets be efficient?
Who is the CFO, and where does this individual fit into the corporate hierarchy? What are some of his or her responsibilities?
Whats the difference between a commercial bank and an investment bank?
The contingent valuation method (CVM) works with the premise that it is possible to create an "artificial" market-like condition and elicit individuals" WTP through a well-designed survey questions....
Repeat parts (a)-(c) of Exercise 9.192 for a sample size of 30. Compare your power curves for the two sample sizes, and explain the principle being illustrated. Refer to Exercise 9.192: The null and...
Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill...
(a) When entering a transaction in the journal, should the debit or credit be written first? (b) Which should be indented, the debit or credit?
Describe a compound entry, and provide an example.
(a) Should business transaction debits and credits be recorded directly in the ledger accounts? (b) What are the advantages of first recording transactions in the journal and then posting to the...
Find the Errors Each of the following declarations and program segments has errors. Locate as many as you can. 49. A) struct { int x; }; double y: B) struct Values { string name; int age; }
Find the Errors 28. Each of the following program segments has some errors. Locate as many as you can. A) Cout < < "Enter a number: "; Cin < < number1; Cout < number1, number2; quotient = double...
Describe one way to overcome procrastination we learned from de Janasz, Dowd and Schneider ( 2 0 2 2 ) and how that way helped you to complete this assignment before the deadline.

Presented below are the components in Clearwater Pools income statement. Determine the missing amounts. Gross Net Sales

Question:

Gross Net Sales Revenue Cost of Operating Expenses Goods Sold Profit Income £78,000 £108,000 £10,800 £30,000 a. b. £55,000 £83,900 £29,500 c. £39,500 £79,600

Step by Step Answer:

a Cost of goods sold 48000 78000 30000 Operat...View the full answer

Accounting Principles

Students also viewed these Business questions