Question: please i need help. is due in few days. I was able to complete other questions. thank you. J. Current portion of long-term debt k


J. Current portion of long-term debt k Depreciation expense Long-tenn debt m. Notes payable n. Accounts payable o. Additional paid in capital p. Dividends paid to common stockholders Part II: Open Ended Accounting Problems Instructions: Determine a final numerical annner for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on College. For all questions (unless othenese specifically instructed), round (f necessary) all answers to whole dollar amountsile, Erro decimal places), but you will NOT record the dollar sign or any comunas on College. For example, round 524,302.84 to 524,303 and record this value on College ar 24303 Financial statement data for Plum Crazy Boutique (a high-end clothing retail company) are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2021 and use your constructed statement to answer the following questions Advertising 38,730 Beginning of year inventory 86.490 Depreciation 7.620 End of year inventory 91,740 General and administrative expenses 47,620 Gross sales 954,760 Interest expense 12,760 Lease payments 29,500 Management salaries 142,750 Purchases $76,580 Research and development 6.850 Retums and allowances 6,750 Taxes 33,840 15. What was gross pront from Plum Crazy Boutique's income statement for the year ending December 31, 20212 16. What was operating profit (1... EBIT) from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 17. What was pront before taxes (1.e., EBT) from Plum Crazy Boutique's income statement for the year ending December 31, 20212 18. What was net income from Plum Crazy Boutique's income statement for the year ending December 31. 20212 Part II: Open Ended Accounting Problems Instructions: Determine a final mumerical answer for each question. You will record your ANSWERS ONLY on THPS-1 Answer Submission Form on College. For all questions (unless othenvise specifically instructed). round (if necessary) all answers to whole dollar amounts (ie, zero decimal places), but you will NOT record the dollar sign or any commas on iCollege. For example, round $24,302.84 to $24,303 and record this value on iCollege at 24303 Financial statement data for Plum Crazy Boutique (a high-end clothing retail company) are given below. All figures are in dollars. Use this data to construct an Income Statement for the year ending December 31, 2021 and use your constructed statement to answer the following 4 questions. Advertising 38,730 Beginning of year inventory 86,490 Depreciation 7,620 End of year inventory 91.740 General and administrative expenses 47,620 Gross sales 954,760 Interest expense 12,760 Lease payments 29,500 Management salaries 142.750 Purchases 576,580 Research and development 6.850 Retums and allowances 6.750 Taxes 33,840 15. What was gross profit from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 16. What was operating profit (i.e., EBIT) from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 17. What was profit before taxes (1.e., EBT) from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 18. What was net income from Plum Crazy Boutique's income statement for the year ending December 31, 2021? 12. Which of the following accounts would appear as assets on a retail company balance sheet (choose ALL that apply, this is an "all or nothing" question - you MUST properly indicate ALL that apply or you will receive 0 points for this question): 2. Accounts payable b. Accounts receivable c. Additional paid in capital d. Cash and marketable securities e. Capital surplus f. Current portion of long-term debt g Notes payable h. Depreciation expense i Accumulated depreciation J. Cost of goods sold (ie., COGS) k Common stock 1 Long-term debt m. Retained eamings n. Gross fixed assets 0. Inventory 13. Which of the following accounts would appear as liabilities on a retail company balance sheet (choose ALL that apply, this is an "all or nothing" question - you MUST properly indicate ALL that apply or you will receive 0 points for this question): a. Additional paid in capital b. Cost of goods sold (Le,COGS) c. Accounts receivable d. Accounts payable e. Common stock Inventory & Dividends paid to common stockholders h. Retained earnings 1 Cash and marketable securities j. Gross fixed assets k. Accumulated depreciation Depreciation expense m. Notes payable n. Capital surplus 0. Long-term debt p. Current portion of long-term debt 14. Which of the following accounts would appear as equity on a retail company balance sheet (choose ALL that apply, this is an "oll or nothing" question - you MUST properly indicate ALL that apply or you will receive 0 points for this question) a Gross fixed assets b. Accounts receivable c. Accumulated depreciation d. Capital surplus e. Cost of goods sold (1.e., COGS) f. Cash and marketable securities 8. Inventory h. Common stock Retained earings 3 1
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