Revenue Income Statement Makana Industries and Services Company Ltd from 2023-01-01 to 2023-12-31 4101 - Revenue...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/05/6644c8b019741_8556644c8afd0813.jpg)
Transcribed Image Text:
Revenue Income Statement Makana Industries and Services Company Ltd from 2023-01-01 to 2023-12-31 4101 - Revenue of Products and services Sales 4201 - Other income 510705-HRDF Total 41 - Revenue Revenue Cost Purchases 2023 2022 74,974,730 83,802,304 452,568 192,980 222,000 94,900 75,649,297 84,090,184 10,521,150 12,295,614 Operation Expenses 510701 Base Pay 5,955,415 4,071,245 510702 - Overtime 1,650,914 2,110,689 5217 Food with Accommodation Expenses 1,569,344 1,438,651 510703 - Housing Allowance 269,124 159,312 510704 - Transportation Allowance 63,580 49,666 5108 EOS & Leave Encashment 325,002 374,206 5219 - Fuel expense 783,503 704,210 520401 - Vehicles/Truck Rental 2,025,406 2,298,418 520402 - Machine Equipment Rental 3,140,930 2,818,582 520403 - Accommodation & Camp Rental 555,203 179,028 521601 - Machineries, Tools & Equipment repair & maintennance 66,704 64,320 521602 - Vehicles & Trucks repair & maintenance 124,972 105,297 521603 - Office & Accommodation repair & maintennance 16,689 15,447 5105 - Engineering Services 512,515 504,403 Outside Services 4,005,223 5,944,623 21,064,526 20,838,098 5106 Total Operation Expenses General Administrative Expenses 5112 Iqama Expenses 520802 Government fees 5220 - Recruitment Expenses 520404 - Office Rental 521001 Water 2,265,746 1,505,214 333,428 223,160 35,778 44,362 35,000 7,276 58,272 521002 - Electricity 60,318 44,900 5214 Other expenses 203,282 467,516 5222 Accounting Services 15,000 15,550 5110 Social insurance expense (GOSI) 301,502 185,056 5206 - Airfare 437,648 418,126 5113 -Travel Expenses 162,750 5111 - Medical insurance and treatment 318,557 131,436 521003 - Telephone & Internet 132,561 99,213 520803 - Violation & Penalty charges 22,499 25,741 5211 Office supplies 85,260 34,784 5221 - Vehicle Insurances 47,513 30,537 5104 - Freight & Custom Fees 202,148 206,029 5213 Bank commissions 57,289 109,842 510706-Visa 2,773 5209 Software Licenses Subscription 58,826 42,741 5203 Marketing and advertising 5,660 2,612 5212 Hospitality and cleanliness 2,580 2,380 5218 - Training expenses 58,399 4,150 5205 Commissions and incentives 7,378 59,058 Total General Administrative Expenses 4,859,171 3,710,678 5215 - Depreciation 1,359,243 1,039,120 Total Expenses 37,804,090 37,883,509 Earning Before Interest & Tax (EBIT) 5301 - Zakat expenses Operating Margin Profit Margin 37,845,208 46,206,675 2,212,200 1,336,744 50% Net Profit 35,633,008 47% 55% 44,869,931 53% Revenue Income Statement Makana Industries and Services Company Ltd from 2023-01-01 to 2023-12-31 4101 - Revenue of Products and services Sales 4201 - Other income 510705-HRDF Total 41 - Revenue Revenue Cost Purchases 2023 2022 74,974,730 83,802,304 452,568 192,980 222,000 94,900 75,649,297 84,090,184 10,521,150 12,295,614 Operation Expenses 510701 Base Pay 5,955,415 4,071,245 510702 - Overtime 1,650,914 2,110,689 5217 Food with Accommodation Expenses 1,569,344 1,438,651 510703 - Housing Allowance 269,124 159,312 510704 - Transportation Allowance 63,580 49,666 5108 EOS & Leave Encashment 325,002 374,206 5219 - Fuel expense 783,503 704,210 520401 - Vehicles/Truck Rental 2,025,406 2,298,418 520402 - Machine Equipment Rental 3,140,930 2,818,582 520403 - Accommodation & Camp Rental 555,203 179,028 521601 - Machineries, Tools & Equipment repair & maintennance 66,704 64,320 521602 - Vehicles & Trucks repair & maintenance 124,972 105,297 521603 - Office & Accommodation repair & maintennance 16,689 15,447 5105 - Engineering Services 512,515 504,403 Outside Services 4,005,223 5,944,623 21,064,526 20,838,098 5106 Total Operation Expenses General Administrative Expenses 5112 Iqama Expenses 520802 Government fees 5220 - Recruitment Expenses 520404 - Office Rental 521001 Water 2,265,746 1,505,214 333,428 223,160 35,778 44,362 35,000 7,276 58,272 521002 - Electricity 60,318 44,900 5214 Other expenses 203,282 467,516 5222 Accounting Services 15,000 15,550 5110 Social insurance expense (GOSI) 301,502 185,056 5206 - Airfare 437,648 418,126 5113 -Travel Expenses 162,750 5111 - Medical insurance and treatment 318,557 131,436 521003 - Telephone & Internet 132,561 99,213 520803 - Violation & Penalty charges 22,499 25,741 5211 Office supplies 85,260 34,784 5221 - Vehicle Insurances 47,513 30,537 5104 - Freight & Custom Fees 202,148 206,029 5213 Bank commissions 57,289 109,842 510706-Visa 2,773 5209 Software Licenses Subscription 58,826 42,741 5203 Marketing and advertising 5,660 2,612 5212 Hospitality and cleanliness 2,580 2,380 5218 - Training expenses 58,399 4,150 5205 Commissions and incentives 7,378 59,058 Total General Administrative Expenses 4,859,171 3,710,678 5215 - Depreciation 1,359,243 1,039,120 Total Expenses 37,804,090 37,883,509 Earning Before Interest & Tax (EBIT) 5301 - Zakat expenses Operating Margin Profit Margin 37,845,208 46,206,675 2,212,200 1,336,744 50% Net Profit 35,633,008 47% 55% 44,869,931 53%
Expert Answer:
Answer rating: 100% (QA)
Answer To calculate the profit margin for Makana Industries and Services Company Ltd for the year ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $65. Budgeted unit sales for June, July,...
-
CoursHeroTranscribedText: Question 1 The daily volume of a brokerage company follows a normal distribution. The director wants to estimate the daily volume negotiated. a) What size should have a...
-
A survey of recent masters of business administration (MBAs) reveals that their starting salaries follow a normal distribution with mean $48,000 and standard deviation $9,000. Find the probability...
-
A manufacturing company produces electrical insulators. If the insulators break when in use, a short circuit is likely to occur. To test the strength of the insulators, destructive testing is carried...
-
Malic acid, C4H6O5, has been isolated from apples. Because this compound reacts with 2 molar equivalents of base, it is a dicarboxylic acid. (a) Draw at least five possible structures. (b) If malic...
-
How should a revision of depreciation charges due to a change in an asset's estimated useful life or salvage value be handled? Which periods-past, present, or future-are affected by the revision?
-
Dickey Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory: Dickey Books' accountant prepared...
-
Masay Company provided the following information for 2019: Sales Inventories January 1: - Raw materials Goods in process Finished goods Inventories - December 31: Raw materials Goods in process...
-
4. Laura trained two summer students to read immunofluorescence (IF) test for her. Laura trained the two students together, but thought she better test their agreement. So, she had each independently...
-
1. Analyse the advantages and disadvantages to Walmart of the joint venture with Bharti Enterprises. Then conduct some research on the latest strategic partnerships affecting Walmart within both the...
-
Describe what is meant by theoretical framework for damages. Why is this important for an accounting expert witness? Can the results be different?
-
Corporation X is considering remodeling a building that it leases to a retail store. The remodeling costs are estimated at $2.15 million. If it goes ahead with the project, the tenant has agreed to...
-
Explain what is meant by an uptrend, downtrend and sideways trend.
-
When you purchased your house , you took out a 30 - year mortgage with an interest rate of 4.8 % per year . The monthly payment on the mortgage $ 3,431 . You have just made a payment and have now...
-
Write about the communication dynamics of virtual teams.
-
If there is an unrealized holding gain on available-for-sale investments, it is reported as?
-
A1 Construction began operations on January 1, 2007. The company pays workers compensation insurance premiums for its employees. The companys accountant assembled the data below for 2007: 1. Compute...
-
Premier Landscaping reports the following in its payroll register for August. The company makes monthly tax deposits. Prepare the general journal entry to record Premier Landscapings deposit of its...
-
Paloma Co. pays its employees each week. Its employees gross pay is subject to these taxes: The company is preparing its payroll calculations for the week ended August 25. Payroll records show the...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App