User Account

All Pages

How much is the company sales for the year

Assignment Help Financial Accounting
Reference no: EM132823158

Question - SABM Co. reported net income of P2,100,000 for 2020 . It incurred operating expenses other than interest expense, at 40% of cost of sales but only 20% of sales. Interest expense is 5% of sales. Purchases is 120% of cost of sales and ending inventory is twice the beginning inventory. If the company is subject to 30% income tax, how much is the company's sales for the year?

Reference no: EM132823158

Questions Cloud

Analyze business data through the use of software analysis : Analyze business data through the use of software analysis tools in order to aid business decision making and problem solving
Describe a student loan repayment program : Describes a student loan repayment program as a discretionary benefit. Compares different forms of the discretionary benefit and how their policies.
Analyze the impact on cybersecurity : Describe at least one emerging domain in the field of IT. Include details such as the underlying technologies of these domains and expected timelines
Design of the cashier position : Consider the job of a cashier in a supermarket. How will a supermarket manager use the job characteristics approach to improve the design of the cashier positio
How much is the company sales for the year : Interest expense is 5% of sales. Purchases is 120% of cost of sales and ending inventory is twice the beginning inventory. How much is the company sales
Differences between a job evaluation and a job analysis : What are some of the main differences between a job evaluation and a job analysis?
Perform total rewards market research : Perform total rewards market research and benchmarking techniques. You are the HR Director for a small chain of weight loss clinics in Trenton, New Jersey.
Make a strategic contribution to organisation : The Chief Executive of your chosen organisation is reviewing the HR function. She/he wants to know what contemporary research says about the contribution HR mak
How is good determined : How is "good" determined? Explain in one or two sentences what the theory argues is the correct way to determine what is right.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd