Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission received OMR 4000 and Dividend received OMR 2000. a. OMR 18000 b. OMR 19000 c. OMR 24000 d. OMR 21000

Q: Questions: Determine the following: 1. The gross sales for the year. a P1,000,000 b. P1,030,000 2…

A: Sales and purchases are an integral of every organization. Both Sales and Purchases can be done by…

Q: Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2…

A: Return on Total Assets  = Net Income / Average Total Assets  Return on Equity  = Net Income /…

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…

A: Introduction: Net income: deduction of all expenses from revenues derives the net income. Net income…

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: Given gross profit = OMR 15000

Q: Assume that a company has current assets of R60 000, current liabilities of R5 000 and prepaid…

A: Quick ratio can be defined as the liquidity ratio which measures the firm's ability to pay off its…

Q: Question #4 Prepare a multi-step income statement based upon the information below: Cost of goods…

A: Income Statement: The income statement reports the financial performance in terms of profit or loss…

Q: Whencash 5000, net sales 185000, general utilities OR 2100, Rent expense OR 190, cash OR 2750,…

A: Net profit: It is the residual amount that is left over with the company after paying all of its…

Q: Provide the missing number in the following equa decimal points, or pennies. Profit = 11550…

A: Profits of the company is divided into parts: i) Distributed Earnings which is known as Dividends…

Q: ired information following information applies to the questions displayed below.] vn here are…

A: Sales / Revenue : It is the amount which is earned by the business or individual to render their…

Q: Compute total income from the following? Net Sales OMR 50000, Cost of goods sold OMR 20000, Dividend…

A: Gross profit = Net Sales - Cost of goods sold = 50000-20000 = OMR 30000

Q: Calculate net profit from the following? Net sales OMR 50000, Cost of goods sold OMR 20000, Rent…

A: Net profit is the amount remain after payment of all expenses.it can be calculated         Net…

Q: Times interest earned A company reports the following: Income before income tax expense $3,075,800…

A: Solution: Times interest earned ratio = Income before interest and income taxes / Interest expense…

Q: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent…

A: Net income is the calculation of the remaining amount with an organization after deducting taxes,…

Q: Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to…

A: As per Bartleby Honor Code, when a question with multiple sub-parts has been asked, the expert is…

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: Total income = Gross Profit - Rent Paid + Commission received + Dividend received

Q: Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2…

A: Calculation of the respective ratios of the firm for 5 years: Formulation:

Q: A company reports the following:   Income before income tax $565,120   Interest expense 88,300…

A: Income before Interest and Tax=Income before tax+Interest expense=$565,120+$88,300=$653,420

Q: Given these data, compute NET INCOME. • $3,400 . • $1,200 • $5,500 • $600 $800 .

A: Net income is the income earned by the firm after deducting all the expenses. Measuring the net…

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: Total Incomes: Sum of all the incomes earned derives the total income. Total income to be shown in…

Q: Using the information in AA8, how much is the total amount of Retained Earnings? P 150,000 P 100,000…

A: Retained earnings means the amount that is left after paying all the expenses and amount that…

Q: Solve for the unknown... Formula= income minus expenses plus Comprehensive income is equal to net…

A: According to the formula given: Net income or loss = Income - expense

Q: 1. Now prepare a simple Statement of Comprehensive Income using the following: Revenue – 20,000 Rent…

A: Comprehensive income includes the unrealized gains or losses and net income of the entity. Net…

Q: You have been asked to evaluate the historical performance of the company over the last five years.…

A: The ratios help in analyzing the financial  position of the company with respect to the industry to…

Q: Given the following income statement data, calculate net income: sales=$2500, cost of goods…

A: To calculate the net income we will use the below formula   Net income = [Sales-Cost of goods…

Q: Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400…

A: Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends…

Q: Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission…

A: Formula: Total income = Gross profit - Rent paid + Commission received + Dividend received

Q: OMR Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400…

A: Total income means the profit earned by company after adding all income and deducting all cost and…

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: In an income statement, total Sales and revenue in $230,000 and total operating expenses is $80.000.…

A: Solution Net income = Total sales and revenue - Total operating expenses - Tax.

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…

A: The income statement is an essential part of the financial statements of the company. It is prepared…

Q: Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100…

A: An expenses ratio seems to be the percentage of expenses accrued in relation to net contributions…

Q: Calculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000,…

A: Net sales = OMR 100000 COGS = OMR 40000 Rent received = OMR 20000 Salaries = OMR 10000 Insurance =…

Q: How much is the total gross income? a. 1,320,000 b. 1,400,000 c. 1,470,000 d. 1,550,000

A: Revenue :  It is the amount of sale of goods and services in cash or credit during an accounting…

Q: Brad Bang Co. reports net income of €75,000. The income ratios are Brad 60% and Bang 40%. Prepare…

A: Net Income of the business will be distributed to partners in the defined income or loss ratio.

Q: Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission…

A: Net income is calculated as gross receipts less expenses.

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…

A: Net profit is the amount the money made by your business after deducting all operating, interest,…

Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: 33- Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission…

A: Given  Gross Profit OMR 10000, Rent Paid OMR 1000, Commission received OMR 3000 and Dividend…

Q: If the gross profit 196 000 ID, other revenue and gains 4 360 ID , operating expenses 143.900 ID,…

A: Given that, Gross profit = 196000 ID The gross profit is determined with the net sales plus the…

Q: Times interest earned A company reports the following: Income before income tax expense $4,300,000…

A: Solution: Income before Interest and income tax expense = Income before income tax expense +…

Q: Determine the net income (loss) for the period. Oa. Net income $3,095 Ob. Net loss $3,095 Oc. Net…

A: Solution: - Computation of the net income(loss) for the period (Stockton company): -

Q: From the following information, calculate Net Profit . Details Debit Credit (RO) (RO) Salary 6500…

A: The net income is the income that is received after deducting all expenses.

Q: If operations for an accounting period resulted in revenue earned of $200,000 and expenses incurred…

A: Net income is calculated after deducting all the expenses from the total revenue. Total expenses…

Q: Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400…

A: Net income: It is the income earned after deducting all the expenses incurred whether they are…

Q: For each independent situation below, calculate the missing values. Net Income/ Revenues Expenses…

A:

Q: Year Net Income Cumulative (Loss) Net Income 2018 6,500,000 6,500,000 2019 400,000

A: Cumulative net income = Net income for 2018 + Net income for 2019