Question

In: Accounting

Financial information is presented below for Amazon. Please find the missing amounts. Sales revenue $ (a)...

Financial information is presented below for Amazon. Please find the missing amounts.

Sales revenue

$ (a)

Sales returns and allowances

3,000

Net sales

95,000

Cost of goods sold

(b)

Gross profit

36,000

Operating expenses

(c)

Income from operations

(d)

Other expenses and losses

7,000

Net income

11,000

Please Solve As soon as
Solve quickly I get you two UPVOTE directly
Thank's
Abdul-Rahim Taysir

Solutions

Expert Solution

Particulars Amount
Sales              98,000
Sales returns               (3,000)
Net sales              95,000
Cost of goods sold              59,000
Gross profit              36,000
Operating expenses              18,000
Income from operations              18,000
Other expenses                 7,000
net income              11,000

please vote

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Financial information for two companies are presented below. Fill in the missing amounts. Sandhill Company Carla...
Financial information for two companies are presented below. Fill in the missing amounts. Sandhill Company Carla Vista Company Sales revenue $ 90,800 $ Sales returns and allowances $  5,000 Net sales 83,000 127,000 Cost of goods sold 55,200 Gross profit $ 41,000 Operating expenses 14,580 Net income $ 18,000 eTextbook and Media List of Accounts Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 15.5%.) Sandhill Company Carla Vista Company Profit...
Presented below is financial data for the XPO Corporation.   Amounts in thousands Sales revenue $11,750 Cost...
Presented below is financial data for the XPO Corporation.   Amounts in thousands Sales revenue $11,750 Cost of goods sold 7,925 Net income 2,250 Inventory 825 Current assets 5,875 Current liabilities 3,375 1. Calculate the following ratios. Inventory turnover Inventory-on-hand period The current ratio for the year    2. Assuming the following industry averages, comment on XPO Corp's performance in relation to the industry averages. Make sure to indicate what account(s) could be attributed to XPO's better or worse performance as...
Presented here are the components in Crane Company’s income statement. Determine the missing amounts. Sales Revenue...
Presented here are the components in Crane Company’s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income $ 71,210 $enter a dollar amount (b) $ 31,800 $enter a dollar amount (d) $15,490 $108,100 $70,200 $enter a dollar amount (c) $enter a dollar amount (e) $30,580 $enter a dollar amount (a) $74,490 $110,270 $49,420 $enter a dollar amount (f)
Presented below are the components in determining cost of goods sold. Determine the missing amounts.
Presented below are the components in determining cost of goods sold. Determine the missing amounts. 
Presented below are the components in determining cost of goods sold. Determine the missing amounts.
Presented below are the components in determining cost of goods sold.Determine the missing amounts.
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets =Liabilities + Owner’s...
1. Presented below is the basic accounting equation. Determine the missing amounts. Assets =Liabilities + Owner’s Equit y (a) $90,000= $30,000 + ? (b) ? = $45000 + $70,000 (c) $94,000 = ? + $55,000 2 - Given the accounting equation, answer each of the following questions. (a) The liabilities of Weber Company are $120,000 and the owner’s equity is $232,000. What is the amount of Weber Company’s total assets? (b) The total assets of Weber Company are $190,000 and...
Information pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales $...
Information pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales $ 98,000 $ 127,000 $ 80,000 Credit sales 290,000 452,000 236,000 Total sales $ 388,000 $ 579,000 $ 316,000 Management estimates that 5% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an...
Presented below is the income statement of Cowan, Inc.:          Sales revenue                      &nbsp
Presented below is the income statement of Cowan, Inc.:          Sales revenue                                                                        $380,000          Cost of goods sold                                                                 225,000          Gross profit                                                                             $155,000          Operating expenses                                                                   95,000          Income before income taxes                                                      60,000          Income taxes                                                                              24,000          Net income                                                                             $ 36,000 In addition, the following information related to net changes in working capital is presented:                                                                                                               Debit                  Credit          Cash                                                                                         $12,000          Accounts receivable                                                                   25,000          Inventories                                                                                                              $19,400          Salaries payable (operating expenses)                                        8,000         ...
Presented below is the income statement of Cowan, Inc.:          Sales revenue                      &nbsp
Presented below is the income statement of Cowan, Inc.:          Sales revenue                                                                         $380,000          Cost of goods sold                                                                    225,000          Gross profit                                                                             $155,000          Operating expenses                                                                    95,000          Income before income taxes                                                      60,000          Income taxes                                                                              24,000          Net income                                                                             $ 36,000 In addition, the following information related to net changes in working capital is presented:                                                                                                               Debit                     Credit          Cash                                                                                          $12,000          Accounts receivable                                                                   25,000          Inventories                                                                                                              $19,400          Salaries payable (operating expenses)                                        8,000          Accounts payable                                                                                                     14,000         ...
Changes in Various Ratios Presented below is selected information for Turner Company: 2019 2018 Sales revenue...
Changes in Various Ratios Presented below is selected information for Turner Company: 2019 2018 Sales revenue $950,000 $850,000 Cost of goods sold 575,000 545,000 Interest expense 20,000 20,000 Income tax expense 27,000 30,000 Net income 65,000 55,000 Cash flow from operating activities 70,000 60,000 Capital expenditures 45,000 45,000 Accounts receivable (net), December 31 126,000 120,000 Inventory, December 31 196,000 160,000 Stockholders’ equity, December 31 450,000 400,000 Total assets, December 31 750,000 675,000 Required Calculate the following ratios for 2019. The...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT