ICHIGO Company Income Statement For the month ended Oct. II. 2020 Sales Cost of Sales...

70.2K

Verified Solution

Question

Finance

image

ICHIGO Company Income Statement For the month ended Oct. II. 2020 Sales Cost of Sales Gron profit Operating capenses Earrings before interest and tones Interest eapers Earnings before tones Tanes (39N) Net Income/larning after towns P2,000,000 11,200,000) 100,000 II.200 420,000 70,000 150,000 (122.5001 227.500 Ovvidende Total 116.500 91.000 ICHIGO Company Statement of Financial Position For the month anded Oct 11, 2020 Cash Accounts receivable Inventory Total Current Assets Fixed Asseta (net) Total Assets Accounts payable Accrved Expenses Accrurd Tones Total Current Liabilities Notes Foyable bank Long-term der Total Liabilities Ordinary shares Netained farnings Total Shareholder's equiry Total liabilities and equity Assets P 50,000 400,000 280,000 P1,200,000 800.000 P2,000,000 Liabilities and Stockholder's quity P 250.000 10,000 20.000 P 280,000 70,000 150.000 p. 500,000 1,200,000 J00,000 P1,500,000 P2,000,000 The firm is expecting a 25 increase in sales new year, and theclare JON of died. The increase In soles expected to carry out without any expansion of Mixed assets, but rather through more efficient set utilisation in the easting store. Among abilities, only current liabilities vary directly with sales Prepare a complete statement of financial position for ICHIGO Company for the year 2021 ICHIGO Company Income Statement For the month ended Oct. II. 2020 Sales Cost of Sales Gron profit Operating capenses Earrings before interest and tones Interest eapers Earnings before tones Tanes (39N) Net Income/larning after towns P2,000,000 11,200,000) 100,000 II.200 420,000 70,000 150,000 (122.5001 227.500 Ovvidende Total 116.500 91.000 ICHIGO Company Statement of Financial Position For the month anded Oct 11, 2020 Cash Accounts receivable Inventory Total Current Assets Fixed Asseta (net) Total Assets Accounts payable Accrved Expenses Accrurd Tones Total Current Liabilities Notes Foyable bank Long-term der Total Liabilities Ordinary shares Netained farnings Total Shareholder's equiry Total liabilities and equity Assets P 50,000 400,000 280,000 P1,200,000 800.000 P2,000,000 Liabilities and Stockholder's quity P 250.000 10,000 20.000 P 280,000 70,000 150.000 p. 500,000 1,200,000 J00,000 P1,500,000 P2,000,000 The firm is expecting a 25 increase in sales new year, and theclare JON of died. The increase In soles expected to carry out without any expansion of Mixed assets, but rather through more efficient set utilisation in the easting store. Among abilities, only current liabilities vary directly with sales Prepare a complete statement of financial position for ICHIGO Company for the year 2021

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students