Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. interest expenses omr 200 interest payable omr 100

Interest expenses OMR 200 Interest payable OMR 100 Advertisement OMR 50 Insurance expense OMR 60...

80.2K

Verified Solution

Question

Accounting

Interest expenses OMR 200

Interest payable OMR 100

Advertisement OMR 50

Insurance expense OMR 60

Rent received OMR 90

Loss on sale of furniture OMR 75

Sold furniture for profit of OMR 110

Interest received OMR 20

Gross profit OMR 172

Sales discount OMR 16

Sale returns OMR 12

Sales revenue OMR 400

Find the operating income

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

Basic Math
1.2K views

Tara invests 555 into a savings account that has an interest rate of 12 6...

Finance
1.2K views

The beta of four stocks-----?G, ?H, I, and J----are 0.47?, 0.71?, 1.19?, and 1.55?, respectively and...

Basic Math
1.2K views

A hospital director is told that 55% of the emergency room visitors are insured. The director...

Biology
1.2K views

Probes used in Medical Imaging establishments contain multiple transducers in a fan arrangement. How might more...

Physics
1.2K views

How was Rotational Dynamics concept “discovered”? What is the background/history of Rotaional Dynamics?

Basic Math
1.2K views

Find the derivative of the function.h(s) = -2?3s + 2

Accounting
1.2K views

Accounting for impairment losses is required for investments...

Accounting
1.2K views

Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Conquistador...

Accounting
1.2K views

Resolving a Present Cost to an Annual Cost Determine the value of EUAW (Equivalent Uniform...

Accounting
1.2K views

can you please solve it according to the pattern. with proper calculation On...

Finance
1.2K views

What will be the nominal rate of return on a perpetual preferred stock with a...

Accounting
1.2K views

Is fair value too subjective of a measurement for complete reliance when compared with historical...