LABAGUIS, Kristine Dana P.

BSBA MKT 1-1

Calculate the followings and choose the correct answers at the assignment Seatwork

1. Determine the Cost of Good Sold

2. Determine the Gross Profit
3. Determine Total Expense
4. Determine the Net Profit

ANSWERS:
(255,000)
Cost of Good Sold = 255,000
245,000
Gross Profit = 245,000

Total Expense = 179,000

Net Profit = 66,000

(179,000)

66,000
 ANSWERS:
1. Determine the net book value of Equipment
• 50,000-20,000= 30,000
30,000
2. Determine the Total Fixed Assets
• 30,000+400,000= 430,000
430,000
3. Determine Inventory under Current Assets.
85,000 • Look at the income statement of closing
inventory can copy
128,000 • Inventory under Current Assets = 85,000

4. Determine Total Current Assets.

• Total Current Assets= 128,000
(32,000)
5. Determine the liquidity Assets
96,000 • Liquidity Assets = 128,000- 85,000= 43,000
526,000
6. Determine Total Current Liability
• 20,000+10,000+2,000 = 27,000

7. Determine the Working Capital

216,000 • Working Capital= 128,000- 32,000= 96,000
 8. Determine the Total Assets
• Total Assets= 430,000+96,000=526,000

9. Determine the Net Worth

216,000
• Net Worth= 526,000- 310,000= 216,000