Wellness Limited had sold goods having an invoice value of $1.5 million during the month of January. Out of the total invoice value, it has received cash amounting to $0.55 million only. What must be the value of sales revenue in the income statement for the month of January?Sales revenue: $0.95 millionSales revenue: $0.55 millionSales revenue: $1.5 millionSales revenue: $0.45 million

During the month ended 31 October 2019, your business made a gross profit of Sh 60,000 which represented a mark-up of 50 per cent. Opening stock was Sh 12,000 and closing stock was Sh 18,000. Determine the value of: (Write your answers with commas e.g. 10,000 not 10000) Cost of goods sold = Sh Cost of goods available for sales = Sh Value of goods purchased = Sh Total sales = Sh

Total monthly revenue = Total monthly cost$87 x Units produced x (x / 100) = Unit variable cost x Units produced x (x / 100) + $828,000 + $276,000$87x² / 100 = $62x² / 100 + $1,104,000$25x² / 100 = $1,104,000x² = 44,160,000 / 25x² = 1,766,400x = 42.0

Kayamoto received P60,000 advance payment of his fee in January.  In February, ½ of the amount is already earned, and ¼ earned in March and ¼ is to be returned to the customer because it could no longer be earned.  How much is the correct revenue?Group of answer choicesP60,000 total earnings January to March in either accrual or cash basisP60,000 in January under accrual basisP15,000 in March under accrual basisP45,000 in February under cash basis

ABC Co. leased equipment from XYZ Co. on July 1, Year 1, in a finance lease. The present value of the lease payments discounted at 10% was $53,553. Seven annual lease payments of $10,000 are due each year beginning July 1, Year 1. XYZ Co. had built the equipment recently for $52,000, and its retail fair value was $53,553. What amount of interest income from the lease should XYZ Co. recognize in its income statement on December 31, Year 1?

Beauty and the Bistro, Inc. had $500 of Supplies on its balance at the end of its 1st year of business. It purchased $5,000 of supplies during the 2nd year. At the end of the 2nd year, it had $800 of supplies on hand. What is the amount of Supplies Expense on the income statement?Multiple choice question.$1,300$5,800$800$6,300$4,700