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    1) The document provides tables to calculate the selling price of various types of rice using a 25% markup on cost price. It also provides data on the quantity of each rice type sold and their respective sales incomes. 2) It asks to compute the total sales income using the quantity and sales data provided, and provides expense details for a rice trading business to prepare a profit and loss statement. 3) The profit and loss statement is to be prepared using the sales income total, expense details, and cost of goods sold which is to be computed using the quantity and cost price data provided.

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    1) The document provides tables to calculate the selling price of various types of rice using a 25% markup on cost price. It also provides data on the quantity of each rice type sold and their respective sales incomes. 2) It asks to compute the total sales income using the quantity and sales data provided, and provides expense details for a rice trading business to prepare a profit and loss statement. 3) The profit and loss statement is to be prepared using the sales income total, expense details, and cost of goods sold which is to be computed using the quantity and cost price data provided.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views2 pages

    Entre

    Uploaded by

    april tajelo
    1) The document provides tables to calculate the selling price of various types of rice using a 25% markup on cost price. It also provides data on the quantity of each rice type sold and their respective sales incomes. 2) It asks to compute the total sales income using the quantity and sales data provided, and provides expense details for a rice trading business to prepare a profit and loss statement. 3) The profit and loss statement is to be prepared using the sales income total, expense details, and cost of goods sold which is to be computed using the quantity and cost price data provided.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Perform the task about forecasting of revenue and expenses.

    1. Complete the table below by computing the selling price of the following items. (10 points)

    ANGELICA RICE TRADE

    Rice Cost Price / Half Sack Selling Price (25% Mark-up)

    Denorado P 1,000.00 1,250

    Jasmine P 900.00 1,125

    Angelica P 850.00 1,062.50

    Black Rice P 1,200.00 1,500

    Brown Rice P 1,200.00 1,500

    2. Angelica Rice Trading was able to sell quantities of rice below for the month of March 2021.

    Expenses P 200.00
    Complete the table by performing computations. (10 points)

    ANGELICA RICE TRADE

    Rice Quantity Sold Sales Income

    Denorado 13 16,250

    Jasmine 44 49,500

    Angelica 55 58,437.50

    Black Rice 4 6,000

    Brown Rice 8 12,000

    TOTAL: ___142,187.50________________

    3. The following are the expenses of ANGELICA RICE TRADING. Prepare a profit and loss statement
    and compute the cost of goods sold using the data above. (30 points)
    Utilities P 2,300.00

    Repairs and Maintenance P 200.00

    Depreciation P 1,500.00

    Salaries and Wages P 15,000.00

    Advertising P 100.00

    Interest P 100.00

    Tax P 1,096.00

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