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The following information relates to the activities of Inga Candels for the year ended 31 Oct 2022: & multicolumn(1)(|c|)( boldsymbol(E) ) Gross profit & 15,000 Motor vehicle & 2,000 expense & Rent expense & 4,000 Light and Heat & 1,000 Salaries & 3,000 Interest on loan & 1,000 Trade receivable & 500 What is the entity's Net Profit for the period? £ 4,000 £ 5,000 £ 6,000 £ 4,500

Users say that a game is interesting to look at but that the music gets annoying, especially as they keep getting stuck on a particular level. How might the producer address these concerns when developing the game? Change the game music and the way players move through the level Change the game concept and the music Change the music and the storyline of the game Change the music and the way the characters look

Which of the following should appear in the income statement? Salaries and wages Property, plant and equipment Motor vehicles Trade receivables Bank loan

Question 4 1 pts Which of the following is Not true about the statement of profit or loss: The main purpose of the statement is to show the cash movements over a particular accounting period. The statement shows three measures of profit: gross profit, operating profit and profit for the period. Revenue is recognized when the control of the goods or services is passed to the customer. In this statement operating profits are calculated by deducting overheads from gross profit

The table below shows two profitability ratios calculated for A B C Ltd and XYZ Itd for the period ended 31 Dec 2022: multicolumn(1)(|c|)( Ratio ) & A B C Ltd & X Y Z Ltd Gross profit margin & 40 % & 15 % Operating profit margin & 10 % & 10 % Which of the following statements is an incorrect interpretation of the two ratios: The two companies generated the same amounts of operating profits in 2022. ABC Ltd has a higher gross profit margin compared to XYZ Ltd. The ratios suggest that A B C Ltd could be better at managing their cost of sales, compared to XYZ Itd.