Given this information, calculate the net profit after tax for the business.

Sales revenue 107,395
Unearned revenue 6,691
Dividends 7,161
Cost of sales 36,566
Interest revenue 1,699
Operating expenses 19,705
Income tax expense 1,122

Question

Given this information, calculate the net profit after tax for the business.

Sales revenue	107,395
Unearned revenue	6,691
Dividends	7,161
Cost of sales	36,566
Interest revenue	1,699
Operating expenses	19,705
Income tax expense	1,122

BlackTom AI · Accepted Answer

To determine net profit after tax, I will first identify which figures contribute to revenue and which represent expenses.
First, include all operating and non-operating revenues: sales revenue is 107,395 and interest revenue is 1,699. These sum to total revenue of 109,094.
Next, exclude items that do not belong in profit calculation: unearned revenue (6,691) sits on the balance sheet as a liability and does not count as revenue for the period; dividends (7,161) are distributions of earnings and are not an expense or deduction from revenue in the income statement.
Now add up the expenses that reduce profit: cost of sales is 36,566, operating expenses are 19,705, and income tax expense is 1,122. Their total is 36,566 + 19,705 + 1,122 = 57,393.
Subtract total expenses from total revenue to obtain net profit after tax: 109,094 − 57,393 = 51,701.
This result represents the net profit after tax for the period, assuming the figures provided are for a single reporting period and that only the standard income statement items are included. Note that the calculation explicitly excludes dividends and unearned revenue, as they do not belong to the net profit after tax calculation.

BACC011 Week 5: Practice Quiz

Given this information, calculate the net profit after tax for the business. Sales revenue 107,395 Unearned revenue 6,691 Dividends 7,161 Cost of sales 36,566 Interest revenue 1,699 Operating expenses 19,705 Income tax expense 1,122

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