Prepare Cash-Flow Statement (Income Statement)Amount inAmount inAmount inITEMOMROMROMRREVENUESales39,095Total Revenue332,307.5COST OF SERVICES SOLDMaterials1.050Labour0.830Total Cost of Services Sold73,498.6GROSS PROFIT258,808.9OPERATING EXPENSESCommissions, Shipping & Handling, PackagingAdvertising10,0002,100Depreciation1,000Insurance5,000Interest20,000Rent25,200Salaries60,960TelephoneUtilities (Electricity, Gas, Water)Other (specify) License, Visa/Labour CardTotal Operating Expenses1,2001,440200127,100PRE-TAX PROFIT131,750.15Тахes (1%)1,317.5NET PROFIT130,402.65

Cash flow and income statement , both are different statements having different meaning , way of…

ITEM OMR OMR OMR REVENUE Sales 39,095 Total Revenue 332,307.5 COST OF SERVICES SOLD Materials 1.050 Labour 0.830 Total Cost of Services Sold 73,498.6 GROSS PROFIT 258,808.9 OPERATING EXPENSES Commissions, Shipping & Handling, Packaging Advertising Depreciation 10,000 2,100 1,000 Insurance 5,000 Interest 20,000 Rent 25,200 Salaries 60,960 Telephone Utilities (Electricity, Gas, Water) Other (specify) License, Visa/Labour Card Total Operating Expenses 1,200 1,440 200 127,100 PRE-TAX PROFIT 131,750.15 Тахes (1%) 1,317.5 NET PROFIT 130,402.65

ITEM OMR OMR OMR REVENUE Sales 39,095 Total Revenue 332,307.5 COST OF SERVICES SOLD Materials 1.050 Labour 0.830 Total Cost of Services Sold 73,498.6 GROSS PROFIT 258,808.9 OPERATING EXPENSES Commissions, Shipping & Handling, Packaging Advertising Depreciation 10,000 2,100 1,000 Insurance 5,000 Interest 20,000 Rent 25,200 Salaries 60,960 Telephone Utilities (Electricity, Gas, Water) Other (specify) License, Visa/Labour Card Total Operating Expenses 1,200 1,440 200 127,100 PRE-TAX PROFIT 131,750.15 Тахes (1%) 1,317.5 NET PROFIT 130,402.65

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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