Just Beachy is a retail business located on the coast ofFlorida where it sells a variety of beach apparel, T-shirts,and beach-related souvenir items. They purchase all oftheir inventory from wholesalers and distributors. For theyear ending December 31, 2017, they reported thefollowing revenues and expenses.Sales revenue$705,000Building rent49,000Advertising49,000Sales staff salaries86,000Cost of goods sold 325,000Utilities22,000Supplies11,000Using this information, prepare an income statement forJust Beachy for 2017.Just BeachyIncome StatementFor Year Ending 2017Gross LossGross ProfitNet IncomeNet LossOperating Expenses Western Trucking operates a fleet of delivery trucks. Thefixed expenses to operate the fleet are $78,960 in Marchand rose to $92,150 in April. It costs Western Trucking$0.16 per mile in variable costs. In March, the deliverytrucks were driven a total of 84,000 miles, and in April,they were driven a total of 95,000 miles. Using thisinformation, answer the following:A. What were the total costs to operate the fleet in Marchand April, respectively?MarchAprilTotal cost $B. What were the cost per mile to operate the fleet inMarch and April, respectively? If required, round youranswers to nearest cent.MarchAprilCost per mile $

Name: Just Beachy is a retail business located on the coast ofFlorida where
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Description: Just Beachy is a retail business located on the coast ofFlorida where it sells a variety of beach apparel, T-shirts,and beach-related souvenir items. They purchase all oftheir inventory from wholesalers and distributors. For theyear ending December

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Just Beachy is a retail business located on the coast of Florida where it sells a variety of beach apparel, T-shirts, and beach-related souvenir items. They purchase all of their inventory from wholesalers and distributors. For the year ending December 31, 2017, they reported the following revenues and expenses. Sales revenue $705,000 Building rent 49,000 Advertising 49,000 Sales staff salaries 86,000 Cost of goods sold 325,000 Utilities 22,000

Just Beachy is a retail business located on the coast of Florida where it sells a variety of beach apparel, T-shirts, and beach-related souvenir items. They purchase all of their inventory from wholesalers and distributors. For the year ending December 31, 2017, they reported the following revenues and expenses. Sales revenue $705,000 Building rent 49,000 Advertising 49,000 Sales staff salaries 86,000 Cost of goods sold 325,000 Utilities 22,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 3PA: Just Beachy is a retail business located on the coast of Florida where it sells a variety of beach...

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