What is the value of a, b, c, and d? 1.Presented here are the components in Sanders Company's income statement. Determine themissing amounts.OperatingExpensesSalesCost of SalesGross ProfitNet Income(a)(b)P48,000P75,000P40,000P17,000(d)(c)P56,000P64,000Vour enswer

(a) Cost of sales = Sales - Gross profit Cost of sales = P75,000 - P40,000 Cost of sales = P35,000

Presented here are the components in Sanders Company's income statement. Determine the missing amounts. I. Sales Cost of Sales Gross Profit Operating Expenses (b) Net Income P75,000 (a) P40,000 P17,000 (c) P56,000 P64,000 P48,000 (d)

Presented here are the components in Sanders Company's income statement. Determine the missing amounts. I. Sales Cost of Sales Gross Profit Operating Expenses (b) Net Income P75,000 (a) P40,000 P17,000 (c) P56,000 P64,000 P48,000 (d)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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Question

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What is the value of a, b, c, and d?

1.
Presented here are the components in Sanders Company's income statement. Determine the
missing amounts.
Operating
Expenses
Sales
Cost of Sales
Gross Profit
Net Income
(a)
(b)
P48,000
P75,000
P40,000
P17,000
(d)
(c)
P56,000
P64,000
Vour enswer

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