Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense $168,000 90,000 78,000 32,000 $151,000 78,000 73,000 30,000 43,000 46,000 2,000 44,000 11,000 $33,000 3,000 40,000 Income before taxes 10,000 $30,000 Income taxes Net income

Q: If Net sales $200,000, Cost of goods sold 90,000, Operating expenses 80,000, Net income10,000, Total…

A: Operating Income = Net Sales - Cost of goods sold - Operating expenses = $200,000 - $90,000 -…

Q: Sales revenue   $104,000   $enter a dollar amount  Sales returns and allowances   enter a dollar…

A: Sales returns and allowances = Sales revenue - Net sales Gross profit = Net sales - Cost of goods…

Q: Cost of Goods Sold Gross Sales Net Sales Beg Inventory Purchases Inventory Ending Profit Net Sales…

A: Formula: Net sales = Sales - Sale returns

Q: Cost of Goods Sold Gross Profit (Loss) Sales Net Ending Beg Inventory Purchases Inventory Net Sales…

A: Formula: Net sales = Sales - Sales returns

Q: Cost of goods sold: $164,000 Investment income: $1,200 Net sales: $318,000 Operating expense:…

A: Retained Earnings = Net Profit after tax - Dividend Paid

Q: Net Sales $336,500 Cost of Goods Sold $132,200 $ Gross Margin ($) Operating Expenses $109,000 $ Net…

A: Net profit is the amount of sales revenue left after paying all the operating expenses incurred…

Q: Net Sales $336,500 Cost of Goods Sold $132,200 $ Gross Margin ($) Operating Expenses Net Profit ($)…

A: Introduction: Net profit: Deduction of all expenses from revenues derives the net profit. Net profit…

Q: Prepare the necessary disclosures required by GAAP

A: ANSWER : Disclosures required by GAAP are given below :

Q: FILL - UP THE MISSING AMOUNTS: Sales 3,593,800 Cost of Goods Sold 2,450,300 Gross Profit Expenses…

A: The gross profit is calculated as difference between sales and cost of goods sold. The net income is…

Q: The condensed Net sales Cost of goods sold 2018 $168,500 106,553 $ 61,947 $ 22,301 Gross profit from…

A: Particulars Current ratios December 31,2020 2.4 to 1 December 31,2019 1.9 to 1 December…

Q: Sales $ 435,000 Variable expenses: Cost of goods sold $ 304,500 Administrative expense 21,750…

A: The income statement is referred to as a statement of operations, a profit and loss statement, or a…

Q: Sales $ 430,000 301,000 129,000 $ 960,000 672,000 288,000 $410,000 287,000 123,000 $310,000 217,000…

A:

Q: Cost of Gross Sales Net Beg Net Ending Goods Profit Sales returns Sales Inventory Purchases…

A: Formula: Net sales = Sales - Sales returns

Q: Cost of goods sold $216,128 Rent expense $34,000 Freight-out 6,000 Sales discounts 8,000 Insurance…

A: Formula: Net income = Total revenues - Total expenses

Q: Cost of Sales Net Beg Net Ending Goods Sales returns Sales Inventory Purchases Inventory Sold 5,000…

A: Cost of goods sold: Cost of goods sold refers to the total expenses that are incurred by an…

Q: Sales Cost of goods sold Gross profit Operating expenses. Salaries Income Statement For the year…

A: Lets understand the basics. Cashflow statement is prepared by the management to understand the from…

Q: Gross sales $ 19,000 $ 15,000 Sales returns and allowances   1,000   100 Net sales $ 18,000 $ 14,900…

A: Given 2020 &2019 Current Assets Current assets:   2020   2019 Cash $ 12,000 $ 9,000…

Q: Sales Cost of goods sold Gross Profit Operating expenses P800,000 480,000 320,000

A: Formula used: Each line item value % = ( Each line item value / Sales value ) x 100

Q: Sales Cost of Sales Net Beg Net Ending Goods returns Sales Inventory Purchases Inventory Sold 5,000…

A: Sales revenue: Sales revenue is the amount earned by the company by selling the goods or providing…

Q: Sales Accounts payable Selling expenses Administrative expenses Other revenues Cost of goods sold…

A: Introduction: Gross profit: Deduction of Cost of goods sold value from the Sales revenue derives the…

Q: Gross Sales Sales returns Goods Sold Net Ending Profit Beg Inventory Purchases Inventory Net Sales…

A: Formula: Net sales = Sales - Sales returns

Q: Prepare a Statement of Cash Flows; Free Cash Flow Joyner Company’s income statement for Year 2…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Sales Cost of Sales Gross Profit Operating Expenses (b) Net Income P75,000 (a) P40,000 P17,000

A: Gross profit is the difference between sales and cost of sales. Net Income is the difference between…

Q: Operating Goods Sold ($) Margin Expenses (S) Cost of Gross Net Sales Net Profit $4,234,000 S…

A: The income statement is prepared to determine the net income of the business by subtracting the…

Q: Make the closing entries in the major general

A: Closing Entry: A closing entry is a journal entry passed at the end of an accounting period to…

Q: Sales revenue (all on account) $10,177,250 $9,614,00C Cost of goods sold 5,611,750 5,298,750 Gross…

A: The ratio analysis helps to analyse the financial statements of the business.

Q: Net sales Cost of goods sold $ 180,000 124,000

A: Ratio analysis is a technique to know the liquidity, profitability and operational efficiency of the…

Q: Cost of Goods Sold Gross Operating Expenses Net Sales Net Profit ($) Margin ($) $336,500 $132,200 $…

A: Formula: Gross margin = Net sales - Cost of goods sold

Q: Sales revenue $200,000 Cost of goods sold 119,000 Gross profit 81,000 Operating expenses (includes…

A: The cash flow statement shows the inflow and outflow of cash due to the operating, investing, and…

Q: Sales $24,350,735 Cost of goods sold 15,300,000 Gross margin $9,050,735 Operating expenses 4,910,685…

A: Times Interest Earned Ratio or TIE, measures the firm's ability to meet its debt obligations on a…

Q: 9. Sales Purchases P3,348,000 2,150,000 70,000 95,000 185,000 202,000 78,000 56,000 44,000 35,000…

A: Income Statement - This statement shows the income earned and loss incurred by the organization in…

Q: Calculate the Sales from the information given: Cost of goods sold is $38,000 Net income is $14,625…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Other Operating Sales Revenue Cost of Goods Sold Gross Profit Net Income Expenses Firm $125,000 $…

A: Income statement is prepared by the business organization so as to know how much amount of Gross…

Q: Net sales 74,000 90,000 Cost of goods sold 51,800 Gross profit 28,800 Operating expenses 13,320 Net…

A: Formula: Gross profit = Net sales - Cost of goods sold

Q: SERVICE REMENUE Sales revenue, net Cost of goods sold Gross profit $ 281,000 120,000 161,000…

A: Net profit margin = Net profit / Revenue

Q: Cost of Goods Sold Gross Profit (Loss) Sales Ending Net Sales Beg Inventory Purchases Inventory Net…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: What is total operating expenses? Sales Returns and Allowances $40,000 Depreciation Expense $30,000…

A: SOLUTION OPERATING EXPENSE COMPANY INCLUDES RENT , PAYROLL , TRAVEL , UTILITIES , INSURANCE ,…

Q: Cost of Gross Goods Sold Sales Profit Ending Sales Inventory Purchases Inventory Net Beg Net Sales…

A: As requested to solve only 4th part so we are answering only fourth part.

Q: Cost of goods sold: Chocss) 199 865,000 $58,400 Ending inventory: 11.2% $34,000 Operating income:…

A: Accounting system defines various formulas to calculate and reconcile the figures recorded in the…

Q: Sales revenue Cost of goods sold Salaries and wages expense Depreciation expense 120,000 $ 60,000…

A: Introduction: Gross profit : Deduction of Cost of goods sold from Sales revenue derives the Gross…

Q: Complete the income statement table below Sales $15,000 Gross income Cost of goods sold Operating…

A: Lets understand the basics. Income statement is a statement prepare which contains the sources of…

Q: Sales 460,000 Cost of goods sold 300,000 Operating expenses 85,000 Sales discounts 20,000 Sales…

A: Solution: Net sales = Sales - Sales discounts - sales return and allowances = 460000 - 20000 - 15000…

Q: Sales Ending Goods Sold Net Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss)…

A: Net sales = Sales -  Sales Return  Net purchases = Purchases - Purchase Return  Cost of goods sold =…

Q: Overcharge Card reports that following amounts: Sales = $3,000,000; Cost of Goods Sold = $1,200,000;…

A: Operating Income = Sales - Cost of goods sold - depreciation - administrative expenses - marketing…

Q: Sales Revenue 496,625 Cost of Goods Sold 207,400 Bad Debt Expense 4,900 Rent Expense 20,000 Interest…

A: Formula: Net income = Total revenues - Total expenses

Q: SERVICE REVENUE $ 281,000 120,000 161,000 Sales revenue, net Cost of goods sold Gross profit…

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: Cost of Gross Goods Sold Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns…

A: Formula: Net sales = Sales - Sales returns

Q: Fixed Cost of Goods Sold Gross Profit Variable Operating Expenses Fixed Operating Expenses Operating…

A: The net cash flow to the firm: The cash flows to a firm represent the excess of cash available at…

Q: Sales Revenue 275,000.00 Cost of Goods Sold Accounts Payable 100,000.00 7,500.00 9,000.00 Inventory…

A: The cash flow statement shows the company's cash inflow and cash outflow during the period. It…

Q: ales $910,000 oss on sale of equipment $8,000 Cost of goods sold $495,000 Operating expense $175,000…

A: Solution: Net sales is the sales reduced by sales returns and allowances. Operating income is…