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Acme sporting goods averaged sales of $296,000 per month in the year 2016 For the year, COGS was 60% Ten full-time employees were paid an
Acme sporting goods averaged sales of $296,000 per month in the year 2016
For the year, COGS was 60%
Ten full-time employees were paid an average of $45,000
10 part time employees were paid $15 hour. Each worked an average of 22 hours per week
Owner/mgr was paid a salary of $50,000
Taxes and benefits were 25% of payroll
Rent was $5,000 per month
Advertising costs were $175,000
Utilities were $55,000
Accounting and legal fees were $45,000
Construct the income statement, include % column
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