Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All the infomation is there. Please see the info below the question! INSTRUCTIONS: Complete the Statement in proper form Revenue will be provided in an

image text in transcribed
image text in transcribed
All the infomation is there. Please see the info below the question!
INSTRUCTIONS: Complete the Statement in proper form Revenue will be provided in an Announcement at the end of Module 4 (based on actual number of services for your pricing levels) Additional Information necessary to complete the Income Statement: General & Administrative Salaries paid = $1,200 Advertising = $100 Cleaning Products = $120 Depreciation = $83 Rent = $650 Loan = $420 Utilities & Insurance = $600 XYZ Corporation Income Statement For the Month Ended January 31, xox Revenue: Grooming Day Care Boarding Tota Revenue Cost of Services Gross Profit Expenses: G&A Salaries Advertising Cleaning Products Depreciation Rent Loan Utilities and Insurance Total Expenses Net Income / Loss * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain In order to complete Milestone Three, you will need the following income statement revenue information. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two. Income for January-actual activity based on price levels: For example, if you chose a grooming price of $25 per groom, the actual grooms in January were 4 per day assuming a 30-day month. If you chose... Grooming price $25 Grooming price $30 Grooming price $35 Daycare price $18 Daycare price $20 Daycare price $25 Kennel price $25 Kennel price $28 Kennel price $30 The actual # of grooms/daycare/kennel 4 grooms per day 3 grooms per day 2 grooms per day 22 dogs per day 12 dogs per day 9 dogs per day 12 dogs per day 9 dogs per day 6 dogs per day INSTRUCTIONS: Complete the Statement in proper form Revenue will be provided in an Announcement at the end of Module 4 (based on actual number of services for your pricing levels) Additional Information necessary to complete the Income Statement: General & Administrative Salaries paid = $1,200 Advertising = $100 Cleaning Products = $120 Depreciation = $83 Rent = $650 Loan = $420 Utilities & Insurance = $600 XYZ Corporation Income Statement For the Month Ended January 31, xox Revenue: Grooming Day Care Boarding Tota Revenue Cost of Services Gross Profit Expenses: G&A Salaries Advertising Cleaning Products Depreciation Rent Loan Utilities and Insurance Total Expenses Net Income / Loss * Cost of Goods Sold = Cost of Services There is no finished goods inventory to maintain In order to complete Milestone Three, you will need the following income statement revenue information. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two. Income for January-actual activity based on price levels: For example, if you chose a grooming price of $25 per groom, the actual grooms in January were 4 per day assuming a 30-day month. If you chose... Grooming price $25 Grooming price $30 Grooming price $35 Daycare price $18 Daycare price $20 Daycare price $25 Kennel price $25 Kennel price $28 Kennel price $30 The actual # of grooms/daycare/kennel 4 grooms per day 3 grooms per day 2 grooms per day 22 dogs per day 12 dogs per day 9 dogs per day 12 dogs per day 9 dogs per day 6 dogs per day

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jill Collis

1st Edition

1137335882, 978-1137335883

More Books

Students also viewed these Accounting questions

Question

How effective have these groups been in the past?

Answered: 1 week ago

Question

What are their reputations?

Answered: 1 week ago

Question

How serious a response is warranted to this situation?

Answered: 1 week ago