Question
analize both finantial statment Auto Wash Bot Ltd. Income Statement For the Year Ended December 31, 2015 Revenue $375,000 Cost of Goods Sold 86,250 Gross
analize both finantial statment
Auto Wash Bot Ltd.
Income Statement
For the Year Ended December 31, 2015
Revenue | $375,000 |
Cost of Goods Sold | 86,250 |
Gross Profit | 288,750 |
Other Expenses |
|
Advertising | 35,400 |
Office Expense | 22,750 |
Research | 195,000 |
Wages and Salaries | 40,000 |
Total Other Expenses | 293,150 |
Income Before Taxes | (4,400) |
Income Tax | 0 |
Net Income | $(4,400) |
Popeyes Muscle Wash Ltd
Income Statement
For the Year Ended December 31, 2015
Revenue | $375,000 |
Cost of Goods Sold | 163,125 |
Gross Profit | 211,875 |
Other Expenses |
|
Advertising | 5,200 |
Office Expense | 17,400 |
Repairs and Maintenance | 85,000 |
Wages and Salaries | 50,000 |
Total Other Expenses | 157,600 |
Income Before Taxes | 54,275 |
Income Tax* | 8,413 |
Net Income | $45,862
|
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