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Can you help me fill out the remaining 2 sections? I've tried eveyrthing i cant figure it out. Thank you Morrisey & Brown, Ltd., of
Can you help me fill out the remaining 2 sections? I've tried eveyrthing i cant figure it out. Thank you
Morrisey & Brown, Ltd., of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow Morrisey & Brown, Ltd Income Statements For the Three Months Ended September 30 August 4,000 $400,000 240,000 160,000 September 5,000 450,000 $ 500,000 300,000 200,000 4,500 Sales in units Sales Cost of goods sold Gross margin Selling and administrative expenses: 270,000 180,000 Advertising expense Shipping expense Salaries and commissions Insurance expense Depreciation expense 21,000 34,000 78,000 6,000 15,000 154,000 21,000 38,000 90,000 6,000 15,000 170,000 $ 6,000 $18,000 30,000 21,000 36,000 84,000 6,000 15,000 162,000 Total selling and administrative expenses Net operating incomeStep by Step Solution
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