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Can you help me understand how to find sales, gross profit, and net income (loss) please? Thank you! Analyzing Operational Changes Operating results for department
Can you help me understand how to find sales, gross profit, and net income (loss) please? Thank you!
Analyzing Operational Changes Operating results for department B of Shaw Company during 2016 are as follows: Sales $795,000 Cost of goods sold 480,000 Gross profit 315,000 Direct expenses 215,000 Common expenses 123,000 Total expenses 338,000 Net loss $(23,000) Suppose that department B could increase physical volume of product sold by 10% if it spent an additional $45,000 on advertising while leaving selling prices unchanged. What effect would this have on the department's net income or net loss? (Ignore income tax in your calculations.) Use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. Sales $ 79,500 x Cost of goods sold 528,000 Gross profit Direct expenses 260,000 Common expenses 123,000 Total expenses 383,000 Net income (loss) $ OXStep by Step Solution
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