Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i have onely one chance left i need help only with last 2 ASAP Question 21 of 24 7.5/15 View Policies Show Attempt History Current

i have onely one chance left i need help only with last 2 ASAP image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 21 of 24 7.5/15 View Policies Show Attempt History Current Attempt in Progress Presented below is information for Carla Vista Company for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $277.000 6,300 11,600 42,000 Rent expense Sales discounts Sales returns and allowances Sales revenue $31,000 5,300 12,000 420,000 Your answer is correct Prepare a multiple-step income statement. CARLA VISTA COMPANY Income Statement For the Month Ended January 31, 2022 o arch Question 21 of 24 7.5/15 Your answer is correct. Prepare a multiple-step income statement. CARLA VISTA COMPANY Income Statement For the Month Ended January 31, 2022 v Sales Sales Revenue 420.000 Sales Returns and Allowances 12000 1 Sales Discounts 5300 i 17300 i Net Sales 402700 8 Search 5 Question 21 of 24 7.5/15 E Cost of Goods Sold 277000 Gross Profit 125700 Operating Expenses Freight-Out 6300 i Insurance Expense 11600 i Salaries and Wages Expense 42000 Rent Expense 31.000 i Total Operating Expenses 90.900 Net Income /(Loss) 34,800 e Textbook and Media List of Accounts arch o 92 Exam #2 wit c Question 21 of 24 7.5/15 e Textbook and Media List of Accounts * Your answer is incorrect. Calculate the profit margin and the gross profit rate. (Round answers to 2 decimal places, es. 15.25.) Profit margin 8.6496 Gross profit rate 31.21% eTextbook and Media List of Accounts 0 ca to search C

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

Ebook Principles Of Financial Accounting

Authors: John Wild, Ken Shaw, Barbara Chiappetta

2nd Edition

0077166183, 9780077166182

More Books

Students also viewed these Accounting questions