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I need help answering the bottom portion of the questions. I am having a hard time with this. Can you please assist me with this?
I need help answering the bottom portion of the questions. I am having a hard time with this. Can you please assist me with this? Thank you
Sales | $12,011 | $12,012 | $12,013 | $12,014 | |||||||
Cost of goods sold | 3,011 | 3,012 | 3,013 | 3,014 | |||||||
Gross margin | $9,000 | $9,000 | $9,000 | $9,000 | |||||||
Other expenses | $6,201 | $6,201 | $6,201 | $6,201 | |||||||
Profit before taxes | 2,799 | 2,799 | 2,799 | 2,799 | |||||||
Tax Expense | 1,120 | 1,120 | 1,120 | 1,120 | |||||||
Net Income | $1,679 | $1,680 | $1,681 | $1,682 | |||||||
In the space below, please describe the basic accounting equation you applied in making your calculations | |||||||||||
Year 1 Gross margin | |||||||||||
Year 1 Tax Expense | |||||||||||
Year 2 Sales | |||||||||||
Year 2 Profit before taxes | |||||||||||
Year 3 Cost of goods sold | |||||||||||
Year 3 Other expenses | |||||||||||
Year 4 Cost of goods sold | |||||||||||
Year 4 Gross Margin | |||||||||||
Year 4 Other expenses | |||||||||||
Year 4 Profit before taxes | |||||||||||
Year 4 Tax Expense | |||||||||||
Year 4 Net Income |
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