Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Income Statement for last quarter of 2017 AED Sales Revenues 13,840,000.0 minus COGS 11,056,000.0 Gross margin 2,784,000.0 Admin expenses 530,000.0 Shipping expenses 465,300.0 Sales commission
Income Statement for last quarter of 2017 | ||
AED | ||
Sales Revenues | 13,840,000.0 | |
minus COGS | 11,056,000.0 | |
Gross margin | 2,784,000.0 | |
Admin expenses | 530,000.0 | |
Shipping expenses | 465,300.0 | |
Sales commission (3% of sales) | 415,200.0 | |
Financial expenses | 44,000.0 | 1,454,500.0 |
Net Profit | 1,329,500.0 |
The number of units (containers) sold and sales volume of the three products were as follows:
AG | AGL | AGSL | Total | |
Actual sales (units) | 30,794 | 44,288 | 36,503 | 111,585 |
Actual sales (AED) | 2,463,520.0 | 5,536,000.0 | 5,840,480.0 | 13,840,000.0 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started