Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please make me an income statement of these following products and items in link provided. based here on google docs: (https://docs.google.com/document/d/16_3IdwFj6CI13kAbb55CHZmVyrqttFwE-HJxdzWCiVM/edit?usp=sharing) Note: Please make it

image text in transcribed

Please make me an income statement of these following products and items in link provided.

based here on google docs:

(https://docs.google.com/document/d/16_3IdwFj6CI13kAbb55CHZmVyrqttFwE-HJxdzWCiVM/edit?usp=sharing)

Note: Please make it a Philippine peso. You can make up your own prices.

Here is the format of the income statement. Please follow it

image text in transcribed
Income Statement January 2022 - December 2022 Net Sales: Less: Cost of Goods Sold: Gross Income: Operating Expenses: Labor: Utilities: Insurance: Sales Promotion: Delivery and Transportation: Miscellaneous: Total Expenses: Net Income Before Taxes Less: Income Taxes Net Income After Taxes Assumptions: Example of assumptions. 1. Cost of goods sold includes ingredients, packaging materials, labels, and co packing expenses for canned products. 2. No salary will be drawn by the owners/managers in the second year. All profits will be re-invested for new market entry and increased production

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

Human Rights Between Law And Politics

Authors: Petr Agha

1st Edition

1509935738, 978-1509935734

More Books

Students also viewed these Law questions

Question

1. Too understand personal motivation.

Answered: 1 week ago