Question
Revenue: $1, 5000.80 Total Cost: $886, 679.40 Labor Cost: $780, 079.40 Cost of Sales: $ 743, 479. 00 Beginning Inventory: $6, 376 Depreciation: $1, 2975
Revenue: $1, 5000.80
Total Cost: $886, 679.40
Labor Cost: $780, 079.40
Cost of Sales: $ 743, 479. 00
Beginning Inventory: $6, 376
Depreciation: $1, 2975
Interest Rate: 6%
Tax Rate: 34% Dividends:
Dividends: No dividends paid.
Retained Earnings: 0 (new business)
Accounting Expenses: $133, 500
R & D: $ 36, 000
Total Capital Equipment: $55, 454.99
Based on the aforementioned information, calculate the following:
Gross Profit
Cost of Sales
Operating Expenses
Income from Operations
Other Income (Expenses)
Net Income
Deficit
Retained Earnings
Which of the following cannot be answered (if any) without more information? Explain why? What information would you need to complete a statement of cash flow?
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