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this is rhe question... and this is the example they gave me. can u help me wirh this income statement? More Practice or Homework Problem
this is rhe question... and this is the example they gave me. can u help me wirh this income statement? More Practice or Homework Problem - Toy Store Revenue Quantity of toys sold Average sale price of toys Purchase Price from Toy Supplier Selling Expenses: 5,000 toys sold $40 per toy 60% of selling price 8,000 per month $5 per toy sold $3,000 per month, plus $2,000 per month $600 per month Rent Complimentary Shipping to customers Sales Salaries + commissions Advertising Depreciation on department laptops Administrative Expenses: Depreciation on office equipment Offsite billing department 10% of sales $800 per month $1,000 per month, plus $6,000 per month 20% of administrative salaries $1 per toy sold Administrative salaries Employee benefits Toy Store Traditional Income Statement For the month ended December 31 (see page 8 for example) Comprehensive Practice Jewelry 4 U makes necklaces in their retail store. Prepare a traditional income statement based on this data: Revenue Quantity of necklaces sold Average sale price of necklace Cost of Goods Sold Selling Expenses: Advertising Sales salaries and commissions Delivery of necklaces to customers Store Rent Depreciation of sales equipment Administrative Expenses: Office salaries 400 necklaces sold 50 per necklace 11 per necklace 1,500 per month 900 per month, plus 4%% of sales per necklace 900 per month 8 600 per month $ 4,000 per month 600 Employee benefits Clerical Depreciation of office equipment per month 800 per month, plus $6 900 per month per necklace Jewelry 4 U Traditional Income Statement For the month ended December 31 400y So Sales 20,000 CHe400 15,600 Cost of goods sold Gross profit Selling expenses (1500) (SI700 73,000 900 000 Advertising Sales salaries + commissions qou +soo Delivery of necklaces uoo x8 Store Rent Depreciation of sales equipment Total selling expenses Administrative expenses: 4.000 la00 3a00 Office salaries Employee benefits Clerical Depreciation on office equip. Total administrative expenses Total operating expenses Operating income Cl6.600 Chapter 6 Lecture - Page 8
this is rhe question...
and this is the example they gave me.
can u help me wirh this income statement?
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