Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to construct income statement for the company. Quantity of sales $100,000 Price per unit $2 Cost of one unit $1.1 Total

Use the following information to construct income statement for the company.
Quantity of sales $100,000
Price per unit $2
Cost of one unit $1.1
Total Sales Expenses $25,000
Total Rent and Utilities $5,000
Total Marketing Expenses $4,000
Other expenses $6,000
Interest Expenses $10,000 Equity $175,000
Tax expenses $10,000
what is the:
cost of goods sold
net income
sales(revenue)
total other expenses
EBIT
internet expenses
tax expenses

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

The Budget Building Book For Nonprofits

Authors: Murray Dropkin, Jim Halpin, Bill La Touche

2nd Edition

0787996033, 978-0787996031

More Books

Students also viewed these Finance questions

Question

4. All members read their instructions.

Answered: 1 week ago

Question

a. Describe the encounter. What made it intercultural?

Answered: 1 week ago