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We are being asked to compute percent of sales of revenue and expenses. Same with variances. Example what percent of revenue is sales? Same with
We are being asked to compute percent of sales of revenue and expenses. Same with variances. Example what percent of revenue is sales? Same with expenses and variance.
Income Statement | ||
For the month ended April 30 | ||
$ | $ | |
Landscaping services Revenue | 28,200 | |
Less: Expenses | ||
Rent Expenses | 2,500 | |
Utility Expenses | 700 | |
Dividends | 3,000 | |
Insurance Expenses | 300 | |
Lansdscaping Supplies Expenses | 450 | |
Advertising Expenses | 500 | |
Total Expenses | 7,450 | |
Net Income | 20,750 | |
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