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what is the best course 1 Net sales ? sales -(sales discount + sales Returns ) Valas - 12, 000, 100 Salles discount - 120,
what is the best course
1 Net sales ? sales -(sales discount + sales Returns ) Valas - 12, 000, 100 Salles discount - 120, 000 Sales Return - 105, 000 12, 000, 000 . 10) 0 121 000, 000 225, 000 120, 000 105,000 + 117 75, 000 Net valar = 117 75,000 2 25 000 las of goods sold Add : Purchase - 8, 500, 000 Freight In Leds : purchase Returns 60, 000 85, DOO Purchace Discount 42, 000 10 2 000 8085, 000 102, 000 Total Good available for sale -+ 8483,00 0 Cost of goods sold = ? total Goods AVAIL for sale 8 987, 000 LEN : Ending Inventory- 1850, 000 3) Not sales ? ( GROSS Profit. ) Net days 66 3 3, 00 0 7 (65 = Loss : cols 11375 , DOO 6 633, 000 51 42, 000 - GROSS PROFIT 4 operating Expense . Salaries Exp 720, 000 5 Operating Income . " . kent axe 120, 000 GROSS PROFIT-(GaneRal and Adm. + . UHIUHIEs EXP 600, 000 selling EXP ) . Deprecation exp - 90,000 GROW P = 5142, 000 Gen & Adm = 1332,000 Selling Exp = 198, 000 7 1530, 000 Operating = 415BO, 000 0= OPERATING Income 3612 1 000 Income16 1000 DATE: 8.) SELLING SALARIES SALARIES EXPENSE EXPENSE EXPENSE ( - 15%) (UTILITIES UTILITIES ( - 107. ) ) + EXPENSE - EXPENSE ( 148,000) 920,000) - (612, 00 0) + 1(600,060)-(540,600) ]+ ," DEPRECIATION EXPENSE FOR THE OFFICE EQUIPMENT (30,000 ) TOTAL INCOME BEFORE TAX = NET SALE - COGS - OPERATING EXPENSE ( 3 , 612, 060 ) = ( 11, 775, 000) - ( 6, 633, 000) - (1, 530, 060) -342 (003, 201) - 609,000,13 300 257, to- NET INCOME = NET SALES - LOGS - OPERATING - INCOME TAX EXPERISE EXPENSE ( 3 , 5 02, 0 0 0. ) = ( 11,77 5 60 0 ) = ( 6, 633, 00 0)- (1, 530, 600)-(/10,600) 37 2003- 14. (400, 042, 1 ) - 090, 181, 2 - 1930 12,2Step by Step Solution
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