Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Would like to know if what I have filled in is correct? And need help in finding costs of goods sold and gross profit. Also,

image text in transcribed

Would like to know if what I have filled in is correct? And need help in finding costs of goods sold and gross profit. Also, Net Income /Loss. Thank you.

A B INSTRUCTIONS: Complete the statement in proper form. Revenue will be provided in an announcement at the end of Module 4 9 10 (based on actual number of services for your pricing levels) Additional information necessary to complete the income statement: 12 13 14 15 16 17 $1,200 General and Administrative Salaries paid Advertising $100 Cleaning Products $120 Depreciation $83 Rent $650 Loan $420 Utilities and Insurance n $600 18 19 20 21 Desert Dog Care Income Statement 31-Jan-18 23 24 25 26 28 29 30 31 Revenue: Grooming Day Care Boarding 2.200 9.000 Total Revenue Gross Profit Expenses 18,900 Cost of Goods Sold * 34 35 36 37 38 39 40 41 G&A Salaries Advertising Cleaning Products 100 120 83 650 42 Rent Loan Utilities and Insurance 43 Total Expenses 47 48 49 Net income Loss 44PHVariable Fixed Instructions Milestone 2Contribution Margin Analysis Break Ready

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

Financial Holding Company Audit Compliance And Risk Management

Authors: Anthony Ludovic Assassa

1st Edition

6206122727, 978-6206122722

More Books

Students also viewed these Accounting questions