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You receive the following income statement for the first 3 months of the year. Explain in marketing terms any positives or negatives that you garner
You receive the following income statement for the first 3 months of the year. Explain in marketing terms any positives or negatives that you garner from this income statement.
55,000 (26,000) 29,000 Wendy's Wholesale Income Statement January 1 - March 31 $ Revenue (Sales) Stock at March 31 34,000 Purchases 12,000 SUB TOTAL 46,000 Less Stock at January 1 (20,000) Costs to deduct from Revenue GROSS PROFIT Less Overheads: Wages 8,000 Rent 1,500 Electricity 700 Insurance 500 Distribution 800 Other Expenses 1,800 Reserve for Bad Debts 2.750 Depreciation 200 Less Total Overheads NET PROFIT Before Tax (16,250) 12,750Step by Step Solution
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