ACCOUNTING 2023 Business Finance
2023 Financial information is presented below for three different companies Determine the missing amounts Allen Cosmetics Bast Grocery Corr Wholesalers Sales
Financial information is presented below for three different companies.
Determine the missing amounts.
|
Allen Cosmetics
|
Bast Grocery
|
Corr Wholesalers
|
|||||||
| Sales revenue | $90,000 |
$
 [removed] |
(e)
|
$122,000 | |||||
| Sales returns and allowances |
[removed] |
(a)
|
5,000 | 12,000 | |||||
| Net sales | 86,000 | 95,000 |
[removed] |
(i)
|
|||||
| Cost of goods sold | 56,000 |
[removed] |
(f)
|
[removed] |
(j)
|
||||
| Gross profit |
[removed] |
(b)
|
38,000 | 24,000 | |||||
| Operating expenses | 15,000 |
[removed] |
(g)
|
18,000 | |||||
| Income from operations |
[removed] |
(c)
|
[removed] |
(h)
|
[removed] |
(k)
|
|||
| Other expenses and losses | 4,000 | 7,000 |
[removed] |
(l)
|
|||||
| Net income |
[removed] |
(d)
|
11,000 | 5,000 | |||||
We give our students 100% satisfaction for their assignment, which is one of the most important reasons students prefer us from other helpers. Our professional group and planners have more than ten years of rich experience. The only reason that our inception days, we have helped more than 100000 students with their assignments successfully. Our expert’s group have more than 2200 professionals of different topics, and that not all; we get more than 300 jobs every day more than 90% of the assignment get the conversion for payment.
Place Order Now