Income Statement

Income Statement - Income Statement Your Company, Inc. For...

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© Copyright, 2006, Jaxworks, All Rights Reserved. Income Statement Your Company, Inc. For Period Ending June 30, 2006 (all numbers in $000) Current Month Year to Date Amount % of Sales Amount % of Sales REVENUE Gross Sales $500 $2,500 Less sales returns and allowances 200 500 Net Sales $300 100% $2,000 100% COST OF SALES Beginning inventory $350 117% $240 12% Plus goods purchased / manufactured 120 40% 900 45% Total Goods Available $470 157% $1,140 57% Less ending inventory 360 120% 360 18% Total Cost of Goods Sold $110 37% $780 39% Gross Profit (Loss) $190 63% $1,220 61% OPERATING EXPENSES Selling Salaries and wages $35 12% $130 7% Commissions 12 4% 80 4% Advertising 10 3% 60 3% Depreciation 14 5% 120 6% Other 5 2% 30 2% Total Selling Expenses $76 25% $420 21% General/Administrative Salaries and wages $12 4% $130 7% Employee benefits 3 1% 31 2% Payroll taxes 2 1% 23 1% Insurance 2 1% 1 0% Rent 12 4% 23 1% Utilities 2 1% 30 2% 1 0% 16 1% Office supplies 1 0%
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Income Statement - Income Statement Your Company, Inc. For...

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