100-8 - www.qualitymarketing.com Division A Income...

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Unformatted text preview: www.qualitymarketing.com Division A Income Statement Division B Income Statement Division C Incom Summary Incom 2005 Report Employee Information me Statement me Statement Profit Statement Division A Revenue $250,000 Cost of Goods Sold $162,500 Margin $87,500 Administrative Expenses $37,500 Interest $5,000 Income Before Taxes $45,000 Taxes $15,750 Net Income $29,250 Profit Statement Division B Revenue $105,000 Cost of Goods Sold $63,000 Margin $42,000 Administrative Expenses $10,500 Interest $3,500 Income Before Taxes $28,000 Taxes $8,400 Net Income $19,600 Profit Statement Division C Revenue $400,000 Cost of Goods Sold $280,000 Margin $120,000 Administrative Expenses $80,000 Interest $7,000 Income Before Taxes $33,000 Taxes $13,200 Net Income $19,800 Summary Statement Income Tax Table June 4, 2005 Division A Division B Division C Tax Rate: Revenue $250,000 $105,000 $400,000 Income 2003 Cost of Goods Sold $162,500 $63,000 $280,000 $0 15% Margin $87,500 $42,000 $120,000 $10,000 20% Administrative Expenses...
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100-8 - www.qualitymarketing.com Division A Income...

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