Lismari Dávila Ortiz asig. 1

Lismari Dávila Ortiz asig. 1 - Lismari Dvila Ortiz...

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Lismari Dávila Ortiz Asignación #1: Capitulo 4 Respuestas: E4-3 Cálculos Administrative Expenses are 18% of COGS (COGS)$500,000 * .18 = $90,000 $90,000 = 8% Gross sales $90,000 / .08 = Gross sales $7,200 = Gross sales Sales $7,200 Less sales discount 17,000 Net sales (9,800) $90,000 Administrative exp. $90,000 / .18 = Operating exp. $16,200 = Total operating exp. Dunbar Inc. Income Statement For the Year Ended December 31, 2012 Net sales $(9,800) COGS 500,000 Gross profit 509,800 Selling Exp. ($500,000-$90,000) $410,000 Administrative exp. 90,000 Income from operating 500,000 Interest exp. 20,000 Income before income taxes 480,000 Income tax (480,000) (.30) 144,000 Net income $336,000 E4-8
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Brokaw Corp. Income Statement For the Year Ended December 31, 2012 Sales Revenue Net sales $ 1,200,000 COGS 780,000 Gross profit 420,000 Operating Expenses Selling expenses $ 65,000 Administrative 48,000 113,000 Income from operating 307,000 Other Revenues and Gains Dividends revenue 20,000 Interest revenue
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Lismari Dávila Ortiz asig. 1 - Lismari Dvila Ortiz...

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