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ABC Company, LLC Income Statement For the Year Ended December 31, 2016 (Actual Dollars) SALES 3,315,938...
ABC Company, LLC Income Statement For the Year Ended December 31, 2016 (Actual Dollars) SALES $...
ABC Company, LLC Income Statement For the Year Ended December 31, 2016 (Actual Dollars) SALES $ 3,315,938 COST OF SALES GROSS PROFIT 640,652 OPERATING EXPENSES: Advertising Auto and Truck Expenses Bank Service Charges Credit Card Fees Depreciation Insurance Legal and Accounting Miscellaneous Payroll Taxes Rent Repairs and Maintenance Supplies Travel Utilities Wages Total Operating Expenses 5.264 3,686 3,158 16.621 8.436 24,511 15.943 10.963 29,931 36,000 34,370 35,748 7,071 28.338 199.537 $ OPERATING INCOME (LOSS) INTEREST EXPENSE 6,237 NET INCOME BEFORE...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross sales $ 19,000 $ 15,000 Sales returns and allowances 1,000 100 Net sales $ 18,000 $ 14,900 Cost of merchandise (goods) sold 12,000 9,000 Gross profit $ 6,000 $ 5,900 Operating expenses: Depreciation $ 700 $ 600 Selling and administrative 2,200 2,000 Research 550 500 Miscellaneous 360 300 Total operating expenses $ 3,810 $ 3,400 Income before interest and taxes $ 2,190 $ 2,500...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross sales $ 19...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross sales $ 19,200 $ 15,150 Sales returns and allowances 900 100 Net sales $ 18,300 $ 15,050 Cost of merchandise (goods) sold 11,950 8,950 Gross profit $ 6,350 $ 6,100 Operating expenses: Depreciation $ 720 $ 610 Selling and administrative 2,350 2,100 Research 570 510 Miscellaneous 380 310 Total operating expenses $ 4,020 $ 3,530 Income before interest and taxes $ 2,330 $ 2,570...
Frame Gallery, LLC Income Statement For the year ended December 31, 203x Merchandise Sales 5500,000 Cost...
Frame Gallery, LLC Income Statement For the year ended December 31, 203x Merchandise Sales 5500,000 Cost of Goods Sold $255.000 Gross Profit $245,000 Wage Expense 5140,000 Rent Expense 545,000 General and Administrative $45.000 Total Expenses $230,000 Earnings Before Interest Taxes (EBIT $15.000 Interest $5.000 Income before tax $10,000 Tax ( 25% rate) $2.500 Net Income/(Loss) 37,500 Frame Gallery, LLC Statement of Owner's Equity For the year ended December 31, 2020 Beginning Capital Owner Contributions $5,000 Income (Loss) 57,500 512,500 Owner...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales 2875.0...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales 2875.0 2500.0 Operating costs excluding 2372.0 2125.0 depreciation Depreciation and amortization 69.0 55.0 Earnings before interest and taxes 434.0 320.0 Less: Interest 62.0. 54.0 Pre-tax income 372.0 266.0 Taxes (40%). 148.8 106.4 Net Income available to common 223.2 159.6 stockholders Common dividends 201.0. 128.0 Rhodes Corporation Balance Sheet as of December 31 (Millions of Dollars) Assets Cash 40.0 35.0 Short-Term investments 15.0. 13.0 Accounts Receivable...
METRO TRACk COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016...
METRO TRACk COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales $57,534 $42,542 Cost of goods sold 16,870 13,669 Gross profit 40,664 28,873 Operating expenses 24,093 19,241 Operating income 16,571 9,632 Other expenses/revenues: Interest revenue 240 194 Interest expense (196 ) (172 ) Total other (expenses)/revenues (44 ) (22 ) Income before income taxes 16,615 9,610 Income taxes (34%) 5,649 3,267 Net income $10,966 $ 6,343 METRO TRACK COMPANY Comparative Balance Sheets December 31,...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,401 132,608 Gross profit 155, 118 110,174 74,592 Selling expenses 55,344 41,203 27, 350 Administrative expenses 35,077 26,275 | 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,044 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017,...
Question 1 Income Statement Paper and Board Berhad For the Year Ended December 31, 2016 RM...
Question 1 Income Statement Paper and Board Berhad For the Year Ended December 31, 2016 RM Sales 2,080,976 (-) Cost of Goods Sold 1,701,000 Gross Profits 379,976 (-) Operating Expenses 273,846 Operating Profits 106,130 (-) Interest 19,296 Net Profit before taxes 86,834 (-) Taxes 34,734 Net Profit after taxes 52,100 Balance Sheet Paper and Board Berhad December 31, 2016 Assets Cash Accounts receivable Inventories Total Current Assets Gross fixed assets (-) Accumulated Depreciation Net Fixed Assets Total Assets RM 95,000...
METRO TRACk COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016...
METRO TRACk COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales $57,534 $42,542 Cost of goods sold 16,870 13,669 Gross profit 40,664 28,873 Operating expenses 24,093 19,241 Operating income 16,571 9,632 Other expenses/revenues: Interest revenue 240 194 Interest expense (196 ) (172 ) Total other (expenses)/revenues (44 ) (22 ) Income before income taxes 16,615 9,610 Income taxes (34%) 5,649 3,267 Net income $10,966 $ 6,343 METRO TRACK COMPANY Comparative Balance Sheets December 31,...
ABC Company, LLC Income Statement For the Year Ended December 31, 2016 (Actual Dollars) SALES $ 3,315,938 COST OF SALES GROSS PROFIT 640,652 OPERATING EXPENSES: Advertising Auto and Truck Expenses Bank Service Charges Credit Card Fees Depreciation Insurance Legal and Accounting Miscellaneous Payroll Taxes Rent Repairs and Maintenance Supplies Travel Utilities Wages Total Operating Expenses 5.264 3,686 3,158 16.621 8.436 24,511 15.943 10.963 29,931 36,000 34,370 35,748 7,071 28.338 199.537 $ OPERATING INCOME (LOSS) INTEREST EXPENSE 6,237 NET INCOME BEFORE...
Frame Gallery, LLC Income Statement For the year ended December 31, 203x Merchandise Sales 5500,000 Cost of Goods Sold $255.000 Gross Profit $245,000 Wage Expense 5140,000 Rent Expense 545,000 General and Administrative $45.000 Total Expenses $230,000 Earnings Before Interest Taxes (EBIT $15.000 Interest $5.000 Income before tax $10,000 Tax ( 25% rate) $2.500 Net Income/(Loss) 37,500 Frame Gallery, LLC Statement of Owner's Equity For the year ended December 31, 2020 Beginning Capital Owner Contributions $5,000 Income (Loss) 57,500 512,500 Owner...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,401 132,608 Gross profit 155, 118 110,174 74,592 Selling expenses 55,344 41,203 27, 350 Administrative expenses 35,077 26,275 | 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,044 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017,...
Question 1 Income Statement Paper and Board Berhad For the Year Ended December 31, 2016 RM Sales 2,080,976 (-) Cost of Goods Sold 1,701,000 Gross Profits 379,976 (-) Operating Expenses 273,846 Operating Profits 106,130 (-) Interest 19,296 Net Profit before taxes 86,834 (-) Taxes 34,734 Net Profit after taxes 52,100 Balance Sheet Paper and Board Berhad December 31, 2016 Assets Cash Accounts receivable Inventories Total Current Assets Gross fixed assets (-) Accumulated Depreciation Net Fixed Assets Total Assets RM 95,000...
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