(b) What is the net operating income now?
Net operating income is the income we earned after deducting operating expenses i.e cost of goods sold and selling and admin expenses
Net operating income is used to know the business profitability
Net operating income = Sales-Cost of goods sold-adminstration and selling overheads (Both variable and fixed)
78105-36830-(3683+2500)-(3429+1500) = $30163
(b) What is the net operating income now? 1 Chapter 2: Applying Excel $78,105 3 Data...
1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 2-9 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses $12,000 $6,000 $600 $400 $2,500 $1,500 S 12,000 6,000...
4 в 1 Chapter 2: Applying Excel $66,000 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 Fixed selling 11 Fixed administrative 12 $37,000 $3,700 $3,500 $2,500 $1,500 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net operating income (c) What is the...
Chapter 2: Applying Excel Data Sales $12,000 Variable costs: Cost of goods sold Variable selling $6,000 $600 $400 Variable administrative Fixed costs: Fixed selling $2,500 $1,500 Fixed administrative Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin...
Chapter 1: Applying Excel Data Sales $12,000 Variable costs: Cost of goods sold $6,000 Variable selling $600 Variable administrative $400 Fixed costs: Fixed selling $2,500 Fixed administrative $1,500 Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales ? Cost of goods sold ? Gross margin ? Selling and administrative expenses: Selling ? Administrative ? ? Net operating income ? Contribution Format Income Statement Sales ? Variable expenses: Cost of...
Help Seve & Ext Submit Required information Chapter 1: Applying Excel The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text Chapter 1: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks For example, in cell C18 enter the formula "-36". After entering formulas in all of the cells that contained question marks, verify that...
1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now?(a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now? 1 Chapter 2: Applying Excel $61,500 3 Data 4 Sales 5 Variable costs: 6 Cost of...
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating income $3,100 1,900 Contribution Format $12,000 Sales 6,000 Variable expenses 6,000 Cost of goods sold $6,000 Variable selling 600 Variable administrative 400 5,000 Contribution margin $ 1,000 Fixed expenses: Fixed selling 2,500 Fixed administrative 1,500 Net operating income 7,000 5,000 4,000 $ 1000 For a manufacturing company, the cost of goods sold would include some variable costs, such as direct materials, direct labor, and...
Find operating net income and please mention how to find it, what numbers are used. 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 71 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 2-9 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative...
1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7Variable selling 8 Variable administrative $19,000 $9,500 1,000 $800 9 Fixed costs 10 Fixed selling 11 Fixed administrative $2,500 1,500 12 If your formulas are correct, you should get the correct answers to the following questions (a) What is the gross margin...
Download the Applying Excel form and enter formulas in all cells that contain question markS. For example, in cell C18 enter the formulaB6". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format income statements match the numbers in Exhibit 1-7 Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in...