Question

help please

JUNYSELUJAL Ler HUF Chapter 5 Homework Synced to Gracebook Wied, Feb 26, 2020, 8. 19:39 AM America/New York-05:00) < Prev Next > Question 4 View Policies Current Attempt in Progress Financial Information for two companies are presented bclow. Fill in the missing amounts Swifty Corporation Marigold Corp 574.000 $ Sales revenue Sales returns and allowances 3400 24,000 Net sales Cost of goods sold 60,000 51.000 Gross profit 26880 Operating expenses 10,800 Net Income e Textbook and Media Save for Later Attempts: Oof 10 used Submit Answer The parts of this question must be completed harder. This part will be available when you complete the part above Synced to Gradebook Wed, Feb 25, 2020,8 19:39 AM America/New York 05:00) Next > + Previous

Answer 1

Answer -

Particulars	Marigold Corp. ($)	Swifty Corporation ($)
Sales revenue	74000 [Given in question]	87400 [84000 + 3400]
Sales returns and allowances	6000 [74000 - 68000]	3400 [Given in question]
Net sales	68000 [Given in question]	84000 [Given in question]
Cost of goods sold	51000 [Given in question]	57120 [84000 - 26880]
Gross profit	17000 [68000 - 51000]	26880 [Given in question]
Operating expenses	10880 [Given in question]	18480 [26880 - 8400]
Net income	6120 [17000 - 10880]	8400 [Given in question]