Question

How do I find the total of a single expense, without total expenses or net income.

How do I find the total of a single expense, without total expenses or net income.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

This means you have the Total revenue.

First you need to calculate the Net income through Owner's Equity. You have to calculate through Closing balance of owner's equity and subtract opening balance of owner's equity. Then add any drawing made during the year or less any capital introduce during the year.

After getting Net income you can get total expense.

Total Revenue - total expense = Net income

After total expense you can calculate the single expense total by subtracting all other expenses from Total expense.

Add a comment
Know the answer?
Add Answer to:
How do I find the total of a single expense, without total expenses or net income.
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Rent Expense Utilities Expense Total Operating Expenses Income From Operations Other Expenses and Losses Interest Expense...

    Rent Expense Utilities Expense Total Operating Expenses Income From Operations Other Expenses and Losses Interest Expense Loss on Disposal of Plant Assets Income Before Income Taxes 4 Income Tax Expense Net Income /(Loss) Assume the marketing department has presented a plan to increase advertising expenses by $340 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%. (Hint: Increase both sales revenue and sales returns and allowances by 25%.)...

  • Taxes Expens Misceous Expense Total expenses Net Income 110 Prepare a staplement of owner's equity for...

    Taxes Expens Misceous Expense Total expenses Net Income 110 Prepare a staplement of owner's equity for the year ended April 30, 2019 Wilderness Travel Service Statement of Owner's Equity For the Year Ended April 30, 2019 Harper Borcapital, May 1, 2018 Net Income for the year Withdrawals Increase in owner's equity Harper Borg, capital, April 30, 2019 of April 30, 2019. When entering assets, enter them in order of 3. Prepare a balance sheet liquidity. Wilderness yravel Service Balance Sheet...

  • Calculator The form of income statement that emphasizes total revenues and total expenses in determining net...

    Calculator The form of income statement that emphasizes total revenues and total expenses in determining net income is called t a. multiple-step statement Ob. single-step statement Oc. cash flow statement d. operating income statement

  • Advertising Expense Salaries Expense Rent Expense Total Expenses 12,000 64,000 8,000 95,200 89,800 Net Income $...

    Advertising Expense Salaries Expense Rent Expense Total Expenses 12,000 64,000 8,000 95,200 89,800 Net Income $ Requirement 2. Prepare the statement of retained earnings. Dog Gone It Daycare Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, Dec 31, 2017 Net income for the year 89800 89800 33000 33000 Dividends 56800 Retained Earnings, Dec 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. 1 remaining 1 part Clear...

  • How to calculate the net operating income for both and shipping expense? Milden Company is a...

    How to calculate the net operating income for both and shipping expense? Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: 20 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183,000 per quarter 6% of sales $57,000 per...

  • how do I prepare an income statement and cash flow using this information how do I...

    how do I prepare an income statement and cash flow using this information how do I calculate the cash flow How to calculate the operating Cash Flow using the information given Clipboard Font Alignment D34 =SUM(D32:D33) D S 6 Revenue 7 Opening Cash Balance $ $ 16,560.00 5,000.00 $ 21,560.00 $ $ $ 9 Total Revenue 10 Expenses: 11 Rent 12 Utility Expense 13 Salaries 14 Total Expense 15 Earnings Before Tax 16 17 Taxes 18 Net Earnings 19 He...

  • I need help with the Total Operating Expenses and net income Font Clipboard B17 : X...

    I need help with the Total Operating Expenses and net income Font Clipboard B17 : X fix January February 2 Income 3 Sales $ 120,000.00 $ 123,000.00 $ 120,000.00 $ 123,000.00 5 Total Income 6 Cost of Goods Sold 7 Purchases 8 Commissions 10 Total Cost of Goods Sold 11 Gross Profit 12 Operating Expenses 13 Payroll 14 Utilities 15 Other 17 Total Operating Expenses 18 Net Income $ (60,900.00) $ (62,400.00) $ (12,000.00) $ (12,300.00) $ (72,900.00) $ (74,700.00)...

  • Pease help me find income from operations, income before income taxes, and net income/ loss. Also...

    Pease help me find income from operations, income before income taxes, and net income/ loss. Also what goes after cost of goods sold at the top that I got wrong! Thank you! all the info you need should be included in the picture. CULLUMBER COMPANY Income Statement For the Month Ending January 31, 2022 $ Sales Revenues 27300 i 18250 Cost of Goods Sold 9050 Total Revenues Operating Expenses $ Bad Debts Expense 484 Supplies Expense 740 Service Charge Expense...

  • Need help finding Total Variable Expense and Contribution Margin. Please explain how to find, Thank you!...

    Need help finding Total Variable Expense and Contribution Margin. Please explain how to find, Thank you! Restate the following income statement for a retailer in contribution format. $ 93,000 53,940 39,060 Sales revenue ($100 per unit) Less cost of goods sold ($58 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $ 6,510 Salaries expense 7,900 Advertising expense 6,000 Shipping expense ($3 per unit) 2,790 Operating income 23,200 $ 15,860 Sales Revenue 93000 100 Variable Expenses Cost...

  • Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 310,000 217,000 93,000 76,800...

    Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 310,000 217,000 93,000 76,800 $ 16,200 Per Unit $ 20 14 $ 6 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $34,200? 3-b. Verify your answer by preparing a...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT