FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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How do I find costs of goods sold and operating expenses with the following information?
Net Income (Net Loss) 70,000
Sales 890,000
Gross Profit 465,000
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- Express the total costs, net profit (NP) in money and as a percentage in the table below. Sales Food Costs Labor Costs Overheads Total Costs Net Profit Net Profit percent $140.55 $40.99 $50.50 $23.34 $175.98 $55.45 $61.25 $34.00 $268.94 $81.38 $90.45 $74.88 $555.65 $120.00 $155.98 $111.54 $1010.80 $300.70 $240.54 $230.78arrow_forwardFinancial information is presented below: Operating expenses $ 33000 Sales revenue 211000 Cost of goods sold 129000 Gross profit would be $178000. $ 82000. $ 33000. $ 49000.arrow_forwardPlease do not give solution in image format ?arrow_forward
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