A company's total sales in a year were $3,150,000. The cost price of goods sold was $2,450,000. Given below are the overheads paid during the year. Calculate the net profit. • • • • • Wages = $210,000 Electricity and gas = $18,500 Telephone = $2,100 Rent of premises = $50,000 Office expenses = $22,000

A company's total sales in a year were $3,150,000. The cost price of goods sold was $2,450,000. Given below are the overheads paid during the year. Calculate the net profit. • • • • • Wages = $210,000 Electricity and gas = $18,500 Telephone = $2,100 Rent of premises = $50,000 Office expenses = $22,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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