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Financial Information Table Financial Component Detailed Breakdown Amount ($) Beginning Retained Earnings Balance at start of period 5,200 Revenue Components Sales Revenue Total sales for the period 28,500 Interest Income Additional revenue 1,500 Total Revenue 30,000 Expense Components Cost of Goods Sold Direct production costs 12,400 Operating Expenses Regular business operations 8,700 Administrative Expenses Management and support costs 4,200 Marketing Expenses Promotional and sales efforts 2,500 Total Expenses 27,800 Net Income Calculation Total Revenue 30,000 Total Expenses 27,800 Net Income Profit before dividends 2,200 Dividends Shareholder distributions 1,800 Ending Retained Earnings Final calculation 5,600

Financial Information Table Financial Component Detailed Breakdown Amount ($) Beginning Retained Earnings Balance at start of period 5,200 Revenue Components Sales Revenue Total sales for the period 28,500 Interest Income Additional revenue 1,500 Total Revenue 30,000 Expense Components Cost of Goods Sold Direct production costs 12,400 Operating Expenses Regular business operations 8,700 Administrative Expenses Management and support costs 4,200 Marketing Expenses Promotional and sales efforts 2,500 Total Expenses 27,800 Net Income Calculation Total Revenue 30,000 Total Expenses 27,800 Net Income Profit before dividends 2,200 Dividends Shareholder distributions 1,800 Ending Retained Earnings Final calculation 5,600

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter4: Accounting For Retail Operations
Section: Chapter Questions
Problem 4.4MBA
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Financial Information Table Financial Component Detailed Breakdown Amount ($) Beginning Retained Earnings Balance at start of period 5,200 Revenue Components Sales Revenue Total sales for the period 28,500 Interest Income Additional revenue 1,500 Total Revenue 30,000 Expense Components Cost of Goods Sold Direct production costs 12,400 Operating Expenses Regular business operations 8,700 Administrative Expenses Management and support costs 4,200 Marketing Expenses Promotional and sales efforts 2,500 Total Expenses 27,800 Net Income Calculation Total Revenue 30,000 Total Expenses 27,800 Net Income Profit before dividends 2,200 Dividends Shareholder distributions 1,800 Ending Retained Earnings Final calculation 5,600
Transcribed Image Text:Financial Information Table Financial Component Detailed Breakdown Amount ($) Beginning Retained Earnings Balance at start of period 5,200 Revenue Components Sales Revenue Total sales for the period 28,500 Interest Income Additional revenue 1,500 Total Revenue 30,000 Expense Components Cost of Goods Sold Direct production costs 12,400 Operating Expenses Regular business operations 8,700 Administrative Expenses Management and support costs 4,200 Marketing Expenses Promotional and sales efforts 2,500 Total Expenses 27,800 Net Income Calculation Total Revenue 30,000 Total Expenses 27,800 Net Income Profit before dividends 2,200 Dividends Shareholder distributions 1,800 Ending Retained Earnings Final calculation 5,600
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