Gross Sales: Less: Cost of Sales Gross Profit Less: Operating Expenses Packaging, Transpo & Electricity) Php 2,880.00 Php 1,476.00 Php 1,404.00 Php 594.00 Php 5,760.00 Php 2,952.00 Php 2,808.00 Php 1,188.00 Php 8,640.00 Php 4,428.00 Php 4,212.00 Php 1,782.00 Php 11,520.00 Php 5,904.00 Php 5,616.00 Php 2,376.00 Php 14,400.00 Php 7,380.00 Php 7,020.00 Php 2,970.00
Gross Sales: Less: Cost of Sales Gross Profit Less: Operating Expenses Packaging, Transpo & Electricity) Php 2,880.00 Php 1,476.00 Php 1,404.00 Php 594.00 Php 5,760.00 Php 2,952.00 Php 2,808.00 Php 1,188.00 Php 8,640.00 Php 4,428.00 Php 4,212.00 Php 1,782.00 Php 11,520.00 Php 5,904.00 Php 5,616.00 Php 2,376.00 Php 14,400.00 Php 7,380.00 Php 7,020.00 Php 2,970.00
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 3P
Related questions
Question
Narrative report of each daily (Day 1-Day 5) based it from the first photo, the product is banana ice cream
![Gross Sales:
Less: Cost of
Sales
Gross Profit
Less:
Operating
Expenses
(Packaging,
Transpo &
Electricity)
Net Income
before Tax
Income Tax
Expenses (30%)
Net Income
after Tax
Day 1
Php 2,880.00
Php 1,476.00
Php 1,404.00
Php 594.00
Php 810.00
Php 243.00
Php 567.00
Day 2
Php 5,760.00
Php 2,952.00
Php 2,808.00
Php 1,188.00
Php 1,620.00
Php 486.00
Php 1,134.00
Day 3
Php 8,640.00
Php 4,428.00
Php 4,212.00
Php 1,782.00
Php 2,430.00
Php 729.00
Php 1,701.00
Day 5
Day 4
Php 11,520.00
Php 5,904.00
Php 14,400.00
Php 7,380.00
Php 5,616.00
Php 7,020.00
Php 2,376.00 Php 2,970.00
Php 3,240.00
Php 4,050.00
Php 972.00
Php 1,215.00
Php 2,268.00
Php 2,835.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F69f48ba2-d19c-421b-80bb-0118a2898110%2F5404e0c4-4ddb-4512-b152-76aec79f8961%2Fvkss1fl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Gross Sales:
Less: Cost of
Sales
Gross Profit
Less:
Operating
Expenses
(Packaging,
Transpo &
Electricity)
Net Income
before Tax
Income Tax
Expenses (30%)
Net Income
after Tax
Day 1
Php 2,880.00
Php 1,476.00
Php 1,404.00
Php 594.00
Php 810.00
Php 243.00
Php 567.00
Day 2
Php 5,760.00
Php 2,952.00
Php 2,808.00
Php 1,188.00
Php 1,620.00
Php 486.00
Php 1,134.00
Day 3
Php 8,640.00
Php 4,428.00
Php 4,212.00
Php 1,782.00
Php 2,430.00
Php 729.00
Php 1,701.00
Day 5
Day 4
Php 11,520.00
Php 5,904.00
Php 14,400.00
Php 7,380.00
Php 5,616.00
Php 7,020.00
Php 2,376.00 Php 2,970.00
Php 3,240.00
Php 4,050.00
Php 972.00
Php 1,215.00
Php 2,268.00
Php 2,835.00
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