s report fre sales öf car accessories and spare parts for the month of April was P168,234.50, cost of goods sold P118,097.12, sales returned P5,596, salaries P8,960.35. rental P15,000, light and water bills P14,950.20 and miscellaneous expenses P12,680.36. Find (A) Gross Profit and (B) Net Profit/Loss.
s report fre sales öf car accessories and spare parts for the month of April was P168,234.50, cost of goods sold P118,097.12, sales returned P5,596, salaries P8,960.35. rental P15,000, light and water bills P14,950.20 and miscellaneous expenses P12,680.36. Find (A) Gross Profit and (B) Net Profit/Loss.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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solve all 3 pls. really need it
Transcribed Image Text:1) Paul Jackson's report from sales of car accessories and spare parts for the month of April
was P168,234.50, cost of goods sold P118,097.12, sales returned P5,596, salaries P8,960.35.
rental P15,000, light and water bills P14,950.20 and miscellaneous expenses P12,680.36.
Find (A) Gross Profit and (B) Net Profit/Loss.
2) A cooperative store had a gross sales amounting to P94,653, the cost of goods sold was
P48,923, the operating expenses were P8,723.15 and refunds for defective goods amounting
to P26,497.17. Find (A) Net Sales, (B) Gross Profit, (C) Net Profit/Loss
3) Prepare an income statement for the 3M Companies for the last quarter of the year based on
the following data:
Net Sales
P840,000
165,500
370,000
72,300
Beginning Inventory
Purchases
Ending Inventory
Sales Return
15,500
31,000
15,000
8,600
15,000
9,500
8,000
Purchase Return
Rent Expense
Miscellaneous
Advertising Expense
Utilities Expense
Salaries Expense
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