Professional Documents
Culture Documents
2. Gross Margin %
=(𝐺𝑟𝑜𝑠𝑠 𝑀𝑎𝑟𝑔𝑖𝑛)/(𝐺𝑟𝑜𝑠𝑠 𝑅𝑒𝑣𝑒𝑛𝑢𝑒)∗100
=40,000/85,000∗100
= 47.6%
=9,000/85,000∗100
= 10.6%
QED Electronics Company
Income Statement
April
Revenue:
Service Revenue….............................................................$33,400.00
Expenses:
Bad Debt….........................................................$645.00
Interest Expense……..........................................$880.00
Wages……....................................................$10,000.00
Parts…….........................................................$3,700.00
Depreciation expense……...............................$2,700.00
Selling expenses…….......................................$1,900.00
Utility bills…......................................................$800.00
Administrative and misc……...........................$4,700.00
Total Expenses….............................................................($25,325.00)
Net Income…........................................................................$5,275.00
Maynard Company
Income Statement
For Month of June