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  • Andrei Enterpri - 3

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    Lovesickbut Prettysavage
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    Andrei Enterprises reported $1,249,000 in net sales for April 2016 with a gross income of $504,400 after accounting for cost of goods sold of $744,600. Total operating expenses for the month were $187,994, resulting in a net operating income of $316,406 and net income of $316,256 after deducting $150 in interest expenses.

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    ANDREI ENTERPRI- 3

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    Andrei Enterprises reported $1,249,000 in net sales for April 2016 with a gross income of $504,400 after accounting for cost of goods sold of $744,600. Total operating expenses for the month were $187,994, resulting in a net operating income of $316,406 and net income of $316,256 after deducting $150 in interest expenses.

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    11 views1 page

    Andrei Enterpri - 3

    Uploaded by

    Lovesickbut Prettysavage
    Andrei Enterprises reported $1,249,000 in net sales for April 2016 with a gross income of $504,400 after accounting for cost of goods sold of $744,600. Total operating expenses for the month were $187,994, resulting in a net operating income of $316,406 and net income of $316,256 after deducting $150 in interest expenses.

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    © All Rights Reserved
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    of 1

    ANDREI ENTERPRISES

    Statement of Income
    For the month Ended April 20, 2016
    %
    Gross Sales 1,257,000.00 100.00%
    Less: Sales Returns & allowances (5,000.00) -0.40%
    Sales Discounts (3,000.00) -0.24%

    Net sales 1,249,000.00 99.36%


    Deduct: Cost of Goods Sold (Schedule 1) 744,600.00 59.24%

    Gross Income 504,400.00 40.13%


    Less: Operating expenses
    Commision expenses 25,700.00 2%
    Rent expenses 20,000.00 1.59%
    Salaries expenses 70,000.00 5.57%
    Light and water 22,300.00 1.77%
    Advertising expenses 4,500.00 0.36%
    Freight out 5,000.00 0.40%
    Supplies expenses 13,200.00 1.05%
    Depreciation expenses 8,944.00 0.71%
    Taxes license 2,225.00 0.18%
    Telephone Expense 3,750.00 0.30%
    Gasoline expense 12,375.00 0.98%
    Total 187,994.00 14.96%

    Net operating Income 316,406.00 25.10%


    Less:others expenses
    Interest expense (150.00) -0.01%

    Net Income For the Month 316,256.00 25.16%

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