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  • Bus 201 Report

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    HR Rayhan
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    The company had gross sales of $768,000 and net sales of $754,000 after a $10,000 discount. Total costs were $348,000, including $266,000 in selling expenses like wages, leases, and advertising, and $67,000 in general expenses like rent, electricity, and insurance. The company's net income before taxes was $406,000 and after paying $60,900 in income taxes, the net income was $345,100.

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    The company had gross sales of $768,000 and net sales of $754,000 after a $10,000 discount. Total costs were $348,000, including $266,000 in selling expenses like wages, leases, and advertising, and $67,000 in general expenses like rent, electricity, and insurance. The company's net income before taxes was $406,000 and after paying $60,900 in income taxes, the net income was $345,100.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Bus 201 Report

    Uploaded by

    HR Rayhan
    The company had gross sales of $768,000 and net sales of $754,000 after a $10,000 discount. Total costs were $348,000, including $266,000 in selling expenses like wages, leases, and advertising, and $67,000 in general expenses like rent, electricity, and insurance. The company's net income before taxes was $406,000 and after paying $60,900 in income taxes, the net income was $345,100.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Details Taka Taka Taka

    Revenues

    Gross sales (64,000*12) 768,000

    Discount -10.000

    Net sales 754,000

    Cost

    Machine purchases 15,000

    Selling expenses

    Labor wage (9,000*12) 108,000

    Lease vehicle (9,000*2) 108,000

    Advertising 50,000

    Total 266,000

    General expenses

    Office rent (5000*12) 60,000

    Electricity (500*12) 6000

    Insurance 1000

    Total 67,000

    Total cost -348,000

    Net income before taxes 406,000

    Income tax expenses -60,900

    Net income after taxes 345,100

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