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zubka84 [21]
3 years ago
15

How many people currently live in the south asian region? select one:

Business
1 answer:
Mkey [24]3 years ago
7 0
About 1.5 billion c part
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The purpose of cascading the balanced scorecard throughout the organization is: _____________
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All of the following are basic requirements for a fulfilling career except:
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Paint packaged in aerosol cans is dangerous because it has a risk of ___________.
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________ advertising encourages wholesalers and retailers to carry the products of a specific manufacturer.
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Consider the following partially completed income statements for merchandising companies and compute the missing​ amounts under
Helen [10]

Answer:

e. Purchases & freight= 60,000

f. Cost of goods sold= 88,800

d. Sales= 202,800

g.Operating income= 28,000

Explanation:

Calculation for the missing amounts for Flynt Corp.

e. Computaion for Purchases & freight-in

Using this formula

Purchases & freight-in= Cost of Goods Available for Sale - Beginning Merchandise Inventory

Let plug in the formula

Purchases & freight= 91,000 - 31,000

Purchases & freight= $ 60,000

f. Computation for Cost of goods sold

Using this formula

Cost of goods sold = Cost of Goods Available for Sale - Ending Merchandise Inventory

Let plug in the formula

Cost of goods sold= 91,000 - 2,200

Cost of goods sold= 88,800

d. Computation for Sales

Using this formula

Sales = Gross profit + Cost of goods sold

Let plug in the formula

Sales= 114 000 + 88,800

Sales= 202,800

g. Computation for Operating income

Using this formula

Operating income = Gross profit - Selling and Administrative Expenses

Let plug in the formula

Operating income= 114,000 - 86,000

Operating income= 28,000

Preparation for the Income statement for Flynt Corp.

Flynt INCOME STATEMENT

Sales 202,800 (i)

Cost of good sold :

Beginning Merchandise Inventory 31,000

Purchases and Freight In 60,000

Total Cost of goods available for sale 91,000

(60,000+31,000)

Less Ending Merchandise Inventory 2,200

Cost of goods sold 88,800 (ii)

(91,000-2,200)

Gross profit 114,000

(202,800 - 88,800)

Less Selling & Administrative expenses 86,000

Operating income 28,000

3 0
3 years ago
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