Answer:
(a) $52,300; $9,200
(b) $33,600; $10,000
(c) $162,300; $39,500
Explanation:
(a) Sales Revenue = $82,400
Cost of Goods Sold = ?
Gross Profit = $30,100
Operating Expenses = ?
Net Income = $20,900
Gross profit = Sales revenue - Cost of goods sold
$30,100 = $82,400 - Cost of goods sold
Cost of goods sold = $82,400 - $30,100
= $52,300
Net income = Gross margin - Operating expenses
Operating expenses = Gross margin - Net income
= $30,100 - $20,900
= $9,200
(b) Sales Revenue = $110,600
Cost of Goods Sold = $77,000
Gross Profit = ?
Operating Expenses = ?
Net Income = $23,600
Gross profit = Sales revenue - Cost of goods sold
= $110,600 - $77,000
= $33,600
Operating expenses = Gross margin - Net income
= $33,600 - $23,600
= $10,000
(c) Sales Revenue = ?
Cost of Goods Sold = $75,100
Gross Profit = $87,200
Operating Expenses = $47,700
Net Income = ?
Gross profit = Sales revenue - Cost of goods sold
Sales revenue = Gross profit + Cost of goods sold
= $87,200 + $75,100
= $162,300
Net income = Gross margin - Operating expenses
= $87,200 - $47,700
= $39,500
