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Category > Management Posted 09 Jan 2018 My Price 5.00

Sara’s Coffee Shop

Exercise 2-7  Missing Income Statement Amounts

 

For each of the following cases, fill in the blank with the appropriate dollar amount.

 

Sara’s Coffee Shop            Amy’s Deli         Jane’s Bagels

 

 

 

Net sales

$ 35,000

$             

$ 78,000

Cost of goods sold

             

45,000

             

Gross profit

7,000

18,000

             

Selling expenses

3,000

             

9,000

General  and  administrative expenses

1,500

2,800

             

Total  operating expenses

             

8,800

13,600

Net income

$   2,500

$   9,200

$ 25,400

 

 

 

 

 

 

Multi-Concept Exercises  

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Maurice Tutor
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Status NEW Posted 09 Jan 2018 04:01 PM My Price 5.00

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