Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses...
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Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40%, and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House. Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40%, and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House.
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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