Given the following profit and loss statement for the XYZ Company, allocate the natural accounts to the
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Given the following profit and loss statement for the XYZ Company, allocate the natural accounts to the functional accounts:
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Sales Cost of goods sold Gross margin Selling and administrative expenses Salaries Salespeople Sales manager Office personnel Warehouse personnel Commissions Advertising Postage Supplies Office Warehouse Packaging Transportation Travel expenses Rent Sales Warehouse Order processing XYZ Company Profit and Loss Statement 2015 Heat and electricity Sales Warehouse Order processing Total selling and administrative expenses Net profit (loss) $120,000 30,000 38,000 30,000 16,760 93,800 450 200 500 30,000 80,290 40,000 15,000 35,000 10,000 7,000 18,000 5,000 $1,676,000 1,003,000 $673,000 $570,000 $103,000
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Sales Force Management Leadership Innovation Technology
ISBN: 9781138951723
12th Edition
Authors: Mark W. Johnston, Greg W. Marshall
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