Question: Based on the following information to construct an income statement, what is the costs of goods sold amount? Please type your answer in the box

Based on the following information to construct an income statement, what

Based on the following information to construct an income statement, what is the costs of goods sold amount? Please type your answer in the box below. Sales = $1,230,000; General and administrative expense = $134,000; Selling and marketing expense $159,000; Depreciation=$25,000; Interest expense = $141,000; Income tax rate = 25%, and net income is $65,250

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question 2..BTW,please focus the every step FINANCE SPOTLIGHT...

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...

Chica Company has the following information at the end of December: Balance per bank statement 25,200 Balance per books 24,500 Deposits in Transit 7450 EFT payments received from customers on account...

Last month, Babe Company placed P60,000 of materials into production. The printing department used 8,000 labor hours at P5.60 per hour and the binding department used 4,600 hours at P6.00 per hour....

Voest ltd is a manufacturer and distributer of mine drilling equipment. All of its customers are in the extraction industry. The technology in the extraction industries has been changing rapidly in...

I've attached the assignment as a word file, thanks! You can use the class readings for this week's assignments. c05MerchandisingOperationsandtheMultiple-StepIncomeStatement.qxd 8/14/10 2:14 PM Page...

I've attached the question as a word file as well as the class text to help with the assignment. Thanks! c05MerchandisingOperationsandtheMultiple-StepIncomeStatement.qxd 8/14/10 2:14 PM Page 226...

1. (Points: 1) With respect to a corporation, select the statement that is correct. a. Its organization requires an approved charter which is governed by state law. b. Ownership rights to the...

Philip Caron is in his mid-fifties and he is married with two teen aged children. For over fifteen yearshe has worked as an unincorporated welder. The business is currently netting approxi mately...

Refer to Exercise 12-9. Suppose that for 2010, McCawl Company has chosen suppliers that provide higher-quality parts and redesigned its plant layout to reduce material movement. Additionally, McCawl...

Land for a Materials Recovery Facility ( MRF ) was purchased for $ 1 2 5 , 0 0 0 with a 3 0 year loan at 4 . 2 5 % annual interest. Operation and maintenance costs are $ 2 0 0 / month . Revenue from...

Procter 1 2 Procter & Gamble focuses its marketing efforts in the detergent category on brands such as Tide that are sold with a similar market strategy across its subsidiaries in foreign markets....

The Leadership Grid states that the one best style to use in all situations is the 9,9 team manager style, with a high concern for both people and production. Do you agree with this statement?

Fiedlers contingency leadership theory states that managers cant change their leadership style; they are either task- or relationship-oriented. Do you agree with this statement?

After reading this case and viewing the video, describe whether you think Steve Jobs was passive, aggressive, passiveaggressive, or assertive.