Please create an income statement with the following data from January 2019 - December 2019: - 1500

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Please create an income statement with the following data from January 2019 - December 2019:

- 1500 business students will spend $300 annually on clothes

- Capturing 10% of these sales would result in $45,000 in sales annually

- Labour is free from volunteers

- Average selling price of $30 per item

- Items were sold just over cost so there is no profits currently

It- Estimated that 100 hundred items had been sold so far

Related Book For answer-question

Managerial Accounting

ISBN: 978-0078111006

14th edition

Authors: Ray Garrison, Eric Noreen and Peter Brewer

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Posted Date: Jun 23, 2021 12:30 AM

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Please create an income statement with the following data from January 2019 - December 2019: - 1500

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It is required to prepare Income statement for a cloth sales transactions to business students for the period January 012019 to December 312019 SOLUTI... View the full answer

Managerial Accounting

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