Where did they get the 160,000 from? Crocodiles was being sold for 1,000 dollar each and 300 crocodiles was sold?

 

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Crocodiles have been sold and delivered Revenues Sales of Crocodiles Expenses : Total Expenses: Ms. Maze Net Income /Loss : Income Statement Cost on Catching the Crocodiles (300 x 600) Shipping Expenses (300 x 50) For the year ended on December 31, 2008 180,000 15,000 Cost on catching one crocodile = 300,000/500 $600 per Crocodile 160,000 (255,000 ) ($95,000) Crocodiles have been sold and delivered Revenues Sales of Crocodiles Expenses : Total Expenses: Ms. Maze Net Income /Loss : Income Statement Cost on Catching the Crocodiles (300 x 600) Shipping Expenses (300 x 50) For the year ended on December 31, 2008 180,000 15,000 Cost on catching one crocodile = 300,000/500 $600 per Crocodile 160,000 (255,000 ) ($95,000)

Answer rating: 100% (QA)

It seems that the calculation for the 160000 came from multiplying ... View the full answer