Question

In: Accounting

Financial information is presented below for Amazon. Please find the missing amounts. Sales revenue $ (a)...

Financial information is presented below for Amazon. Please find the missing amounts.

Sales revenue

$ (a)

Sales returns and allowances

3,000

Net sales

95,000

Cost of goods sold

(b)

Gross profit

36,000

Operating expenses

(c)

Income from operations

(d)

Other expenses and losses

7,000

Net income

11,000

Please Solve As soon as
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Thank's
Abdul-Rahim Taysir

Solutions

Expert Solution

Particulars Amount
Sales              98,000
Sales returns               (3,000)
Net sales              95,000
Cost of goods sold              59,000
Gross profit              36,000
Operating expenses              18,000
Income from operations              18,000
Other expenses                 7,000
net income              11,000

please vote

ekkarill92 answered 2 years ago
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