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
Solve quickly I get you two UPVOTE directly
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 agoRelated Solutions
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