Prepare a completed income statement in proper format

Reference no: EM13576369

1) The information below was obtained from the records of the Thompson Corporation for the year ending December 31, 2013

Sales Revenue $500,000

Gross Profit $300,000

Salary Expenses $50,000

Supplies Expense $30,000

Rent Expense $65,000

Maintenance Expense ?

Pre-Tax Income $130,000

Income Tax Rate 30%

Prepare a completed Income Statement in proper format (showing both gross profit and income from operation calculations) for the year ending December 31, 2013. Please report the gross profit percentage as well.

Reference no: EM13576369

Questions Cloud

Gammell issued 50000 bonds payable 9 annual interest : gammell issued 50000 bonds payable 9 annual interest maturity in ten years. the bonds were issued at 52000. gammell

Assume 85 of passengers show up 15 will not airline booked : assume 85 of passengers show up 15 will not. airline booked 11 people for 10 seats.1 find probability there are enough

Gammell inc reported net income of 40000 for 2009 the : gammell inc. reported net income of 40000 for 2009. the income tax return excluded an expense item of 3000 because

Two dice are rolled let a denote the event that the number : two dice are rolled. let a denote the event that the number on the first die is greater than the number on the second

Prepare a completed income statement in proper format : 1 the information below was obtained from the records of the thompson corporation for the year ending december 31

Next year it expects a net income of 3145778 and will pay : 1. planning models that are more sophisticated than the percent of sales method have2. firms that achieve higher growth

The vp of sales at widgecorp who is comfortable with : company w is testing a sales software. their sales force of 500 people is divided into four regions northeast southeast

How is gross profit computed why is it such an important : how is gross profit computed? why is it such an important measure of profitability? what is your companys or one you

Excel 2010 provides the capability to exchange data with : excel 2010 provides the capability to exchange data with other applications. discuss the different types of ways to

User Account

All Pages