Start with total revenue, You will create an Income

Start with total revenue

Assignment Help Management Theories

Reference no: EM13880343

You will create an Income Statement for the Question. Keep in mind the following:

1. Start with total revenue, and subtract cost of goods sold to calculate gross margin.

2. Subtract total expenses from gross margin to calculate net profit.

Your task is to create an income statement for a company that had the following results last period.

Units Sold	100,000	Consumer promotion	$1, 800, 000
Unit Cost	$40	Personal Selling	5 sales people @ $80,000 each
Price	$90	Dealer Promotions	$1,200, 000
Advertising	$1,500,000	Product Development	$700, 000

INCOME STATEMENT

Revenue	(units sold * price)
Cost of Goods Sold	(units sold * unit cost)
Gross Margin:	(revenue- cost of goods sold)
EXPENSES




Total Expenses:	(sum expenses)
NET PROFIT	(gross margin-total expenses)

Reference no: EM13880343

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