Business math the income statement?

1. marine boat sales


for the quarter ending june 30, 20-


sales: $9,619,630


Returns and allowances: $50,663


net sales?


Beginning inventory: $5,689,447


merchandise purchases: $6,286,910


Total cost of goods available for sale: ?


Ending inventory: $2,432.510


cost of goods sold:?


gross profit:?


operating expenses: $127,860


Net profit or loss?





Elaine's homestyle catering


2. for the year ended december 31, 20-


cash sales: $132,682


charge sales: $2,189


returns and allowances: $1,926


net sales:?


cost of goods sold: $41,877


gross profit:?


advertising expense: $2,380


taxes: $7,414


rent: $33,000


wages and salaries: $37,440


postage: $1,509


replacements: $1,692


educational expenses: $875


other expenses: $2,339


Total operating expenses:?


Net profit or loss:?





3.Sky airlines


for the month ended september 30, 20-


sales: $1,489,632.21


returns and allowances: $2,890.80


gross proft:?


fuel: $27,699.99


maintenance: $35,628.44


repairs: $265,829.63


food for passengers: $68,619.27


salary and wages: $253,760.19


security expense: $61,880.78


advertising: $33,495.55


uniform: $22,000.99


other expenses: $18,624.63


adminisrative expenses: $64,889.24


total operating expenses:?


net profit or loss:?|||this is just simple adding and subtracting - i will do the first one for you





1. marine boat sales


for the quarter ending june 30, 20-


sales: $9,619,630


Returns and allowances: $50,663


net sales 9,619,630-50,663 = 9,568,967


Beginning inventory: $5,689,447


merchandise purchases: $6,286,910


Total cost of goods available for sale: 5,689,447 + 6,286,910 = 11,976,357


Ending inventory: $2,432.510


cost of goods sold: 11,976,357 - 2,432,510=9,543,847


gross profit 9,568,967-9,543,847 = 25,120


operating expenses: $127,860


Net profit or loss 25,120-127,860 = loss 102,740