Respuesta :
Answer:
MULTI-STEP
Sales Revenue 96,948.00
Sales commissions (8,428.00)
Net Sales 88,520.00
COGS (61,018.00)
Gross Profit 27,502.00
Depreciation (11,336.00)
Delivery Expense (3,138.00)
Salaries expense (5,348.00)
Operating Income 7,680.00
Rent revenue 17,678.00
Interest expense (2,308.00)
Non-Operating 15,370.00
Earning Before Taxes 23,050.00
Income Tax (9,518.00)
Net Income 13,532.00
Shares 40,550
EPS 0.33
ONE-STEP
Sales Revenue 96,948.00
Sales commissiones (8,428.00)
Net Sales 88,520.00
COGS (61,018.00)
Gross Profit 27,502.00
Rent Revenue 17,678.00
Depreciation (11,336.00)
Delivery Expense (3,138.00)
Salaries expense (5,348.00)
Interest expense (2,308.00)
EBT 23,050.00
Income Tax (9,518.00)
Net Income 13,532.00
Explanation:
The multi-steps calcualte the operating income and the non-operating income (from other activities and interest which aren't directly linked to the main activity of the company) While the one step just calcualte directly through earnings before taxes after solving gross profit.
Answer:
INCOME STATEMENT ( multi-step form)
Revenues $96,948
Cost of sales - $61,018
gross profit $35,930
Operating incomes $17,678
-Rent revenue $17,678
Gross operating incomes $53,608
Operating Expenses - $28250
Admin Expense $9756
- officers' salary $5,348
- Depreciation $4,408
Selling expenses $18,494
-Delivery expense $3,138
-sales commission $8,428
-Depreciation $6,928
Operating income $25358
Non-Operating expense - $2,308
-Interest expense $2,308
profit before tax $23050
Tax expense - $9,518
Net income $13,532
b) Income statement ( using single-step form)
REVENUES AND GAINS
-Revenues $96,948
- Rent revenue $17678
Total Revenue and Gains $114,626
EXPENSES AND LOSSES
cost of sales $61,018
officers' salary $5,348
Depreciation office equip $4,408
Delivery expense $3,138
sales commission $8,428
Depreciation sales equip $6,928
Interest expense $2,308
Tax expense $9,518
Total Expenses and Losses -$101,094
Net Income $13532
Explanation:
