2023 Word has gotten around that you know accounting and can explain it well Jim | Assignments Online
2023 Word has gotten around that you know accounting and can explain it well Jim | Assignments Online
Assignments Online 2023 Business & Finance
Word has gotten around that you know accounting and can explain it well. Jim, another of your friends has a unique business. During the summer he buys hats that cost $5.00 each and sells them at the beach for $12.00 each. Other than the cost of the hat, his only other expense last summer was $120 for parking. He sold 78 hats last summer. His accountant prepared a financial statement for him and he has several questions about the income statement. He asks:
- What does the cost of goods sold and gross profit mean?
- How much gross profit do I make on each hat?
- Why show both gross profit and net income?
- Using Jim’s figures, calculate his cost of goods sold, gross profit and net income – SHOW YOUR CALCULATIONS
If I have hats returned or a give a discount, how will that be shown on the income statement?
Assignmentsonline.org help students to solve their assignment in the best possible manner. In the assignment help industry, we are regarded as one of the best helpers for students’ tasks in all subjects. We provide solutions to students from all corners of the world, but the main focus is from students residing in the US, UK, and Australia. Our primary focus is solving student assignments for all subjects and streams.
Place Order NOw
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
