Financial Information Is Presented Below for Two Different Companies Instructions
Determine the Missing Amounts

question 225

Essay

Financial information is presented below for two different companies. $\begin{array}{lrr}&\text { Gower } & \text { Martini Food } \\&\text { Drugs } & \text { and Liquor }\\\text { Sales revenue } & \$ 90,000 & \$(\mathrm{e}) \\\text { Sales returns and allowances } & (\mathrm{a}) & 3,000 \\\text { Net sales } & 86,000 & 95,000 \\\text { Cost of goods sold } & 56,000 & (\mathrm{f}) \\\text { Gross profit } & (\mathrm{b}) & 36,000 \\\text { Operating expenses } & 22,000 & (\mathrm{~g}) \\\text { Income from operations } & (\mathrm{c}) & (\mathrm{h}) \\\text { Other expenses and losses } & 4,000 & 7,000 \\\text { Net income } & \text { (d) } & 11,000\end{array}$ Instructions
Determine the missing amounts.

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Definitions:

Remedies

Solutions or treatments for solving a problem or rectifying a situation, often in legal or medical contexts.

Formal Rules

Officially established guidelines and procedures designed to govern behavior and processes within an organization.

High-Quality Exchange

represents relationships characterized by mutual respect, trust, and encouragement between leaders and followers, often leading to enhanced performance and job satisfaction.

Control Over Outcomes

The ability to influence or determine the results of actions within an individual's or organization's sphere of responsibility.