Fill in the Blanks (A)through (G)for the Hendricks Company for Each

question 167

Short Answer

Fill in the blanks (a)through (g)for the Hendricks Company for each of the income statements for 2012,2013,and 2014.
$\begin{array}{c}\text { HENDRICKS COMPANY}\\\text { Income Statements }\\\text { For the Years Ended December 31}\\\begin{array}{|l|r|r|r|}\hline &2012 & 2013 & 2014 \\\hline \text { Sales } & \$ 7,500 & \$ 10,000 & \text { (f) } \\\hline \text { Cost of goods sold } & & & \\\hline \text { Merchandise inventory (beginning) } & (\mathrm{a}) & 375 & 750 \\\hline \text { Total cost of merchandise purchases } & 2,400 & 3,625 & 4,875 \\\hline \text { Merchandise inventory (ending) } & (\mathrm{b}) & \underline{750} & \underline{625} \\\hline \text { Cost of goods sold } & \underline{2,770} & (\mathrm{~d}) & \underline{5,000} \\\hline \text { Gross profit } & (\mathrm{c}) & 6,750 & 5,200 \\\hline \text { Operating expenses } & 3,750 & 3,750 & (\mathrm{~g}) \\\hline \text { Net income } & \$ 980 & (\mathrm{e}) & \$ 2,500 \\\hline\end{array}\end{array}$

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Definitions:

Strategies

General plans or sets of actions aimed at achieving specific goals or solving particular problems.

Overextending Yourself

Taking on too many tasks or commitments simultaneously, leading to stress, burnout, or failure to effectively manage time and responsibilities.

Minimizing Distractions

Strategies or actions taken to reduce or eliminate disruptions that interfere with focus and productivity.

Studying

The act of devoting time and attention to acquiring knowledge on an academic subject, especially through books.