Examlex

Solved

For Each Company,calculate the Missing Amount

question 17

Short Answer

For each company,calculate the missing amount.  Company  Sales  Cost of  Goods  Sold  Gross  Profit  Operating  Expenses  Net  Income  Lennon $8,000 (a) $4,000$3,000$1,000 Harrison 9,0003,000 (b) 2,0004,000 McCartney 8,0003,0005,000 (c) 2,000 Starr 7,0003,0005,0003,000 (d) \begin{array}{l}\begin{array} { l c r r r r } \text { Company } & \text { Sales } & \begin{array} { c } \text { Cost of }\\\text { Goods } \\\text { Sold }\end{array} & \begin{array} { l } \text { Gross } \\\text { Profit }\end{array} & \begin{array} { r } \text { Operating } \\\text { Expenses }\end{array} & \begin{array} { c } \text { Net } \\\text { Income }\end{array} \\\text { Lennon } & \$ 8,000 & \text { (a) } & \$ 4,000 & \$ 3,000 & \$ 1,000 \\\text { Harrison } & 9,000 & 3,000 & \text { (b) } & 2,000 & 4,000 \\\text { McCartney } & 8,000 & 3,000 & 5,000 & \text { (c) } & 2,000 \\\text { Starr } & 7,000 & 3,000 & 5,000 & 3,000 & \text { (d) }\end{array}\end{array}
 Company  Sales  Cost of  goods sold  Gross  profit a Operating  expenses  Net  income b Lennon $8,0004,000$4,000$3,000$1,000 Harrison 9,0003,0006,0002,0004,000 McCartney 8,0003,0005,0003,0002,000 Starr 7,0002,0005,0003,0002,000\begin{array} { l r r r r r } { \text { Company } } & \text { Sales } & \begin{array} { r } \text { Cost of } \\\text { goods sold }\end{array} & \begin{array} { r } \text { Gross } \\\text { profit } ^ { \mathbf { a } }\end{array} & \begin{array} { r } \text { Operating } \\\text { expenses }\end{array} & \begin{array} { r } \text { Net } \\\text { income } ^ { \mathbf { b } }\end{array} \\\hline \text { Lennon } & \$ 8,000 & \underline { 4,000 } & \$ 4,000 & \$ 3,000 & \$ 1,000 \\\text { Harrison } & 9,000 & 3,000 & \underline { 6,000 } & 2,000 & 4,000 \\\text { McCartney } & 8,000 & 3,000 & 5,000 & \underline { 3,000 } & 2,000 \\\text { Starr } & 7,000 & 2,000 & 5,000 & 3,000 & \underline { 2,000 }\end{array}


Definitions:

Destructive Feedback

Negative criticism that does not offer constructive solutions or support, potentially harming the recipient's morale or performance.

Criticism

The expression of disapproval or the identification of faults in someone or something based on perceived mistakes or weaknesses.

Unified Communication

A system that integrates various communication methods within a business, such as voice, video, messaging, and email, into a single interface.

Mobile Communication

The exchange of information through mobile devices, such as smartphones and tablets, allowing for communication regardless of location.

Related Questions