2. Given the following information, calculate TAGUDTUD BAKESHOP'S net income?
a. Sales: P 260,000.00
c. Cost of goods sold: P 100,000.00
b. Rent expense: P 15,000.00
d. Advertising expense: P 35,000.00 e. Cost of repairs resulting from fire: P 50,000.00
3. Using the above information calculate the Tagudtud Bakeshop's gross profit:
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a. Sales: P 260,000.00
c. Cost of goods sold: P 100,000.00
b. Rent expense: P 15,000.00
d. Advertising expense: P 35,000.00 e. Cost of repairs resulting from fire: P 50,000.00
3. Using the above information calculate the Tagudtud Bakeshop's gross profit:
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Answers & Comments
Answer:
2.A
Step-by-step explanation:
Hope it's help
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