Revenues from sales, P35,600.00; sales returns and allowances, P670.00; cost of goods sold, P20,470.00; salaries, P3,600.00; light and water, P270.00; rent, P580.00; telephone, P210.00, miscellaneous expenses, P1,800.00.
Compute for the net profit / net loss.
If your answer is a loss, put in a pair of parenthesis () the value you acquired from solving; e.g (P2,500.00)
Compute for the net profit / net loss.
If your answer is a loss, put in a pair of parenthesis () the value you acquired from solving; e.g (P2,500.00)
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Answer:
P35,600+P670+P20,470= P56,740 is the profit
P3,600+P270+P580+P210+P1,800= P6,460 is the expenses
(P50,280) is your net loss
8,000
Step-by-step explanation:
Revenue 35,600.00
Sales R/A (670.00)
Net Revenue 34,930.00
COGS (20,470.00)
Gross Profit 14,460.00
Expenses:
Salaries (3,600.00)
Light/Water (270.00)
Rent (580.00)
Telephone (210.00)
Miscellaneous (1,800.00)
NET PROFIT 8,000.00