Income statement preparation prepare an income statement in, Financial Management

+44 141 628 6080
[email protected]

Income statement preparation prepare an income statement in

PLEASE SHOW all work

Income Statement Preparation:

Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information:

Salaries $70,000

Insurance $700

Utilities $3,500

Gas/Auto $5,750

Office Supplies $7,250

Revenue $175,000

Rent $12,000

Maintenance $50,000

Calculate the operating expenses, operating profit, and profit percentage.

Did JMS have a good year? Why/Why not?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Income statement preparation prepare an income statement in

Reference No:- TGS01361230

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Define and discuss the construct of functional relation

Define and discuss the construct of 'Functional Relation'. How is 'functional relation' of relevance to the work of a behavior analyst?

Problem concerning theory of psychosocial development

Erik Erickson was one of the few psychologists to view aging as part of human development. His theory of psychosocial development puts forth

Explain normative or coercive forces among stake-holders

Which of normative or coercive forces among stake-holders do you think are more likely to affect the decision to build the color lab and paint shop? Why?

What communication styles do lisa and hilda had

Lisa and Hilda are seeking counseling due to Lisa's sensitivity and personalization of Hilda's conversations. Hilda dislikes Lisa's alluding to her issues

Do encoding specificity is useful for real-world memory

Do you think encoding specificity is useful for real-world memory? Are there ways you could apply it to school or other contexts to improve learning and memory?

Why cognitive revolution was successful only partially

According to Dr. Jerome Bruner, the cognitive revolution was successful only partially because: Question Select one: a. Researchers focused on

Explain how the issue impacts the audience

Explain how the issue impacts the audience. In other words, how is the issue relevant to members of the audience?

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Income statement preparation prepare an income statement in

Reference No:- TGS01361230

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : An investor is considering purchasing one of the following

Q : The haley corporation has just announced year-end results

Q : Include a brief discussion of what you see as irigarays

Q : What proportion of adults said that clothing was their rst

Q : Income statement preparation prepare an income statement in

Q : Skillet industries has a debtndashequity ratio of 12 its

Q : The risk-free rate krf is 6 percent and the market risk

Q : Suppose you hold a bond and interest rates suddenly fall

Q : Delta ray brands corp just completed their latest fiscal