Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. yae publishing house had a net sales of p57,000.00

Yae Publishing House had a net sales of P57,000.00 for the current month. The operating...

60.1K

Verified Solution

Question

Accounting

Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40%, and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suppose you are a researcher in a hospital. You are experimenting with a new tranquilizer. You...

Basic Math
Q

For each of the following data sets, write a system of equations to determine the coefficients...

Advance Math
Q

In transonic wind tunnel testing, the small area decrease caused by placing the model in the...

Mechanical Engineering
Q

7 The market for college athletes Suppose that Sam an excellent high school basketball player...

Basic Math
Q

Find the domain of the rational function.f(x) 1 - 3x x-10x+16All real number except -8...

Basic Math
Q

5 km Coral reef 15 km 1 Provide your answer below Tent Shoreline A visitor...

Calculus
Q

Lexigraphic Printing Company is considering replacing a machine that has been used in its factory...

Accounting
Q

1. Please prepare an adjusted trial balance 2. Compute 5 different ratios (must include working...

Accounting
Q

Explain the steps that should be taken by an internal accountant/CMA when there is a...

Accounting
Q

MCE Craig, Inc., has provided the following information for one of its products for each...

Accounting
Q

7,8,9, income statement and balance sheet please and thank you so much including 1,2,3,4,5,6 incase...

Accounting
Q

You have saved $3,166 for a down payment on a new car. The monthly payment...

Finance