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  • Income Statement Lone Pine Cafe

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    Rahul Tiwari
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    The Lone Pine Café income statement for November 2, 2009 to March 30, 2010 shows net sales of $44,350, cost of sales of $11,969, gross margin of $32,381, expenses of $43,235, and a net income of -$10,854, indicating a loss over the period. Inventory and purchases figures are provided, along with revenue, expenses including salaries, utilities, rent, and depreciation. Cost of goods sold for the period is $11,969.

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    The Lone Pine Café income statement for November 2, 2009 to March 30, 2010 shows net sales of $44,350, cost of sales of $11,969, gross margin of $32,381, expenses of $43,235, and a net income of -$10,854, indicating a loss over the period. Inventory and purchases figures are provided, along with revenue, expenses including salaries, utilities, rent, and depreciation. Cost of goods sold for the period is $11,969.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    69 views2 pages

    Income Statement Lone Pine Cafe

    Uploaded by

    Rahul Tiwari
    The Lone Pine Café income statement for November 2, 2009 to March 30, 2010 shows net sales of $44,350, cost of sales of $11,969, gross margin of $32,381, expenses of $43,235, and a net income of -$10,854, indicating a loss over the period. Inventory and purchases figures are provided, along with revenue, expenses including salaries, utilities, rent, and depreciation. Cost of goods sold for the period is $11,969.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Lone Pine Caf For the period Nov 2,2009 to Mar 30,2010 Income Statement

    Net Sales Cost of Sales Gross Margin Expenses Net Income 44350 11969 32381 43235 -10854

    Lone pine caf calculations

    Inventory Opening Balance Closing Balance Purchased paid for Purchases on Credit

    2800 2430 10016 1583

    Revenue Sales 43480 Sales 870 recievable

    Expenses Salary A/c 23150 Wages Part time 5480

    Telephone and Electricity Misc. Rent Depreciation Licence depriciation Interest 44350

    3270 255 7500 2445 595 540 43235

    Cost of Goods Sold

    11969

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