Scribd Logo
Upload

Welcome to Scribd!

  • Income Statement

    Uploaded by

    LeeJianRu
    20 views2 pages
    The Group A Charity Drive held an event that generated $2,540 in sales of t-shirts, Oreo cookies and cream cups, and lemonade. After accounting for the $624 cost of goods sold and $879 in other revenues, the adjusted gross profit was $2,795. Operating expenses for a typhoid injection totaled $295, resulting in a net profit of $2,500 that could be donated to charity.

    Original Description:

    The accounting report for the charity drive

    Copyright

    © © All Rights Reserved

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The Group A Charity Drive held an event that generated $2,540 in sales of t-shirts, Oreo cookies and cream cups, and lemonade. After accounting for the $624 cost of goods sold and $879 in other revenues, the adjusted gross profit was $2,795. Operating expenses for a typhoid injection totaled $295, resulting in a net profit of $2,500 that could be donated to charity.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    20 views2 pages

    Income Statement

    Uploaded by

    LeeJianRu
    The Group A Charity Drive held an event that generated $2,540 in sales of t-shirts, Oreo cookies and cream cups, and lemonade. After accounting for the $624 cost of goods sold and $879 in other revenues, the adjusted gross profit was $2,795. Operating expenses for a typhoid injection totaled $295, resulting in a net profit of $2,500 that could be donated to charity.

    Copyright:

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

    Income Statement of Group A Charity Drive Event

    Revenue
    Sales
    Less: Cost of Goods Sold
    Gross Profit
    Add: Other Revenues
    Adjusted Gross Profit

    $2,540
    $624
    $1,916
    $ 879
    $2,795

    Less: Operating Expenses


    Typhoid Injection
    $295
    Total Operating Expenses
    Net Profit

    $295
    $2,500

    Tees

    Oreo CC

    Lemonade

    S. Price

    $15.00

    $6.00

    $2.00

    Units

    140

    50

    70

    Rev

    $2,100.00

    $300.00

    $140

    Oreo CC
    $1.66

    Lemonade

    C. Price

    Tees
    $3.57

    Units

    140

    50

    70

    $83.00

    $41.30

    Rev

    $500.00

    $0.59

    You might also like