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    Profit or Loss Final

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    Anmol Agarwal
    Google Inc. reported net income of $264,967 for 2015 according to its profit and loss statement. The statement shows the company's monthly sales revenues, costs of goods sold, operating expenses and net income. Revenues increased each month peaking at $90,300 in August while expenses such as salaries, rent and advertising fluctuated monthly. After subtracting total operating expenses of $137,467 from gross profit of $438,467, income from operations was $301,001, resulting in net income of $264,967 after accounting for interest and taxes.

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    Profit or Loss Final

    Uploaded by

    Anmol Agarwal
    30 views1 page
    Google Inc. reported net income of $264,967 for 2015 according to its profit and loss statement. The statement shows the company's monthly sales revenues, costs of goods sold, operating expenses and net income. Revenues increased each month peaking at $90,300 in August while expenses such as salaries, rent and advertising fluctuated monthly. After subtracting total operating expenses of $137,467 from gross profit of $438,467, income from operations was $301,001, resulting in net income of $264,967 after accounting for interest and taxes.

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    A SAMPLE PROFIT LOSS STATEMENT OF A COMPANY

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    Google Inc. reported net income of $264,967 for 2015 according to its profit and loss statement. The statement shows the company's monthly sales revenues, costs of goods sold, operating expenses and net income. Revenues increased each month peaking at $90,300 in August while expenses such as salaries, rent and advertising fluctuated monthly. After subtracting total operating expenses of $137,467 from gross profit of $438,467, income from operations was $301,001, resulting in net income of $264,967 after accounting for interest and taxes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    30 views1 page

    Profit or Loss Final

    Uploaded by

    Anmol Agarwal
    Google Inc. reported net income of $264,967 for 2015 according to its profit and loss statement. The statement shows the company's monthly sales revenues, costs of goods sold, operating expenses and net income. Revenues increased each month peaking at $90,300 in August while expenses such as salaries, rent and advertising fluctuated monthly. After subtracting total operating expenses of $137,467 from gross profit of $438,467, income from operations was $301,001, resulting in net income of $264,967 after accounting for interest and taxes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 1

    NET INCOME

    2015 Google Inc.

    $264,967

    PROFIT AND LOSS STATEMENT

    Gross Profit
    Total Operation
    Expenses
    Sales

    Revenue
    Sales
    Sales Returns (Reduction)
    Sales Discounts (Reduction)
    Other Revenue 1
    Net Sales
    Cost of Goods Sold
    Gross Profit

    Operation Expenses
    Salaries & Wages
    Depreciation

    JAN
    $82,000
    0
    (5,000)

    FEB
    $63,098
    (500)
    (5,250)

    MAR
    $55,125
    0
    (5,513)

    APR
    $52,345
    0
    (5,788)

    MAY
    $60,775
    (234)
    (6,078)

    JUN
    $63,814

    JUL
    $72,000

    (5,324)

    (6,700)

    AUG
    $89,000

    SEP
    $71,000

    (300)

    (938)

    (400)

    (231)

    OCT
    $52,345
    0
    (770)

    NOV
    $63,009
    0
    (5,324)

    DEC
    $76,000
    0
    (300)

    YTD
    $800,511
    (1,972)
    (46,678)

    2,000

    233

    5,000

    7,233

    77,000

    57,348

    49,612

    46,557

    54,463

    58,490

    65,300

    90,300

    70,064

    51,575

    57,685

    80,700

    759,094

    20,000

    21,000

    22,050

    23,153

    24,310

    25,526

    26,802

    48,654

    24,464

    24,676

    27,986

    32,007

    $57,000

    $36,348

    $27,562

    $23,405

    $30,153

    $32,964

    $38,498

    $41,646

    $45,600

    $26,899

    $29,699

    $48,693

    JAN
    $7,500

    FEB
    $7,875

    MAR
    $8,269

    APR
    $5,675

    MAY
    $9,116

    JUN
    $9,572

    JUL
    $10,051

    AUG
    $7,853

    SEP
    $7,666

    OCT
    $5,675

    NOV
    $9,116

    DEC
    $6,765

    320,627
    $438,467

    YTD
    $95,133

    500

    525

    551

    579

    608

    638

    670

    567

    656

    579

    608

    556

    7,037

    1,500

    1,575

    1,654

    1,736

    1,823

    1,914

    2,010

    1,679

    1,335

    1,654

    1,823

    1,679

    20,383

    Office Supplies

    475

    499

    524

    550

    577

    606

    637

    688

    644

    524

    577

    577

    6,878

    Utilities

    123

    123

    123

    123

    123

    123

    123

    100

    133

    123

    123

    123

    1,463

    Telephone

    68

    68

    68

    68

    68

    68

    68

    68

    68

    68

    68

    68

    816

    Insurance

    125

    125

    125

    125

    125

    125

    125

    125

    125

    125

    125

    125

    1,500

    Maintenance

    100

    105

    110

    116

    122

    128

    134

    123

    133

    116

    100

    134

    1,420

    Advertising

    200

    210

    221

    232

    243

    255

    268

    246

    275

    232

    200

    256

    2,837

    $10,591

    $11,105

    $11,644

    $9,203

    $12,805

    $13,430

    $14,085

    $11,449

    $11,035

    $9,095

    $12,741

    $10,283

    $137,467

    46,409

    25,243

    15,918

    14,201

    17,348

    19,535

    24,413

    30,197

    34,565

    17,804

    16,958

    38,410

    301,001

    Rent

    Travel

    Total Operation Expenses


    Income From Operations
    Interest Income (Expense)
    Income Before Income Taxes
    Income Tax Expense
    Net Income

    (100)
    46,309

    (105)
    25,138

    (110)
    15,808

    (116)
    14,085

    (122)
    17,226

    (128)
    19,407

    (134)
    24,279

    (121)
    30,076

    (131)
    34,434

    (128)
    17,677

    (110)
    16,848

    (130)
    38,280

    (1,434)
    299,567

    2,400

    2,500

    2,600

    2,700

    2,900

    3,000

    3,200

    3,000

    3,500

    3,200

    2,200

    3,400

    34,600

    $43,909

    $22,638

    $13,208

    $11,385

    $14,326

    $16,407

    $21,079

    $27,076

    $30,934

    $14,477

    $14,648

    $34,880

    $264,967

    Net Income

    Page 1 of 1

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