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    Sales 504000 1008000 Less: Cost of Sales 201600 302400 Gross Profit 302400 705600 Less: Operating Expenses 90720 221760 Net Income 211680 483840

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    Alyssa Mabalot
    CB Coffee Shop had sales of $504,000 with cost of sales of $201,600 and operating expenses of $90,720, resulting in net income of $211,680. S Coffee Shop had higher sales of $1,008,000, and correspondingly higher cost of sales of $302,400 and operating expenses of $221,760, giving it a larger net income of $483,840.

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    Sales 504000 1008000 Less: Cost of Sales 201600 302400 Gross Profit 302400 705600 Less: Operating Expenses 90720 221760 Net Income 211680 483840

    Uploaded by

    Alyssa Mabalot
    5 views1 page
    CB Coffee Shop had sales of $504,000 with cost of sales of $201,600 and operating expenses of $90,720, resulting in net income of $211,680. S Coffee Shop had higher sales of $1,008,000, and correspondingly higher cost of sales of $302,400 and operating expenses of $221,760, giving it a larger net income of $483,840.

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    ACCOUNTING

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    CB Coffee Shop had sales of $504,000 with cost of sales of $201,600 and operating expenses of $90,720, resulting in net income of $211,680. S Coffee Shop had higher sales of $1,008,000, and correspondingly higher cost of sales of $302,400 and operating expenses of $221,760, giving it a larger net income of $483,840.

    Copyright:

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

    Sales 504000 1008000 Less: Cost of Sales 201600 302400 Gross Profit 302400 705600 Less: Operating Expenses 90720 221760 Net Income 211680 483840

    Uploaded by

    Alyssa Mabalot
    CB Coffee Shop had sales of $504,000 with cost of sales of $201,600 and operating expenses of $90,720, resulting in net income of $211,680. S Coffee Shop had higher sales of $1,008,000, and correspondingly higher cost of sales of $302,400 and operating expenses of $221,760, giving it a larger net income of $483,840.

    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 1

    CB Coffee Shop S Coffee Shop

    SALES 504000 1008000


    LESS: COST OF SALES 201600 302400
    GROSS PROFIT 302400 705600
    LESS: OPERATING EXPENSES 90720 221760
    NET INCOME 211680 483840

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