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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

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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Alyssa Mabalot
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29 views1 page

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

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.

Uploaded by

Alyssa Mabalot
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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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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