1.) A company had the following results last period. What is the total cost of g

ID: 2540757 • Letter: 1

Question

1.) A company had the following results last period. What is the total cost of goods sold?

2.) A company had the following results last period. What is the gross profit?

3.) A company had the following results last period. What are the total expenses?

4.) A company had the following results last period. What is the net profit (loss)?

Table 1 Income Statement Data Units sold Unit cost Price Advertising Consumer promotion Personal selling Dealer promotions Product development 150,000 $40.00 $90.00 $1,200,000 $1,600,000 5 salespeople @$80,000 each $1,300,000 $900,000

Explanation / Answer

Income statement

Sale

150000*90

13500000.00

-COGS

150000*40

6000000.00

Gross profit

75,00,000.00

Costs

-Advertisement

12,00,000.00

-promotion

16,00,000.00

-personal selling

80000*5

4,00,000.00

-dealer promotion

13,00,000.00

Net profit

30,00,000.00

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