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Paper for FIN/575 Week 4

  • From Business, General Business
  • Due on 18 Nov, 2019 04:20:00
  • Asked On 16 Nov, 2019 03:21:56
  • Due date has already passed, but you can still post solutions.
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Conduct an internet search for an income statement or use the example located in the textbook or use one from your previous assignment.

 

Analyze the revenue and expense items based on information collected from any income statement.  Use an internet search or use the example located in the textbook for the course, or one you used in previous assignments.

 

Write a 350-word essay on the revenue and expense items found on an income statement.

 

Create a Profit and Loss Statement (Income Statement) following the income statement format, using the items given below. 

 

Cost of goods sold                 75,000

Sales                                      100,000

 Commissions expense          5,000

Advertising expense             2,000

Interest expense                    500

Interest Revenues                  5,000

Office Supplies expense         3,500

Gain on sale of assets            3,000

Office equipment expense   2,500

Loss from lawsuit                   1,500

 

 

Format assignment essay portion consistent with APA guidelines.

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