PROBLEM 3 For each of the following, determine the missing amounts Sales COGS Gross Profit Operating Expenses Net income 1. P100,000 P25,000 P10,000 2. P95,000 P120,000 P80,000 Answers: 1. COGS, ;...

MERCHANDISING TRANSACTIONS

PROBLEM 3 For each of the following, determine the missing amounts<br>Sales<br>COGS<br>Gross Profit<br>Operating Expenses<br>Net income<br>1. P100,000<br>P25,000<br>P10,000<br>2.<br>P95,000<br>P120,000<br>P80,000<br>Answers:<br>1. COGS,<br>; Gross profit,<br>2. Sales,<br>; Operating expenses,<br>

Extracted text: PROBLEM 3 For each of the following, determine the missing amounts Sales COGS Gross Profit Operating Expenses Net income 1. P100,000 P25,000 P10,000 2. P95,000 P120,000 P80,000 Answers: 1. COGS, ; Gross profit, 2. Sales, ; Operating expenses,

Jun 10, 2022

SOLUTION.PDF

PROBLEM 3 For each of the following, determine the missing amounts Sales COGS Gross Profit Operating Expenses Net income 1. P100,000 P25,000 P10,000 2. P95,000 P120,000 P80,000 Answers: 1. COGS, ;...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment