Operating Expenses - $42,000 (HINT: Operating Income - $13,000)
Non-operating income (loss) - ($15,000) (HINT: Income before income taxes - $1,000)
Revenue - $50,000
Revenue - $90,000
Cost of Goods Sold - $35,000 (HINT: Gross Margin - $55,000)
Cost of Goods Sold - $20,000 (HINT: Gross Margin - $30,000)
Net income - $800 (HINT: Income tax expense - $200)
Non-operating income (loss) - $7,000 (HINT: Income before taxes - $20,000)
Revenue - $75,000
Net income - $16,000 (HINT: Income tax expense - $4,000)
Non-operating income (loss) - ($7,000) (Hint: Income before Income taxes - $4,000)
Cost of Goods Sold - $40,000 (HINT: Gross Margin - $35,000)
Operating Expenses - $14,000 (HINT: Operating Income - $16,000)
Operating Expenses - $24,000 (HINT: Operating Income - $11,000)
Net income - $3,200 (HINT: Income tax expense - $800)
Mekhi’s Musicland - income earned after subtracting taxes and all other expenses and losses from revenues and gains.
Lucas' Lemon Bars and Bakery - gains or losses from sources not related to the typical activities of the business or organization
Mekhi's Musicland Logo
Lucas’ Lemon Bars and Bakery - Total cost of creating or selling a product or service
Lucas’ Lemon Bars and Bakery - costs the business incurs to engage in activities not directly associated with the production of goods or services
Mekhi's Musicland - costs the business incurs to engage in activities not directly associated with the production of goods or services
Lucas Lemon Bars and Bakery - income earned after subtracting taxes and all other expenses and losses from revenues and gains.
Mekhi's Musicland - gains or losses from sources not related to the typical activities of the business or organization
Lucas’ Lemon Bars and Bakery - Income Earned
Mekhi's Musicland - Income Earned
Benjamin’s Bicycles - income earned after subtracting taxes and all other expenses and losses from revenues and gains.
Benjamin’s Bicycles - costs the business incurs to engage in activities not directly associated with the production of goods or services
Benjamin's Bicycle Logo
Benjamin’s Bicycles - Total cost of creating or selling a product or service
Benjamin’s Bicycles - Income earned
Lucas' Lemon Bars and Bakery Logo
Benjamin's Bicycles - gains or losses from sources not related to the typical activities of the business or organization
Mekhi's Musicland - Total cost of creating or selling a product or service
