Develop the following exercises. You must present them using the basic state for

Question

Develop the following exercises. You must present them using the basic state format financial request. You can use the models provided by the teacher and found on platform. 1The company Muebles de Aluminio, SA, has registered the following operations to develop its Statement of income for the period from January 1 to November 30, 200x Financial products $ 5,000 Other products 2,380 G Administration expenses 39,400 Returns on sales 3,200 Cost of sales 95,700 Sales 258,000 Other expenses 3,100 Selling expenses 61,900 Income tax 16,400 Discounts on sales 4,800 Financial expenses 2,900 It is requested to prepare the Income Statement

Explanation / Answer

Muebles de Aluminio Income Statement For the year ended November 30, 200X $ $ Sales revenue 258000 Discount on sales -4800 Sales return and allowances -3200 Net Sales 250000 Cost of goods sold 95700 Gross margin 154300 Expenses: Administration expenses 39400 Other expenses 3100 Selling expenses 61900 Financial expenses 2900 Total expenses 107300 Income before taxes 47000 Income tax expenses 16400 Net Income 30600

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