Business Administration 2257 Lecture Notes - Cash Register, Gross Margin, Net Income

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Net sales 533,334$
Cost of goods sold 266,667
Gross margin 266,667$
Operating expenses:
Wages 91,429
Interest 499
Land and building rental 7,895
Repairs and maintenance 831
Utilities 4,831
Cash register rental 1,680
Amortization 4,375
Advertising 44,226
Trade show 2,625
Planting instructions 2,100
Credit card charges 7,460
General and administration 16,667 184,618
Net income 82,049$
Exhibit 1
INCOME STATEMENT
For the year ending December 31, 2004
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