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Department
Business Administration
Course
Business Administration 1220E
Professor
Sean Burkett
Semester
Fall

Description
AMM BEACH PARAPHERNALIA INC Statement of Earnings (000's) for the year ending June 30, 2000 Gross Sales $ 2,318.00 Sales Returns & Allowances 114 Net Sales $ 2,204.00 Cost of Goods Sold: Beginning Inventory, June 30, 1999 $ 390.00 Plus: Purchases (net) $ 1,316.00 Cost of goods available for sale $ 1,706.00 Less: Inventory, June 30, 2000 $ 442.00 Cost of Goods Sold $ 1,264.00 Gross Income $ 940.00 Operating Expenses: Office Expenses $ 127.50 Selling Expenses $ 13.00 Salaries & Wages $ 149.00 Amortization Expenses $ 10.00 Total Operating Expenses $ 299.50 Other Expenses $ 22.00 Net Earnings Before Tax $ 618.50 Tax $ 176.60 Net Earnings for the year, June 30, 2000 $ 441.90 AMM BEACH PARAPHERNALIA INC Statement of Retained Earnings for the year ending June 30, 2000 Retained Earnings June 30, 1999 $ 244.60 Net Earnings for the year,June 30, 2000 $ 441.90 Total Retained Earnings: $ 686.50 Less: Dividends $ 36.00 Retained Earnings, June 30, 2000 $ 650.50 AMM BEACH PARAPHERNALIA INC Balance Sheet as at June 30, 2000 Assets Current Assets: Cash $ 45.00
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