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For Each Company, Calculate the Missing Amount

Question 176

Essay

For each company, calculate the missing amount.  Cost of  Company  Sales  Goods  Sold  Gross  Profit  Operating  Expenses  Net  Income  Lennon $8,000( a) $4,000$3,000$1,000 Harrison 9,0003,000 (b) 2,0004,000 MeCartney 8,0003,0005,000 (c) 2,000 Starr 7,0003,0005,0003,000 (d) \begin{array}{l}\begin{array} { l c c r r r } &&\text { Cost of }\\\text { Company } & \text { Sales } & \begin{array} { c } \text { Goods } \\\text { Sold }\end{array} & \begin{array} { l } \text { Gross } \\\text { Profit }\end{array} & \begin{array} { r } \text { Operating } \\\text { Expenses }\end{array} & \begin{array} { c } \text { Net } \\\text { Income }\end{array} \\\text { Lennon } & \$ 8,000 & ( \text { a) } & \$ 4,000 & \$ 3,000 & \$ 1,000 \\\text { Harrison } & 9,000 & 3,000 & \text { (b) } & 2,000 & 4,000 \\\text { MeCartney } & 8,000 & 3,000 & 5,000 & \text { (c) } & 2,000 \\\text { Starr } & 7,000 & 3,000 & 5,000 & 3,000 & \text { (d) }\end{array}\end{array}

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