Home Restoration Outlet Ltd. Financial Statements Sample
6 views 0 purchase
Course
BMBA100 (BMBA)
Institution
University Of Victoria (UVic
)
The financial statements for Home Restoration Outlet Ltd. provide a clear and comprehensive overview of the company’s financial position, performance, balance sheet, income statement, to assess overall financial health and operational effectiveness.
Home Restoration Outlet Ltd.
Income Statement
For Year ending December 31, 2005
Sales revenue 2,409.00
Cost of goods sold
Inventory, December 2004 425.00
Purchases 1,304.00
Inventory, December 2005 (310.00)
Total COGS 1,419.00
Gross profit 990.00
Operating expenses
Selling expenses 482.00
General and Admin 215.00
Depreciation 23.00 720.00
Operating income 270.00
Other expenses, interest 20.00
Income before income tax 250.00
Income tax expense (50%) 125.00
Net income $ 125.00
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller arjaymanuzon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.46. You're not tied to anything after your purchase.