Computations
Additional Calculations
A. (Before Bonuses & Income Taxes)-Operating Profit Plus After Net Additions and Deductions from Income.
|
Operating Profit or Loss |
$52,000 |
|
Plus Net Additions or Less Deductions |
+$11,200 |
|
Net Profit or Loss Before Bonuses & Income Taxes |
$63,200 |
B. (Before Taxes)-Same as (A) above minus Bonuses.
|
Operating Profit or Loss |
$52,000 |
|
Plus Net Additions or Less Deductions |
+$11,200 |
|
Minus Bonuses |
- $14,000 |
|
Net Profit or Loss - Before Income Taxes |
$49,200 |
C. (After Income Taxes)-Same as (B) above minus Income Taxes.
|
Operating Profit or Loss |
$52,000 |
|
Plus Net Additions or Less Deductions |
+ $11,200 |
|
Minus Bonuses |
- $14,000 |
|
Minus Income Taxes |
- $15,000 |
|
Net Profit or Loss After Bonuses & Income Taxes |
$34,200 |
D. (Gross Profit)-Sales less cost of goods and labor sold.
|
Sales |
$8,950,000 |
|
Less Cost of Goods & Labor Sold |
$8,050,000 |
|
Gross Profit |
$900,000 |