Answered

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The alpine house, incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended march 31:.

Sagot :

From the income statement, it can be deduced that the net profit of Alpine house will be $8000.

How to calculate new profit

From the complete information, the net profit will be calculated thus:

Total sales revenue = $150000

Less: Cost of sales = $90000

Gross profit = $60000

Less: Variable selling expense = $10000

Less: Variable administrative expenses = $2000

Less: Total fixed selling expense = $20000

Less: Total fixed adminstrative expense = $20000

Net profit = $8000

In conclusion, the net profit is $8000.

Learn more about net profit on:

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