The income statement that you must submit should be appended at the end of your memo.
only do these below, green and bold in word document.
How much is the gross profit margin?
½
How much are marketing expenses (high end)?
½
Create an income statement in good form for the company based on the information given in the video and the following assumptions:
• Founder takes an $80,000 salary
• Other operating costs of $50,000
• Assume a tax rate of 15%.
• Assume no debt. 10