# Financial accounting

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I'm lost on how to do calculate revenues, expenses, and income. Can anyone tell me how to do this? I am a student online at Axia. HELP!!!!!!

• Financial accounting -

Do you see any examples of these calculations?

If you can't find this information in your text, please ask your Axia instructor for help. S/he is the best person to direct you.

• Financial accounting -

That is the problem, there is no examples and the instructor(he) says he can not give any examples. Here is what I have to work with
a b c d
Sales \$60,000 \$42,500 \$36,000 ?
Cost of
goods sold
Merchandise 6,000 17,050 7,500 7,000
inventory(begin)
Total cost
of purchase36,000 ? ? 32,000
Mer. invent.
(ending) ? (2,700)(9,000)(6,600
Cost of
goods sold 34,050 15,900 ? ?
Gross Profit ? ? 3,750 45,600
Expenses 9,000 10,650 12,150 2,600
Net income
(loss) ? \$15,950\$(8,400)\$43,000

• Financial accounting -

If neither your text nor your instructor has given you any examples for calculating these items, then you're faced with a nearly impossible situation. Any good educational program provides examples.

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