Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

abs records reflect sales of $150,000, at starting inventory of $105,000 and total purchases of $30,000 if ghe groos profit rate on sales is 40%

abs records reflect sales of $150,000, at starting inventory of $105,000 and total purchases of $30,000
if ghe groos profit rate on sales is 40% the estimated cost of ending inventory under the gross profit method will be image text in transcribed
Los registros de ABC reflejan ventas por $150,000, un inventario inicial de $105,000 y un total de compras por $30,000. Si la tasa de margen bruto (gross profit rate) sobre las ventas es 40%, el costo estimado del inventario final bajo el mtodo de margen ganancia bruta ("gross profit method") ser Seleccione una: a. $ 45,000 b. $15,000 c. $90,000 d. $30,000 na anterior Siguiente pgina

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Artificial Intelligence In Accounting Organisational And Ethical Implications

Authors: Othmar M. Lehner, Carina Knoll

1st Edition

1032055626, 9781032055626

More Books

Students also viewed these Accounting questions

Question

Goen sorrashed

Answered: 1 week ago

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago

Question

How can evaluation of LMD become more than an act of faith?

Answered: 1 week ago