FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Company's inventory records show the following data: A physical irventory on December 31 shows 3700 units on hand Bramble sells the units for $15

image text in transcribed
Bramble Company's inventory records show the following data: A physical irventory on December 31 shows 3700 units on hand Bramble sells the units for $15 exch. The company has an effective tax rate of 20%. Bramble uses the periodic imentory method, if the company lase FifO, what is the gross profit for the period? $158000$154300$159600$152200

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

ISE Managerial Accounting For Manager

ISE Managerial Accounting For Manager

Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison

6th Edition

1265118434, 9781265118433

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is a syndicate? A REIT? A participation certificate?

Answered: 1 week ago

Question

★★★★★
In Problems 1956, solve each system of equations. If the system has no solution, state that it is inconsistent. 2x-3y - z = 0 -x + 2y + 2 = 5 3x - 4y - z = 1 =

Answered: 1 week ago

Question

★★★★★
Let S(t) denote the price of a security at time t. A popular model for the process {S(t), t 0} supposes that the price remains unchanged until a shock occurs, at which time the price is multiplied by...

Answered: 1 week ago

Question

★★★★★
Define the concept of scalability. Explain why it might be a good idea for owners of small businessesand managers in larger businessesto understand this concept.

Answered: 1 week ago

Question

★★★★★
At the beginning of the current year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and placed in service the following assets during the year: Cost Asset...

Answered: 1 week ago

Question

★★★★★
Construct a stem and leaf plot for the data. Do not separate the answers with commas. If there are no leaves, enter "None". 10 11 12 13 14 15 16 17 18 19 None

Answered: 1 week ago

Question

★★★★★
When analyzing the poetry of Marianne Moore, Donald Hall claims that in her view, "The raw material for poetry abounds, it is everywhere, is anything." How does the poetry of Moore and Plath express...

Answered: 1 week ago

Question

★★★★★
An imaginary object moves horizontally. The position-versus-time function represents the object's motion mathematically. Work together with your group, and when you're done or if you get stuck,...

Answered: 1 week ago

Question

★★★★★
Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been...

Answered: 1 week ago

Question

★★★★★
__________ measures the extent to which the distribution of income (or consumption expenditures) among individuals or households within an economy deviates from a perfectly equal distribution. A) The...

Answered: 1 week ago

Question

★★★★★
Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% of...

Answered: 1 week ago

Question

★★★★★
2. Discuss the pros and cons of commissions versus straight pay for salespeople.pg 87

Answered: 1 week ago

Question

★★★★★
1. Discuss the main incentives for individual employees.pg 87

Answered: 1 week ago

Question

★★★★★
3. Name and define the most popular organizationwide incentive plans.pg 87

Answered: 1 week ago

Previous Question Next Question