Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 05, 2024

Bremmer uses a periodic inventory system and the following information is available: Sales $ 230,400 Inventory-Beginning 21,200 Inventory-Ending 19,800 Purchases 132,200 What is the gross

Bremmer uses a periodic inventory system and the following information is available:


Sales	$	230,400
Inventory-Beginning		21,200
Inventory-Ending		19,800
Purchases		132,200

What is the gross profit?

Select one:

a. $96,800

b. $133,600

c. $132,200

d. $230,400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Advanced Financial Accounting

Authors: Theodore E. Christensen, David M. Cottrell, Cassy Budd

13th International Edition

1265042616, 9781265042615

More Books

Students also viewed these Accounting questions

Question

★★★★★

Calculate the following: a. The first year of depreciation on a residential rental building costing $200,000 purchased June 2, 2016. b. The second year of depreciation on a computer costing $1,500...

Answered: 1 week ago

Question

★★★★★

One study used a convenience sample drawn from clients utilizing two community-based obstetric offices in an area with lower socioeconomic status. The sample was drawn largely from the community...

Answered: 1 week ago

Question

★★★★★

Develop five design options for a hypothetical single-case study: phase change (withdrawal, reversal, ABAB), changing criterion, alternating-treatment, multiplebaseline (across people, situations,...

Answered: 1 week ago

Question

★★★★★

Why do better decision regarding the purchasing and managing of goods for sale frequently cause dramatic percentage increases in net income?

Answered: 1 week ago

Question

★★★★★

As a result of a slowdown in operations. Tradewind Stores is offering employees who have been terminated a severance package of $98,000 cash paid today. $98,000 to be paid in one year and an annuity...

Answered: 1 week ago

Question

★★★★★

The Company uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1.000 account of a customer. C. Green. On March 9. it receives a $500 payment from Green 1....

Answered: 1 week ago

Question

★★★★★

Cash flow analysis. Kary Kinnard has an opportunity to open a franchised pizza outlet. He can lease the building, so he needs to invest only in equipment, which he estimates will cost $60,000. For...

Answered: 1 week ago

Question

★★★★★

an. c. Musk does not want to have to meet all the requirements necessary for a public stock offering. Which exemption from the public offering registration requirements of the Securities Act of 1933...

Answered: 1 week ago

Question

★★★★★

Melissa is the HR manager at a multinational corporation. She is currently developing a new code of conduct for the company, which will be applied across all global offices. Melissa wants to ensure...

Answered: 1 week ago

Question

★★★★★

Discuss what attributes/qualities/skills an operations manager has to have in this role (operations manager) to be effective and successful in the organization.

Answered: 1 week ago

Question

★★★★★

What are the operational Supply Chain Management strategies and practices of the Goodman Fielder Fiji International Company

Answered: 1 week ago

Question

★★★★★

Redford Williams, M.D., and Virginia Williams, Ph.D. (1993). Anger kills: Seventeen strategies for controlling the hostility that can harm your health. New York: HarperPerennial. This is veryreadable...

Answered: 1 week ago

Question

★★★★★

Clicking on WebLink 7.3 will take you to the Powerful Non-Defensive Communication site, which offers exercises to assess and improve your skill in creating supportive communication climates.

Answered: 1 week ago

Question

★★★★★

How often do you use exit, voice, loyalty, and neglect responses to confl ict? What are the effects?

Answered: 1 week ago

Previous Question Next Question