Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 02, 2021

Calculate gross profit for Jonas Co. based on the data given below: Sales $835,000 Selling Expenses 52,500 Cost of Merchandise Sold 476,000 Sales Discounts 7,100

Calculate gross profit for Jonas Co. based on the data given below:

Sales $835,000

Selling Expenses 52,500

Cost of Merchandise Sold 476,000

Sales Discounts 7,100

Sales Returns and Allowances 3,650

$753,250

162,750

215,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Net Sale 764000 3650 7100 Net Sale 753250 Gross Profit Net Sale ... 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

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

Chemistry The Central Science

Authors: Theodore Brown, Eugene LeMay, Bruce Bursten, Catherine Murphy, Patrick Woodward

12th edition

321696727, 978-0132175081, 978-0321696724

More Books

Students also viewed these Accounting questions

Question

★★★★★

Based on the data given in Table 13.4, which solution would give the larger freezing-point lowering, a 0.030 m solution of NaCl or a 0.020 m solution of K2SO4? How do you explain the departure from...

Answered: 1 week ago

Question

★★★★★

Calculate the gross profit that an underwriter would make if it sold $10 million worth of bonds at par (face value) and paid the firm that sold the bonds 99.25% of par.

Answered: 1 week ago

Question

★★★★★

Calculate the gross profit that an underwriter would make if it sold $10 million worth of bonds at par (face value) and paid the firm that sold the bonds 99.25% of par.

Answered: 1 week ago

Question

★★★★★

The California State Auditors Office assesses the fiscal health of the states cities and posts the information on Fiscal Health of California Cities (www.auditor.ca.gov/ bsa/cities_risk_index). The...

Answered: 1 week ago

Question

★★★★★

If the maximum power density radiated by a half-wave dipole is 50 (W/m2) at a range of 1 km, what is the current amplitude I0?

Answered: 1 week ago

Question

★★★★★

A steady combustion of natural gas yields 0.15 kg/s of products (having approximately the same properties as air) at 1100C, 100 kPa. The products are passed through a heat exchanger and exit at 550C....

Answered: 1 week ago

Question

★★★★★

2. Keep the class library stocked with books that connect to students interests and hobbies.

Answered: 1 week ago

Question

★★★★★

On January 1, 2010, Travers Company acquired 90 percent of Yarrow Companys outstanding stock for $720,000. The 10 percent noncontrolling interest had an assessed fair value of $80,000 on that date....

Answered: 1 week ago

Question

★★★★★

Round to 0 decimal places Item Prior year Current year Accounts payable 8.110.00 7.743.00 Accounts receivable 6,018.00 6,577.00 Accruals 1,045.00 1,362.00 Cash 772 ??? Common Stock 10,215,00...

Answered: 1 week ago

Question

★★★★★

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★

In 2017 there is suddenly a health craze and more and more people are seeking vitamins and/or other health foods to stay fit and healthy You and your best friend (Julie) decide to take advantage of...

Answered: 1 week ago

Question

★★★★★

4. The exit gas from an alcohol fermenter is an air-CO mixture containing 10 mol% CO that is to be absorbed in a 5.0 M triethanolamine (TEA) solution containing 0.020 mol CO2/mol TEA. The column...

Answered: 1 week ago

Question

★★★★★

An aluminum foil manufacturer wants to improve the quality of his product and is trying to develop a probability model for the flaws that occur in a sheet of foil. Assume that X, the number of flaws...

Answered: 1 week ago

Question

★★★★★

The temperature T = T(x,y) in C at point (x,y) satisfies Tx (1,2)=4 and Ty (1,2)=-8. If 4t-4 x = e t=1 sec. cm and y = 2 + In t cm, find the rate at which the temperature T changes when When t = 1...

Answered: 1 week ago

Question

★★★★★

Exercise: Let f(x) = 8x-4 - (a) Plot the graph of f(x) and f'(x). (b) Identify the points where f(x) is not differen- tiable..

Answered: 1 week ago

Question

★★★★★

. Straight rankings . Paired comparisons . Forced distribution Critical incident method

Answered: 1 week ago

Question

★★★★★

A company produces two products, Product A, which sells for $1,200 per unit, and Product B, which sells for $2,400 per unit, using three different activities: Design, which uses engineering hours as...

Answered: 1 week ago

Question

★★★★★

Which should drive action planning more, strengths or weaknesses? That is, is it more important to build on your strengths or to reduce your weaknesses? Explain.

Answered: 1 week ago

Question

★★★★★

Serotonin is a compound that conducts nerve impulses in the brain. It contains 68.2 mass percent C, 6.86 mass percent H, 15.9 mass percent N, and 9.08 mass percent O. Its molar mass is 176 g/mol....

Answered: 1 week ago

Question

★★★★★

Carbon forms an unusual unstable oxide of formula C3O2, called carbon suboxide. Carbon suboxide is made by using P2O5 to dehydrate the dicarboxylic acid called malonic acid, which has the formula...

Answered: 1 week ago

Question

★★★★★

Account for the following observations: (a) H3PO3 is a diprotic acid. (b) Nitric acid is a strong acid, whereas phosphoric acid is weak. (c) Phosphate rock is ineffective as a phosphate fertilizer....

Answered: 1 week ago

Question

★★★★★

When a corporation's S election is terminated mid-year, what options does the corporation have for allocating the annual income between the S corporation short year and the C corporation short year?

Answered: 1 week ago

Question

★★★★★

Describe the circumstances in which an S election may be involuntarily terminated.

Answered: 1 week ago

Question

★★★★★

Describe a situation in which a former C corporation that elected to be taxed as an S corporation may have its S election automatically terminated, but a similarly situated corporation that has...

Answered: 1 week ago

Previous Question Next Question