Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 31, 2024

During the current year, merchandise is sold for $745000. The cost of the merchandise sold is $414000. What is the amount of the gross profit?

During the current year, merchandise is sold for $745000. The cost of the merchandise sold is $414000.

What is the amount of the gross profit?

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

Internal Control Anti Fraud Program Design For The Small Business

Authors: Steve Dawson

1st Edition

1119065070, 978-1119065074

More Books

Students also viewed these Accounting questions

Question

★★★★★

Fionnula Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold. Fionnula Co. uses a periodic inventory system. Its records show the...

Answered: 1 week ago

Question

★★★★★

Refer to Problem 3. Suppose Home is a small exporter of wheat. At the world price of $100 per ton, Home growers export 20 tons. But rather than an export subsidy, suppose the Home government provides...

Answered: 1 week ago

Question

★★★★★

=+13.8. A real function f on the line is upper semicontinuous at x if for each there is a 8 such that |x -y| Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

The graph of v = f(x) is given. Match each equation with its graph and give reasons for your choices. (a) y = f (x - 4) (b) y = f (x) + 3 (c) y = 1/3 f(x) (d) y = - f (x + 4) (e) y = 2f(x + 6) en

Answered: 1 week ago

Question

★★★★★

DATABASE DESIGN PROBLEMS: NOTE*: Show me the right answers please. Read carefully and full answers will be greatly rated. Thanks!!! ============ Question: For each of the descriptions below and using...

Answered: 1 week ago

Question

★★★★★

Brazil Company reported net income of $200,000 for 2017. Brazil also reported depreciation expense of $45,000 and a loss of $5,000 on the disposal of equipment. The comparative balance sheet shows an...

Answered: 1 week ago

Question

★★★★★

Examine managing a firearms business from a potentially challenging scenario: Managing a firearms business during a national tragedy, more specifically, during a national tragedy involving a mass...

Answered: 1 week ago

Question

★★★★★

Imagine you want to air an advertisement on TV . The options are morning or afternoon. The media agency claims that the advertisement will have same effectiveness regardless of the time. The...

Answered: 1 week ago

Question

★★★★★

An existing office in Kariakoo currently sells goods for Tshs 100 per unit. The variable cost is Tshs 40 per unit, and 20,000units are sold annually and a profit of Tshs 300,000 is available...

Answered: 1 week ago

Question

★★★★★

1 In MS SQL we can calculate the email address for our vendor contacts IF the vendor has their email domain value provided in the VendorUpdates_20230107 table (not all of them do!). Email addresses...

Answered: 1 week ago

Question

★★★★★

Which brand, if any, emerged as the favorite? How did you determine this? 2 . Is the favorite generally a popular brand, or were you surprised by the winner? 3 . If a consumer had a favorite before...

Answered: 1 week ago

Question

★★★★★

2. I reject the harm than can result from reacting emotionally when I am upset and getting angry or feeling battered.

Answered: 1 week ago

Question

★★★★★

7. What decisions would you make as the city manager?

Answered: 1 week ago

Question

★★★★★

8. How would you explain your decisions to the city council?

Answered: 1 week ago

Previous Question Next Question