Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

Financial information is presented below: Operating expenses $ 57000 Sales returns and allowances 3000 Sales discounts 5000 Sales revenue 172000 Cost of goods sold 110000

Financial information is presented below:

Operating expenses	$ 57000
Sales returns and allowances	3000
Sales discounts	5000
Sales revenue	172000
Cost of goods sold	110000

Gross Profit would be

Question 21 options:

$62000

$59000

$65000

$54000.

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

ICSA Study Text In Management Accounting

Authors: Richard Lyall

4th Edition

186072308X, 978-1860723087

More Books

Students also viewed these Accounting questions

Question

★★★★★

Briefly describe each of the components of a formal marketing plan.

Answered: 1 week ago

Question

★★★★★

Identify three types of physicians and their roles in health care.

Answered: 1 week ago

Question

★★★★★

A military aircraft that carries n bombs shoots against a target until the target is destroyed or the aircraft runs out of bombs. The probability a bomb finds the target is p1, while the probability...

Answered: 1 week ago

Question

★★★★★

The following information is available for year 1 for Pepper Products: All depreciation charges are fixed and are expected to remain the same for year 2. Sales volume is expected to fall by 5...

Answered: 1 week ago

Question

★★★★★

In coral, write a program code that reads a list of 1 0 integers, and outputs those integers in reverse. For coding simplicity, follow each output integer by a space, including the last one. Then,...

Answered: 1 week ago

Question

★★★★★

Question 4 (10 points) Saved Ethical and moral views are the reflection of the value system of a particular nation and its culture. In international business, companies must adapt their strategy to...

Answered: 1 week ago

Question

★★★★★

A hedger is short spot and long futures. Today, spot is 4.40 and the June future is 5.00. A bit later, spot goes to 5.00 and the June future goes to 5.10. What has happened to basis in this period?...

Answered: 1 week ago

Question

★★★★★

The EICAS CRTs (cathode ray tubes) are: Group of answer choices Identical Directly powered from the battery bus Cooled by AC-powered fans All the above Only b and c

Answered: 1 week ago

Question

★★★★★

A recruiter asks candidates for a customer service rep position, "Why are you interested in this role?" Which response ( s ) would hurt a candidate's chances of advancing to the next round? Select...

Answered: 1 week ago

Question

★★★★★

You are starting to draw up your plans for the program. You realize that employees are going to have a lot of questions about the change. You cannot get all of the questions handled in all - hands...

Answered: 1 week ago

Question

★★★★★

I need these charts filled in using the information given Instructions Analysis Ledger Trial Balance Greenwald and Mass developed a business and plan to begin by offering clinics for basic outdoor...

Answered: 1 week ago

Question

★★★★★

Within the next three years, is the opposition likely to increase, remain unchanged, or decrease?

Answered: 1 week ago

Question

★★★★★

What changes, if any, are projected for this environment?

Answered: 1 week ago

Question

★★★★★

How have these groups changed within the last three years?

Answered: 1 week ago

Previous Question Next Question