four accounting questions posted

Calculate income from operations for Jonas Company based on the following data: $764,000 52,500 538,000 Sales Operating expenses Cost of merchandise sold a $485,500 b.$226,000 c. $711,500 d.$173,500 When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a A. debit to Sales; a credit to Accounts Payable B. debit to Merchandise Inventory; a credit to Cash C. debit to Cash; a credit to Sales D. debit to Cash; a credit to Merchandise Inventory The primary objectives of control over Inventory are ! A reporting inventory in the financial statements B. safeguarding the inventory from damage and maintaining constant observation of the inventory C. maintaining constant observation of the inventory and reporting inventory in the financial statements D. safeguarding inventory from damage and reporting inventory in the financial statements The following units of an inventory item were available for sale during the year: Beginning inventory 10 units at $51 First purchase 16 units at $50 Second purchase 22 units at $20 Third purchase 18 units at $59 The firm uses the periodic inventory system. During the year, 24 units of the item were sold. The value of ending inventory rounded to nearest dollar using average cost is: (Round average cost per unit to three decimal place.) A. $1,182 B. $1.789 C. $1,224 D. $1,210 Focus States)