Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

If net sales are $390,000. cost of goods available for sale is $340,000, and gross profit percentage is 35% What is the amount of ending

If net sales are $390,000. cost of goods available for sale is $340,000, and gross profit percentage is 35% What is the amount of ending inventory? Ending inventory

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

MRA/HCC Chart Review And Documentation Guide A Brief Step By Step Guide On Chart Audits For Optimal Risk Adjustment Captures

Authors: The Coders Choice LLC

1st Edition

1698476965, 978-1698476964

Students also viewed these Accounting questions

Question

★★★★★

Rachael Moulton and Bobby Lagg recently graduated from the same university. After graduation they decided not to seek jobs in established organizations but to start their own small business. They...

Answered: 1 week ago

Question

★★★★★

Nimby Corporation is considering two mutually exclusive projects: Delphi and Oracle. The possible NPVs for each project and their associated probabilities are as follows: Required: (a) Calculate the...

Answered: 1 week ago

Question

★★★★★

(Appendix) Dave, age 58, is the owner of a small firm that sells window blinds and cleans carpets. The company provides health insurance for seven employees. The wife of one employee has breast...

Answered: 1 week ago

Question

★★★★★

Shallow Waters Company was started several years ago by two diving instructors. The companys comparative balance sheets and income statement are presented below, along with additional information....

Answered: 1 week ago

Question

★★★★★

Travis is researching a controversial topic and wants to use a website he found as an information source. Which of the following is a sign that the website is not a worthwhil resource? The author is...

Answered: 1 week ago

Question

★★★★★

The following projects are available for investment: Project A: Initial outlay: $50,000 Annual cash inflow: $15,000 for 5 years Project B: Initial outlay: $60,000 Annual cash inflow: $18,000 for 5...

Answered: 1 week ago

Question

★★★★★

An owner of a growing medical practice is interested in hiring a physician employee to help with the workload. What representations and warranties should be included in the physician's employment...

Answered: 1 week ago

Question

★★★★★

20.Rene and Sebastian, who are bitter enemies, engaged in a gunfight. In the ensuing battle, Rene killed Sebastian with a shot to the head. In the criminal case for Murder filed against Rene, the...

Answered: 1 week ago

Question

★★★★★

The premise of this estimating technique in construction, industrial, and process projects is that there is a linear relationship between the cost and duration of the project and one or more of the...

Answered: 1 week ago

Question

★★★★★

A car manufacturer incurs the following costs. Classify each cost as either a product or period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a...

Answered: 1 week ago

Question

★★★★★

Try to determine the required rate of return on king farm corporation's common stock. The firm's beta is 1.82. The rate on a 10-year Treasury bond is 3.63 percent, and the market risk premium is 6.53...

Answered: 1 week ago

Question

★★★★★

Identify conflict triggers in yourself and others

Answered: 1 week ago

Question

★★★★★

3. As a new romantic relationship begins, keep a journal of the communication events that occur. In this journal, indicate the stage you perceive the relationship to be in (based on the stages in...

Answered: 1 week ago

Question

★★★★★

2. Consider a romantic relationship that has ended. Using the stages outlined in this chapter, create a time line of the relationship. Include significant communication episodes that encouraged the...

Answered: 1 week ago

Previous Question Next Question