Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Inahcial information is presented below: Operating expenses $45,000 Sales returns and allowances 3,000 Sales discounts 7,000 Sales revenue 160,000 Cost of goods sold 86,000 Gross

Inahcial information is presented below: Operating expenses $45,000 Sales returns and allowances 3,000 Sales discounts 7,000 Sales revenue 160,000 Cost of goods sold 86,000 Gross proft would be: $61,000. $54,000. $67,000. $64,000. $54,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

28. The pmf for X the number of major defects on a randomly selected appliance of a certain type is x 0 1 2 3 4 p(x) .08 .15 .45 .27 .05 Compute the following: a. E(X) b. V(X) directly from the de...

Answered: 1 week ago

Question

★★★★★

During 2015, Kent, a 40-year-old single taxpayer, reports the following items of income and expense: Income: Salary ...$150,000 Dividends from Alta Corporation ... 800 Interest income from a savings...

Answered: 1 week ago

Question

★★★★★

Grouper Corp. uses a perpetual inventory system. Data for product E2-D2 includes the following purchases. On June 1, Grouper, sold 24 units, and on August 27, 36 more units. (a) Your answer is...

Answered: 1 week ago

Question

★★★★★

When the level of activity decreases, variable costs will:A - increase per unit.B - increase in total.C - decrease in total.D - decrease per unit

Answered: 1 week ago

Question

★★★★★

1. What does the paid for version of Vivado do that the WebPack can t do? ' 2. What is the tool that Altera (Intel) FPGAs use? How does it compare to Vivado? 3. What are the key differences between...

Answered: 1 week ago

Question

★★★★★

2. (Taylor series/polynomials) Find the Taylor series or polynomials generated by the following functions: i. f(x)=, centred at x = 4, of order 3 ii. f(x)cosh x = e+e 2 centred at x = 0 " = /4 iii....

Answered: 1 week ago

Question

★★★★★

Which health information exchange is occurring within the community, region, or New Jersey? Who are the key players? To what extent information is being exchanged for patient care purposes? What...

Answered: 1 week ago

Question

★★★★★

4.1. The following table represents data of a project you are working on: Activity Predecessor Most optimistic Most likely Most pessimistic Time in days A _ 4 8 24 B _ 3 10 11 C _ 6 12 24 D A;B 9 14...

Answered: 1 week ago

Question

★★★★★

A capacitor of capacitance C with an initial voltage Vo is discharged through a resistor of resistance R by closing a switch at time t = 0. It can be shown that the voltage across the discharging...

Answered: 1 week ago

Previous Question Next Question