Nash's,LLC's Market recorded the following events involving a recent purchase of inventory:

Received goods for $110000, terms 2/7, n/30.

Returned $2000of the shipment for credit.

Paid $300freight on the shipment.

Paid the invoice within the discount period.

As a result of these events, the company's inventory

increased by $105840.

increased by $106134.

increased by $108300.

increased by $106140.

The collection of a $3000account within the 2 percent discount period will result in a

credit to Cash for $2940.

debit to Accounts Receivable for $2940.

credit to Accounts Receivable for $2940.

debit to Sales Discounts for $60.

Tamarisk, Inc.sells merchandise on account for $7400toCheyenne Corp.with credit terms of 2/15, n/30.Cheyenne Corp.returns $1700of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

$5586

$5700

$7252

$7286

Financial information is presented below:

Operating expenses$52000

Sales returns and allowances3000

Sales discounts9000

Sales revenue174000

Cost of goods sold110000

The amount of net sales on the income statement would be

$171000.

$174000.

$165000.

$162000.

Financial information is presented below:

Operating expenses$63000

Sales returns and allowances4000

Sales discounts7000

Sales revenue190000

Cost of goods sold88000

Gross Profit would be

$102000.

$106000.

$91000.

$98000.

Pharoahhas the following inventory data:

Nov. 1Inventory37units @ $7.40each8Purchase149units @ $8.00each17Purchase74units @ $7.80each25Purchase112units @ $8.20each

A physical count of merchandise inventory on November 30 reveals that there are124units on hand. Ending inventory under FIFO is

$1992.

$970.

$1012.

$1949.

Concords has the following inventory data:

Nov. 1Inventory24units @ $4.80each8Purchase96units @ $5.15each17Purchase48units @ $5.05each25Purchase72units @ $5.30each

A physical count of merchandise inventory on November 30 reveals that there are80units on hand. Cost of goods sold under LIFO is

$830.

$422.

$812.

$404.

Blossom Companyhad the following inventory transactions occur during 2022:

UnitsCost/unitFeb. 1, 2022Purchase127$53Mar. 14, 2022Purchase219$55May 1, 2022Purchase156$58

The company sold361units at $74each and has a tax rate of30%. Assuming that a periodic inventory system is used, and operating expenses of $2124, what is the company's after-tax income using LIFO?

$4944.00

$3460.80

$4267.00

$2986.90