User Account

All Pages

How much are net sales for Alpha Company

Assignment Help Accounting Basics
Reference no: EM132530212

Question - Alpha Company provided the following data concerning its income statement: sales, $1,000,000; purchases, $400,000; beginning inventory, $250,000; ending inventory, $275,000; operating expenses, $95,000; freight-in, $5,000; sales discounts, $20,000; purchases discounts, $15,000; sales returns & allowances, $120,000; and purchases returns & allowances, $45,000. The data are complete and provide the basis for preparation of an income statement.

Required -

a. How much are net sales for Alpha Company?

b. How much is cost of goods sold?

c. How much is net income?

Reference no: EM132530212

Questions Cloud

What is your attitude about seeking professional help : What is your attitude about seeking professional help. What methods would you implement to eliminate the negative stereotypes and encourage these services when.
Why gloria should wish to engage in budgeting and planning : Advise the company of the implications associated with a budgetary approach in which budgetary data are imposed on managers
Compute the contribution margin for parts division : Compute the contribution margin for Parts Division, Machines Division, and Global Tronics, Inc. associated with the sale of Part Z35 and Model SC20.
Management and organizational behavior : Describe the 6 steps involved in the fundamentals of planning. Describe the 6 steps involved in the strategic planning.
How much are net sales for Alpha Company : Alpha Company provided the following data concerning its income statement: sales, $1,000,000; How much are net sales for Alpha Company
Blockchain technology : Industry experts believe blockchain is a technology that has the potential to affect the business of most IT professionals in the next five years.
How would be income statement budget of coca cola created : How would be income statement budget of Coca Cola would be created starting with sales budget through selling and administrative expences budget?
How many units of Product A must be produced : On November 1, Barnes Corporation has 11,050 units of Product A on hand. How many units of Product A must be produced
Determine the variable cost per unit and total fixed costs : Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. determine the total fixed costs.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd