Question - Calculate gross profit

Assignment Help Accounting Basics
Reference no: EM132626862

Question - Calculate gross profit

A business has sales of $455,000, purchases of $225,000, a beginning inventory of $150,000 and an ending inventory of $118,000.

a) $257,000

b) $75,000

c) $230,000

d) $198,000

Reference no: EM132626862

Questions Cloud

Data quality for data mining techniques : Discuss the importance of preprocessing the datasets to ensure better data quality for data mining techniques.
Sampling to reduce number of data objects : Discuss the advantages and disadvantages of using sampling to reduce the number of data objects that need to be displayed.
What is the value of cost of goods sold : A company had purchases and sales during its first month of operations: Using the Periodic weighted average method, what is the value of cost of goods sold
Business continuity and disaster recovery plans : It is important to have backup tools, processes, and policies for both business continuity and disaster recovery plans.
Question - Calculate gross profit : Question - Calculate gross profit - A business has sales of $455,000, purchases of $225,000, a beginning inventory of $150,000 and ending inventory of $118,000
Calculate the amount of annual depreciation to be charged : Machinery is purchased for $140 000. Using the straight-line method, calculate the amount of annual depreciation to be charged
Process of developing bayesian networks model : What is the relationship between Naïve Bayes and Bayesian networks? What is the process of developing a Bayesian networks model?
Understand importance of information security policies : Understand the importance of information security policies and the role they play in business activities to ensure sound, secure information.
Question - Calculate Profit : If equity at the beginning of the period is $35,000 and at the end of the period is $56,000 and $20,000 is withdrawn, Calculate Profit

Reviews

Write a Review

Accounting Basics Questions & Answers

  Total direct labor hours budgeted for particular month

Overhead Budget, Flexible Budget Spelzig Company manufactures radio-controlled toy cars. Spelzig has developed the following flexible budget for overhead.

  Discuss the pros and cons of financial statement analysis

Discuss the pros and cons of these methods of financial statement analysis: ratio analysis, vertical analysis, and horizontal analysis

  What values are implicated in the decision

Identify two alternatives for recording the probable loss. Evaluate each alternative in terms of values, positive consequences, and negative consequences.

  What is the minimum price per visit iha using marginal cost

Now assume the market price per visit is $45 and IHA is a price taker. What target average cost per visit must IHA achieve to earn a profit of $50,000? Is the target cost higher or lower than their current average cost per visit?

  Write the comment on given problem related to accounting

Please comment on the following post: "The IASB is currently considering improvements to the goodwill and impairment provision of IAS 36, Impairment of Assets.

  Helen needs materials for her building business she

helen needs materials for her building business. she estimates her usage for the next four month will be 62700 in

  Compute gross profit using the perpetual system

Chippewas Company sells one product. Presented below is information for January for the Chippewas Company. Compute gross profit using the perpetual system

  We offer a focused menu of high-quality value priced pizza

we offer a focused menu of high-quality value priced pizza with three types of crust hand-tossed thin crust and deep

  What is the tax on her taxable income

The net long-term capital gain is made up of $1,000 25% gain and $2,000 0%/15%/20% gain. What is the tax on her taxable income

  Diamond-125 per mo 75 discount for first three months

diamond-125 per mo. 75 discount for first three months platinum 100 per mo. 50 disocunt first three mo gold 90 a mo

  Calculate the projected misstatement

Williams, CPA intends to use probability-proportional-to-size sampling. He has properly selected and audited a sample of 100 accounts receivable from his client's population of 3000 accounts. He calculated a sampling interval of $5,000 and the tol..

  Find the balance of the savings account

develop java application to find the balance of the savings account after the end of year - Write an application with three labeled text fields, one each for the initial amount of a savings account, the annual interest rate, and the number of years..

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!

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