User Account

All Pages

What is the amount of gross profit

Assignment Help Financial Accounting
Reference no: EM133254038

Problem:

Using the following information, what is the amount of gross profit??

Purchases

$43,000

Merchandise inventory, September 1

6,000

Selling expense

1,350

Merchandise inventory, September 30

7,200

Sales

85,000

Interest expense

1,940

Administrative expense

1,710

Rent revenue

1,900

Reference no: EM133254038

Questions Cloud

What is the patient financial responsibility : You are reviewing AR accounts, the representative from bcbs informs you the patient has a $5,000 deductible which has been met. His total out of pocket maximum
Value of ending inventory using fifo : The following units of an inventory item were available for sale during the year:
Desktop computerised accounting system : What are the key features of a desktop computerised accounting system?
How far will the projectile travel in horizontal direction R : A projectile is fired at ??0=381.0 m/s at an angle of ??=67.2° with respect to the horizontal. How far will the projectile travel in the horizontal direction ??
What is the amount of gross profit : Using the following information, what is the amount of gross profit??
Compute the price of the zero-coupon debt : Compute the price of the zero-coupon debt on Dec. 31, 2040. In addition, find interest expenses and the balance of the debt principal to be reported at the end
How much of her social security payments are taxable : Patty receives $20,000 in social security payments for 2021. She also received $4,000 in interest income. She received no other income for 2021.
Changes in informational technology of the organization : Discuss why digital business transformation is not just about changes in informational technology oof the organization.
Community health needs assessment : Using a community health needs assessment to improve patient care 1. What activity on the part of the hospital raised the question of uncompensated care?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How do find what is the cost of purchase

What is the cost of purchase? On January 7, 2015 Agency A acquired goods for sale for P 100,000, including a P5,000 refundable purchase taxes

  Establish loan amortization schedules

Establish loan amortization schedules for 36-month loan of $8,000 with equal installment payments at the end loans to the nearest cent

  Is chris behaving ethically and why

Who is affected by Chris's decision? You must start a thread before you can read and reply to other threads. Is Chris behaving ethically? Why?

  What is the irr of the investment opportunity

The amount would be 2.8% lower and the annual royalty payments would continue to decline at that rate forever. What is the IRR of this investment opportunity?

  Explain the reason for the decrease in roi between two years

Break down the ROI for Year 7 and Year 8 into profit margin and investment turnover ratios. Explain the reason for the decrease in ROI between the two years using the results from part a.

  Which production functions best represent the operations

Which production functions best represent the operations of the lemonade stand? Suppose that you run a lemonade stand and it takes 2 lemon (L)

  1your accounts payable system generates automated journal

1.your accounts payable system generates automated journal entries each time an invoice is recorded.2.each vendor has

  Compute for the no of days sales in inventory

Cloud Computing Co., Compute for the no. of days sales in inventory for 2017 and 2018, and no. of days in receivables for 2017 and 2018.

  Risks associated with the recognition of emoney

Framework for the Preparation and Presentation of Financial Statements (Conceptual Framework) justify whether Emoney satisfies the definition and recognition criteria of an asset.

  What are the GBP worth in US dollars

If the cash inflow in pounds is 35,000 in one year, what are the 35,000 GBP worth in U.S. dollars after conversion from pounds to dollars

  Prepare a financial analysis that will be used

Qual Support Corporation plans to prepare a financial analysis that will be used in deciding whether or not to close the Denver Cover Plant. Management has asked you to identify.

  How would proceed in each situation

Mimi is the healthcare manager at a physical rehabilitation, How would you proceed in each situation? What information would you want to have, and why?

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