User Account

All Pages

What is the gross profit

Assignment Help Accounting Basics
Reference no: EM132608038

Question - Guten Morgen Cereals Inc had sales of $500,202. Cost of goods sold was $143,004. What is the gross profit?

a. $357188

b. $357188

c. None of these

d. $357189

Reference no: EM132608038

Questions Cloud

Practice in relationship building skills of trust : What characteristics is good to practice in relationship building skills of trust, mutual respect, mindfulness, diversity and inclusion and open communication?
Record of reflections about your own experiences : The journal is a record of reflections about your own experiences, attitudes, opinions, and feelings in relation to the material
What is nock cash conversion cycle in days : Accounts Receivable $128, an Average Sales per Day of $15, and a Days Payable Outstanding of 3. What is Nock's Cash Conversion Cycle in days?
Description of considerations with financing option : Give a short description of considerations with each financing option (debt vs. equity). Which would you chose and why?
What is the gross profit : Question - Guten Morgen Cereals Inc had sales of $500,202. Cost of goods sold was $143,004. What is the gross profit
How to identify the accrued expenses : Paid for the year to 31 December 2019 RM480, Explain how the prepayments in the business transactions works. How to identify the accrued expenses?
List three classical derivative sauces : 1- List three classical derivative sauces, and their main ingredients, which can be madefrom demi-glace?
Evaluate how the risk could best be mitigated : Your initial discussion thread is due and you have to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth.
What is the amount of dividend : The common stock is $0.01 par value; the preferred stock is 4%. What is the amount of dividend which will be paid for each share of common stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounting principles-comprehensive

Presented below are a number of business transactions that occurred during the current year for Gonzales, Inc. Instructions In each of the situations, discuss the appropriateness of the journal entries in terms of generally accepted accounting pri..

  Handy home sells windows and doors in the ratio of 73

handy home sells windows and doors in the ratio of 73 windowsdoors. the selling price of each window is 105 and of each

  Gateway inc sells computers computer products computer

gateway inc. sells computers computer products computer peripherals and computer accessories throughout the world. by

  Calculate carolina fasteners operating breakeven point

Carolina Fastener, Inc., makes a patented marine bulkhead latch that wholesales for $6.00. Calculate Carolina fasteners operating breakeven point

  What is the adjusted journal entries

The annual interest rate on mortgage payable was 9.25%. What is the adjusted journal entries for this problem ( round to two decimal places)

  Determine the carrying value of the bonds on January

The bonds pay interest semiannually on June 30 and December 31. Assuming straight line amortization, determine the carrying value of the bonds on January

  Calculate the annual rate of return for each year

Calculate the annual rate of return for each year from the above information. What is the arithmetic average rate of return earned by investing in Caswell stock

  Prepare journal entry for crankshaft for revenue arrangement

Prepare the journal entries for Crankshaft for this revenue arrangement in 2014 assuming Crankshaft receives payment when installation is completed.

  What is the amount of organization expenses

Assuming that the corporation properly elected to deduct/amortize these costs, what is amount of organization expenses that it should deduct on its tax return

  Identify at least two situations

Identify at least two situations in which application of different accounting methods or accounting estimates results in difficulties in comparing companies.

  Kim company exchanges assets with chero company

Kim Company exchanges assets with Chero Company.

  Compute plant wide overhead allocation system

Compute the overhead cost per book under this plant wide overhead allocation system

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