What was the amount of net sales and gross profit

Assignment Help Financial Accounting
Reference no: EM13510661

For the fiscal year, sales were $3,570,000, sales discounts were $320,000, sales returns and allowances were $240,000, and the cost of merchandise sold was $2,142,000. What was the amount of net sales and gross profit?

Reference no: EM13510661

Questions Cloud

Why is the critical path not the shortest path : Why is the critical path not the shortest path through a network, as some people tend to believe?
Obtain the angle through which the blade has turned : A circular saw blade 0.180m in diameter starts from rest. Find the angular acceleration and the angle through which the blade has turned in this time
What was the amount of net sales : For the fiscal year, sales were $4,125,800, sales discounts were $380,000, sales returns and allowances were $186,750, and the cost of merchandise sold was $2,475,500.
Using one of the ethical perspectives : 1. Using one of the ethical perspectives (Utilitarianism, Kants Categorical Imperative, Rawl's Fairness as Justice, etc) noted in week 2 discussion, defend or oppose the basis for high executive compensation.
What was the amount of net sales and gross profit : For the fiscal year, sales were $3,570,000, sales discounts were $320,000, sales returns and allowances were $240,000, and the cost of merchandise sold was $2,142,000. What was the amount of net sales and gross profit?
How long will the projectile be in the air : A projectile is right at the edge of a 85 meter tall building . it is then fired with an initial speed of 25m/s at an angle 25 degrees above the horizontal and lands on the ground. how long will the projectile be in the air
What was the amount of net sales : For the fiscal year, sales were $6,750,000, sales discounts were $120,000. sales return and allowances were $900,000, and the cost of merchandise sold was $4,000,000.
The global implementation of ifrs : Evaluate at least nine more academic journal articles related in some way to the one above, and to draw out a clear argument with a conclusion based upon the data considered.
Find the tension in string as it passes through the vertical : A small rock with mass 0.12 is fastened to a massless string with length 0.80 to form a pendulum, find the tension in the string as it passes through the vertical

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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