Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bonita's fashions sold merchandise for $35000 ?cas

Bonita's Fashions sold merchandise for $35000 ?cash during the month of ?July. Returns that month...

70.2K

Verified Solution

Question

Accounting

Bonita's Fashions sold merchandise for $35000 ?cash during the month of ?July. Returns that month totaled $1100. If ?the company's
gross profit rate is 40%, ?Bonita's will report monthly net sales revenue and cost of ?goods sold of
$33900 ?and $21000.
$35000 ?and $20340.
$35000 ?and $21000.
$33900 ?and $20340.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Name major external environment changes that are happening and what impact they can have on an...

General Management
Q

A solid sphere of radius 3cm made of material of bulk modulus 2x10 N m...

Physics
Q

2 It is given that angular momentum of an electron in a particular orbit of...

Physics
Q

1 In the fusion reaction H H He ont The masses of deutrons helium and...

Physics
Q

6 How many metres 1 are in a 10 pound spool of 12 gauge aluminum...

Geometry
Q

For Problems 3 and 4 determine the annual yield to the nearest hundredth of a...

Basic Math
Q

10 9 8 7 6 5 4 3 2 1 10 9 8 7 6...

Algebra
Q

The Cash Over and Short account: A) Is not necessary in a computerized accounting...

Accounting
Q

ABC company's financial statements for the two most recent years follow: Assess the company's profitability...

Accounting
Q

eBook Chapter 2 Financial Planning Exercise 4 Preparing income and expense...

Accounting
Q

i need journal entries for this and thanks for helping !. hope to get answer...

Accounting
Q

Exercise 8-16 You are the vice president of finance of Blue Corporation, a retail company...

Accounting