Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cosider ther following partially completed income

cosider ther following partially completed income statements for merchandising compamies and compute the missing amounts....

70.2K

Verified Solution

Question

Accounting

cosider ther following partially completed income statements for merchandising compamies and compute the missing amounts.

laura's bakery fit apparel

net sales revenue 99,000 (d)

cost of goods sold:

beginning merchandising inventory (a) 29,000

purchase and freight in 47,000 (e)

cost of goods available for sale (b) 92,000

ending merchandise inventory (1900) (1900)

cost of goods sold 60,000 (f)

gross profit 39,000 113,000

selling and administrative expenses (c) 86,000

operating income 15,000 (g)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 6 8 A DRAG DROP THE ANSWER NEXT Biological systems react to stimull for...

Biology
Q

Which of the following is NOTthe best annotationfor thisvisual?A. The purpose of this visual is...

Biology
Q

When E coli is placed in a medium containing both glucose and lactose why does...

Biology
Q

A banquet hall has a maximum seating capacity of 168 people. For a particular event,...

Basic Math
Q

6 Write a polynomial equation in fact graph that passes through the point 1 36...

Algebra
Q

The initial tableau of a linear programming problem is given Use the simplex method to...

Algebra
Q

Sunland Corporation enters into a 5-year lease of equipment on December 31,2024, which...

Accounting
Q

Raner, Harris and Chan is a consulting firm specializing in information systems for medical and...

Accounting
Q

da Company produces a handcrafted musical instrument called a gamelan that is similar to a...

Accounting
Q

I've been stuck on this one for a while and am not quite understanding it...

Accounting
Q

ents Question 2 4 pts Guide Trevor requires a rate of return on capital budgeting...

Accounting
Q

If the individual subsidiary ledger accounts contained the following data: Cadence Company, Vendor, $159, credit...

Accounting