Help Save & Cushman Company had $836,000 in sales, sales discounts of $12,540, sales returns and...
16 Cushman Company had $810,000 in sales, sales discounts of $12,150, sales returns and allowances of $18,225, cost of goods sold of $384750 and $278,640 in operating expenses. Net income equals: 01.25.00 Multiple Choice $176 985 $779,625 $394,875 $116.235 $146.610 ME < Prev 16 of 37 III Neb >
Cushman Company had $848,000 in sales, sales discounts of $12,720, sales returns and allowances of $19,080, cost of goods sold of $402,800, and $291,710 in operating expenses. Gross profit equals:
Which of the following accounts would be closed at the end of the accounting period with a debit? Multiple Choice 0:54:00 Ο Soles Discounts Ο Operating Expenses Ο Sales Returns and Allowances Ο Cost of Goods Sold. Cushman Company had $842,000 in sales, sales discounts of $12,630, sales returns and allowances of $18.945, cost of goods sold of $399,950, and $289,650 in operating expenses. Net income equals.
Cushman Company had $814,000 in net sales, $356,125 in gross profit, and $203,500 in operating expenses. Cost of goods sold equals:
cushman Company had 842,000 in net sales 368,375 in gross profit and 210,500 and operating expenses cost of good sold equals
11) Net sales revenue is calculated by A) subtracting sales discounts and estimated sales returns and allowances from sales revenue B) subtracting cost of goods sold from sales revenue C) subtracting sales discounts and selling expenses from sales revenue D) adding sales discounts and sales returns and allowances to sales revenue
4-Financial information is presented below: Operating expenses $ 41000 Sales returns and allowances 5000 Sales discounts 9000 Sales revenue 162000 Cost of goods sold 93000 5-The amount of net sales on the income statement would be $157000. $153000. $148000. $162000. Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 160000 Cost of goods sold 94000 Gross Profit would be $55000. $70000. $66000. $62000.
Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances 7000 Sales discounts 5000 Sales revenue 180000 Cost of goods sold 88000 Gross profit would be?
$ Sales discounts Office salaries expense Rent expense-Office space Advertising expense Sales returns and allowances Office supplies expense Cost of goods sold Sales Insurance expense Sales staff salaries 860 3,100 2,600 720 360 720 11,200 42,000 2,100 3,600 Required: Prepare a multiple-step income statement for the year ended December 31. $ 42,000 Save-the-Earth Co. Income Statement For Year Ended December 31 Sales Less: Sales returns and allowances Less: Sales discounts Net sales Cost of goods sold Gross profit Expenses Selling...
Financial information is presented below: Operating expenses $ 34000 Sales returns and allowances 8000 Sales discounts 3000 Sales revenue 142000 Cost of goods sold 85000 The profit margin ratio would be