Homework Answers
Beginning inventory+Total cost of merchandise purchases-Ending inventory=Cost of goods sold
Sales-Cost of goods sold=Gross profit
Gross profit-Expenses=Net income
| a | b | c | d | e | |
| Sales | 65,000 | 44,000 | 51,000 | (45100+41100)=$86200 | 24400 |
| Cost of goods sold | |||||
| Merchandise inventory(beginning) | 8600 | 16490 | 5000 | 7600 | 4520 |
| Total cost of merchandise purchases | 31000 | (20,000+2600-16490)=$6110 | (47700+8800-5000)=$51500 | 45,000 | 5200 |
| Merchandise inventory(ending) | (31000+8600-33140)=(6460) | (2600) | (8800) | (7500) | (4520+5200-7400)=$2320 |
| Cost of goods sold | 33140 | 20,000 | (51,000-3300)=$47700 | (7600+45000-7500)=$45100 | 7400 |
| Gross profit | (65,000-33140)=$31860 | (44,000-20,000)=$24,000 | 3300 | 41100 | (24400-7400)=$17,000 |
| Expenses | 24,000 | 11,110 | 10610 | 4000 | 7600 |
| Net income (loss) |
(31860-24000)=$7860 | 12890 | (7310) | 37100 | (17000-7600)=$9400 |
Add Answer to:
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the...
Ch 04 - Homework Saved Using your accounting knowledge, find the missing amounts in the following...
Ch 04 - Homework Saved Using your accounting knowledge, find the missing amounts in the following separate income statements. points $ 65,000 $ 44,000 $ 51,000 $ 24,400 Skipped 8,600 16,490 5,000 4,520 31,000 7,600 45,000 7,500 5,200 Sales Cost of goods sold Merchandise inventory. beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net Income (los) eBook 8,800 2,600 20.000 33,140 7.400 24,000 11.110 12,890 3.300 10,610 (7.310) 41.100 4,000 37,100 $...
mework Exercise 5-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in...
mework Exercise 5-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 7,300 33,000 (5,200) 4,460 5,500 (8,700) (2,800)...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 65,000 $ 45,900 $ 53,000 $ 25,600 16,440 5,200 7 8,500 37,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) ,400 43,000 (5,700) 4,590 5,600 (8,200) (2,400)...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.)a bcdeSales$ 62,000$ 43,500$ 46,000$ 25,600Cost of goods sold Merchandise inventory (beginning)$ 8,000$ 17,050$ 7,500$ 8,000$ 4,560 Total Cost of merchandise purchases$ 38,000$ $ $ 32,000$ 6,600 Merchandise inventory (ending)$ ()$ (3,000)$ (9,000)$ (6,600)$ Cost of goods sold$ 34,050$ 16,000$ ...
Fill in the blanks in the following separate income statements a through e. a b с...
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,300 $ 49,000 $ 24,400 7,200 16,800 5,500 7,900 4,400 31,000 6,300 44,000 5,200 8,300 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 2,600 17,000 33,000 7,700 19,000 14,650 44,900 13,100 4,000 1,550 $ 40,900 10,000 $ 17,300 $ 7,000
Fill in the blanks in the following separate income statements a through e. a b с...
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,000 $ 37,000 $ 26,900 8,600 16,970 5,100 4,320 58,000 7,100 25,000 5,900 5,800 2,600 8,700 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 33,650 16,000 7,700 14,250 29,000 11,690 $ 16,310 $ 6,900 42,800 3,600 $ 39,200 12,900 1,350
Fill in the blanks in the following separate income statements a through e. a с d...
Fill in the blanks in the following separate income statements a through e. a с d e b $ 68,000 $ 44,300 $ 54,000 $ 25,800 16,860 6,600 7,800 36,000 Sales Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 4,450 5,700 8,000 29,000 6,800 8,800 2,100 16,000 33,480 6,700 25,000 14,050 42,800 12,800 3,300 1,250 $ 39,500 11,290 $ 17,010 $ 7,100
4 i Saved Help Save Fun the banks in the following separate income statements a through...
4 i Saved Help Save Fun the banks in the following separate income statements a through e. Amounts to be deducted should by a minus sign.) d $ 68,000 b $ 43,600 $ c 56,000 e 25,500 los 16,950 6,500 8,000 59,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 7,400 29,000 (7.100) 4,550 5,200 (2,500) 17,000 (8,100) 33.720 7,600 22,000 3,200...
Fill in the blanks in the following separate income statements a through e. (Amounts to be...
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) a b с d е Sales $ 62,000 $ 44,300 $ 55,000 $ 27,000 7,100 16,440 5,800 7,200 4,510 5,700 36,000 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 33,610 6,400 30,000 (2,800) (8,600) (5,400) 17,000 3,000 41,500 10,320...
Fill in the blanks in the following separate income statements a through e. (Amounts to be...
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) - d a $ 64,000 b $ 44,800 c 39,000 e $ 24,200 Sales $ 16,720 5,800 7,300 32,000 7,300 33,000 (7,600) | 4,480 6,700 ses (8,900)| Cost of goods sold | Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) (2,800)| 17,000 33,630...
Ch 04 - Homework Saved Using your accounting knowledge, find the missing amounts in the following separate income statements. points $ 65,000 $ 44,000 $ 51,000 $ 24,400 Skipped 8,600 16,490 5,000 4,520 31,000 7,600 45,000 7,500 5,200 Sales Cost of goods sold Merchandise inventory. beginning Total cost of merchandise purchases Merchandise inventory, ending Cost of goods sold Gross profit Expenses Net Income (los) eBook 8,800 2,600 20.000 33,140 7.400 24,000 11.110 12,890 3.300 10,610 (7.310) 41.100 4,000 37,100 $...
mework Exercise 5-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e (Amounts to be deducted should be indicated by a minus sign.) $ 62,000 $ 44,300 $ 40,000 $ 24,900 16,550 5,300 8,600 37,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 7,300 33,000 (5,200) 4,460 5,500 (8,700) (2,800)...
Exercise 4-1 Computing revenues, expenses, and income LO C1, C2 Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 65,000 $ 45,900 $ 53,000 $ 25,600 16,440 5,200 7 8,500 37,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) ,400 43,000 (5,700) 4,590 5,600 (8,200) (2,400)...
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,300 $ 49,000 $ 24,400 7,200 16,800 5,500 7,900 4,400 31,000 6,300 44,000 5,200 8,300 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 2,600 17,000 33,000 7,700 19,000 14,650 44,900 13,100 4,000 1,550 $ 40,900 10,000 $ 17,300 $ 7,000
Fill in the blanks in the following separate income statements a through e. a b с d e Sales $ 71,000 $ 44,000 $ 37,000 $ 26,900 8,600 16,970 5,100 4,320 58,000 7,100 25,000 5,900 5,800 2,600 8,700 Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 33,650 16,000 7,700 14,250 29,000 11,690 $ 16,310 $ 6,900 42,800 3,600 $ 39,200 12,900 1,350
Fill in the blanks in the following separate income statements a through e. a с d e b $ 68,000 $ 44,300 $ 54,000 $ 25,800 16,860 6,600 7,800 36,000 Sales Cost of goods sold Merchandise inventory beginning Total cost of merchandise purchases Merchandise inventory ending Cost of goods sold Gross profit Expenses Net income (loss) 4,450 5,700 8,000 29,000 6,800 8,800 2,100 16,000 33,480 6,700 25,000 14,050 42,800 12,800 3,300 1,250 $ 39,500 11,290 $ 17,010 $ 7,100
4 i Saved Help Save Fun the banks in the following separate income statements a through e. Amounts to be deducted should by a minus sign.) d $ 68,000 b $ 43,600 $ c 56,000 e 25,500 los 16,950 6,500 8,000 59,000 Sales Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 7,400 29,000 (7.100) 4,550 5,200 (2,500) 17,000 (8,100) 33.720 7,600 22,000 3,200...
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) a b с d е Sales $ 62,000 $ 44,300 $ 55,000 $ 27,000 7,100 16,440 5,800 7,200 4,510 5,700 36,000 Cost of goods sold Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) 33,610 6,400 30,000 (2,800) (8,600) (5,400) 17,000 3,000 41,500 10,320...
Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) - d a $ 64,000 b $ 44,800 c 39,000 e $ 24,200 Sales $ 16,720 5,800 7,300 32,000 7,300 33,000 (7,600) | 4,480 6,700 ses (8,900)| Cost of goods sold | Merchandise inventory (beginning) Total cost of merchandise purchases Merchandise inventory (ending) Cost of goods sold Gross profit Expenses Net income (loss) (2,800)| 17,000 33,630...
Most questions answered within 3 hours.
-
A student studying for a vocabulary test knows the meanings of
16 words from a list...
asked 1 minute from now -
At an annual interest rate of 6%, which would you prefer; three
annual year-end cash flows...
asked 4 minutes ago -
Assuming air has a density of 1.17 g/L and .973 atm what is the
average molar...
asked 3 minutes ago -
1. (40’) In myStack.cpp, implement the member functions of the
class myStack, which is the class...
asked 5 minutes ago -
We have two Earths, one as ours and another that is twice
heavier than that of...
asked 5 minutes ago -
What do the phenomena of overshadowing, the CS preexposure
effect, and relative validity of cues have...
asked 10 minutes ago -
MnO4^- + C2O4^2- ---->MnO2 +CO3^2- balance in basic media
asked 23 minutes ago -
What is the missing keyword in the program below?
public class Batman {
public static int...
asked 20 minutes ago -
The Southern Oscillation can be best described
as
relative changes between two pressure systems.
variation in...
asked 22 minutes ago -
We predict that learning statistics will increase a student's
IQ. Those not learning statistics have a...
asked 27 minutes ago -
Write a procedure of how you would separate benzoic acid
(acidic), decane (neutral), and adenine (basic)...
asked 27 minutes ago -
1. What is the pH of 0.773M Sr(OH)2?
2. What is the pH of 0.0133M solution...
asked 36 minutes ago