Using the following information, what is the amount of gross profit?​ Purchases $42,000 Merchandise inventory, September 1 5,700 Selling expense 1,050 Merchandise inventory, September 30 7,100 Sales 85,000 Interest expense 1,240 Administrative expense 1,610 Rent revenue 1,200

Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $120,700 Sales returns and allowances 810 Sales discounts 680 Merchandise inventory, January 1 34,800 Purchases during the period 77,000 Purchases returns and allowances during the period 3,840 Purchases discounts taken during the period 2,310 Freight-in on merchandise purchased during the period 1,390 Merchandise inventory, December 31 31,500 Determine the gross profit.

The following accounts and balances are taken from the books of Bosox Company which             uses the periodic inventory system.                                         Sales     $470,000       Sales returns and allowances     15,000       Sales discounts     2,500       Purchases     255,000       Purchases returns and allowances     18,000       Purchases discounts     5,000       Transportation-In     1,500       Operating expenses     125,000                     Beginning inventory     $40,000       Ending inventory     35,000                     a. Calculate the cost of good sold             b. Calculate the gross profit             c. Calculate the net income

Using the information below, calculate Gross Profit: Sales Revenue $5,000 Sales Discounts $664 Sales Returns and Allowances $357 Cost of Goods Sold $1,306 Inventory $1,451

Calculate the correct gross profit for 20xx

PROVIDE Answer

Using the following information, what is the amount of gross profit? Purchases $ 30,526   Selling expense $ 769 Inventory, September 1 5,755   Inventory, September 30 10,605 Administrative expense 732   Sales 56,096 Rent revenue 984   Interest expense 1,159 $25,676 $29,932 $30,420 $1,159

Need answer

Based on the information that follows: Sales $86,900 Sales Returns and Allowances 2,200 Sales Discounts 1,738   Required:   Prepare the revenue section of a multiple-step income statement.

Using the accounts and amounts below, calculate Net Sales: Account Amount Sales Revenue $142,055 Purchase Discounts 1,886 Sales Discounts Sales Returns and Allowances 2,881 2,515 Cost of Goods Sold 40,889