This topic contains a solution. Click here to go to the answer

Author Question: What is the net profit for Bobson's Hardware? A) 24,540 B) 48,207 C) 62,320 D) ... (Read 156 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
What is the net profit for Bobson's Hardware?
 A) 24,540
  B) 48,207
  C) 62,320
  D) 73,657

Question 2

Mr. Bobson owns a hardware store. The gross sales for the first quarter of the year were 92,000. There was 1,930 in returned merchandise and 2,300 in sales discounts. His beginning merchandise inventory was 54,000 and his ending inventory was 40,000. He purchased 17,000 of additional merchandise for sale during the quarter, returned 1,750 worth of merchandise damaged during shipment, and received 3,800 in purchase discounts. Mr. Bobson's operating expenses include the following: delivery expense, 263; depreciation expense for equipment, 750; payroll taxes expense, 585; salary expense, 11,700; supplies, 395; and utilities expense, 420. What are the total operating expenses for Bobson's Hardware?
 A) 8,563
  B) 14,113
  C) 18,343
  D) 19,663



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Gabe

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

B

Answer to Question 2

B




strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review


jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Excellent

 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

For a complete list of videos, visit our video library