« previous next »

Author Question: If merchandise sells for 3,500, with terms of 3/15, n/45 and the cost of the inventory sold is ... (Read 85 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jul 5, 2018
If merchandise sells for 3,500, with terms of 3/15, n/45 and the cost of the inventory sold is 2,100, the amount charged to sales is
 a. 3,395
  b. 3,500
  c. 2,037
  d. 2,100

Question 2

South Seas reported the following items on its financial statements. Determine the amount of the missing operating expenses.
 
  Net income  50,000
   Sales 250,000
   Cost of goods sold 80,000


jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

250,000 - 50,000 - 80,000 = 120,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Anterior and lateral views of the body illustrating directional terms. Anterior and lateral views of the body illustrating directional terms.
Common Combining Terms Common Combining Terms
Cost of Laptops Cost of Laptops
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Video: Sperm Formation

For a complete list of videos, visit our video library