This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the net profit for Bobson's Hardware? A) 24,540 B) 48,207 C) 62,320 D) ... (Read 124 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 24, 2018
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
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

B


strangeaffliction

  • Member
  • Posts: 660
Reply 2 on: Jun 24, 2018
Excellent

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

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?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Hardware, Software, and Storage Components Hardware, Software, and Storage Components
Profit-maximizing Chart Profit-maximizing Chart
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Video: Role of transport in a cell

For a complete list of videos, visit our video library