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 165 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
Gracias!

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

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: Primary and secondary response to infection

For a complete list of videos, visit our video library