1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Travka [436]
3 years ago
12

Consider the following information pertaining to Company C:

Business
1 answer:
Sloan [31]3 years ago
4 0

Answer:

C. $34,300.

Explanation:

Gross profit= Net sales - cost of sales

1. <u>calculating  net sales</u>

    = sales- sales returns and allowances

 =$48,000-6000

 =$42,000

2.<u> calculating cost of sales</u>

 =opening stock + purchases- closing stock

 =($900+$9100)-$2300

 =$7,700

3. Gross profit

                  =$42,000-$7,700= $34,300

              Gross profit =$ 34,300

You might be interested in
To maintain public confidence and trust in the financial reporting of companies is the purpose of
irakobra [83]

Answer:

The answer is: the Sarbanes-Oxley Act of 2002

Explanation:

The Sarbanes-Oxley Act (SOX) was elaborated in response to several high profile corporate scandals involving multinational corporations. The most infamous scandal involved Enron Corporation and Arthur Andersen LLP (one of the five largest accounting corporations in the world).

The SOX set new requirements for all publicly traded corporations (especially their upper management) an public accounting firms. Only some parts of the SOX apply to private companies.

8 0
3 years ago
Aldi, Lidl, Dollar General, and Family Dollar are examples of ________, as they carry a more restricted merchandise mix than dis
liq [111]

Answer:

The correct answer to the following question is Extreme value stores .

Explanation:

Extreme value stores are those type of stores which are also know as merchandise  discount store, which are easily found in the low income rural and urban areas. These type of stores are usually small discount stores, who have very limited merchandise assortments and they offer those products at a very low price. The given examples of Aldi, Lidl, Dollar general and Family Dollar are all examples of Extreme value stores.

4 0
3 years ago
Which of these will most likely have a positive effect on your lifestyle?
Zinaida [17]

Answer:

A college degree

Explanation:

College life is very likely

5 0
2 years ago
"Which of the following statements are TRUE? I New issues of Treasury Bills are generally priced at par II New issues of Treasur
Aleksandr [31]

Answer:

The remaining part of the question is:

Which of the following statements are TRUE?

I New issues of Treasury Bills are generally priced at par

II New issues of Treasury Bonds are generally priced at par, or at a slight discount to par

III New issues of Agency Bonds are generally priced at par, or at a slight discount to par

A. I only

B. III only

C. II and III only

D. I, II, III

Correct Answer:

C. II and III only

Explanation:

It is a fact that virtually all new issues of T-Bills are always sold at a discount to par value. These are original issue discount obligations, with the accrued value of the discount being the interest income earned on these securities.

<em>Treasury Bonds and Agency Bonds are issued at par or in most cases at a very slight discount to par, and make periodic interest payments.</em>

4 0
3 years ago
Vaughn Inc. acquired all of the outstanding common stock of Roberts Co. on January 1, 2020, for $276,000. Annual amortization of
frosja888 [35]

Answer:

ΗΘΕ

Explanation:

5 0
3 years ago
Other questions:
  • What are three elements that can be shared by subdocuments in a master document?
    11·1 answer
  • In the movie 9 to 5​, Maria Delgado worked mornings and her​ sister, who came in a few minutes before Maria​ left, worked the sa
    9·2 answers
  • You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you a
    15·1 answer
  • Use the drop-down menu to complete each statement. The property in a mixed market economy likely is . Most of the property in co
    5·2 answers
  • Farmers Produce Inc. and Growers Market enter into a contract for the delivery of vegetables. Some of the produce spoils before
    13·1 answer
  • A trial balance Entry field with incorrect answer will not balance if a correct journal entry is posted twice. proves that all t
    10·1 answer
  • Innovation takes dedicated effort and resources, and organizations that are successful at it tend to be set up in ways that natu
    14·1 answer
  • Here are the U.S. tax rates and their corresponding tax brackets based on filing status for single individuals (i.e. not corpora
    11·1 answer
  • What does making a good decision mean?? How can I make a good decision?
    8·1 answer
  • The political business cycle refers to Group of answer choices the fact that about every four years some politician advocates gr
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!