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Damm [24]
3 years ago
8

Hardy Company is a wholesale electronics distributor. On December 31, 2008, it prepared the following partial income statement:

Gross sales ............................... P600,400 Sales discounts ........................... 400 Net sales ................................. P600,000 Cost of goods sold: Beginning inventory ..................... P200,000 Net purchases ........................... 300,000 Given this information, if Hardy Company's gross margin is 30 percent of net sales, what is the correct ending inventory balance? a. P80,000 b. P120,000 c. P180,000 d. P500,000
Business
1 answer:
kykrilka [37]3 years ago
8 0

Answer:

thats long

Explanation:

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KATRIN_1 [288]

Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

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Right click the last data point and select "Set as Total".

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5 0
2 years ago
If productivity increases significantly and demand is not very elastic, what is likely to happen?
spayn [35]

Answer:

B. Fewer workers will be needed.

Explanation:

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4 0
3 years ago
Read 2 more answers
Cost of Merchandise Sold
galben [10]

Answer:

$441,000

Explanation:

The computation of the cost of merchandise sold is shown below:

Cost of merchandise sold = Opening inventory + net purchase - ending inventory

where,

Opening inventory  = $14,500

Net purchase is

= $475,000 - $15,000 - $9,000 + $7,000

= $458,000

And, the ending inventory is $31,500

So, the cost of merchandise sold is

= $14,500 + $458,000 - $31,500

= $441,000

4 0
2 years ago
How do you find tax liability from taxable income?
ycow [4]

Answer:

How to calculate tax liability from taxable income

Explanation:

Your taxable income minus your tax deductions equals your gross tax liability. Gross tax liability minus any tax credits you're eligible for equals your total income tax liability. hope this helps you :)

7 0
3 years ago
To increase the number of orders it receives from recipients of its direct-mail advertising, the maker of All-Natural Diet Produ
STALIN [3.7K]

Answer:

C. business reply

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Therefore the option c is correct

8 0
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