Answer:
a. $8,900
b. $7,200
c. $2,300
d. $850
Explanation:
<u>Goods Available For Sale Calculation :</u>
Beginning inventory 5,000
Add Net Purchases 3,900
Goods Available For Sale 8,900
<u>Cost of Goods Sold Calculation :</u>
Goods Available For Sale 8,900
Less Ending Inventory (1,700)
Cost of Goods Sold 7,200
<u>Gross Profit Calculation :</u>
Net Sales 9,500
Less Cost of Goods Sold (7,200)
Gross Profit 2,300
<u>Net Income Calculation :</u>
Gross Profit 2,300
Less Expenses (1,450)
Net Income 850
Greeting's!
<span>c. earnings before interest and taxes .
______________________________
</span>
Answer:
I think you got it right*
Explanation:
I think this is the same question I took.
Go to the bathroom, get a glass of water and review you topics.
Answer:
$36,000
Explanation:
Net Cash = Net Income for 2016 - Accounts Receivable + Decrease in inventory + Depreciation expense - Gain on sale of equipment
=> Net Cash = $40,000 - $ 4,000 + $2,000 + $3,000 - $5,000
=> Net Cash = $36,000
