QS 4-3 goods accounts and also computations LO C2Kleiner Merchandising CompanyAccumulated depreciation$700 start inventory 5,000

Ending Inventory 1,700

Expenses 1,450

Net Purchases 3,900

Net Sales 9,500



Krug business Company


Revenues 14,000

Cash 700

Prepaid rent 800

Accounts payable 200

Equipment 1,300




You are watching: Use the above information from a service company and from a merchandiser to compute net income.

 Compute gun profit, the goods obtainable for sale, and the price of products sold because that the merchandiser. Hint: not all info may it is in necessary.

b. Use the over information native a service firm and indigenous a merchandiser to compute net income.



a. Goods available for revenue ($_______)

Cost of goods sold ($_______)

Gross profit ($_______)


b. Net earnings for Krug Service company ($_______)

Net earnings for Kleiner Merchandising agency ($_______)


Mar 30 2021 07:11 pm

1 authorized Answer


Nicole R reply on April 01, 2021
5 Ratings, (13 Votes)
a. Goods available for sale = $ 8,900 price of items sold = $ 7,200 Gross profit = $ 2,300b. Net income for Krug Service company = $ 1,500 Net earnings for Kleiner Merchandising agency =  $ 850Solution: 

Kleiner Merchandising Company

execute you need response to a question different from the above? Ask your question!
help us do our solutions better
(Rate this equipment on a scale of 1-5 below)
We want to exactly this solution. phone call us more

(Hide this ar if you want to rate later)

to be the last answer that the question wrong?

to be the solution measures not thorough enough?

to be the language and also grammar an issue?

go the inquiry reference not correct data/report or numbers?

thank You
We evaluate your Feedback

remain Solved :)

This blog post will auto near in 5 seconds

Didn\"t uncover yours?

ask a brand-new question

Get plagiarism-free equipment within 48 hours

review Please

following vault

Related Questions

Plagiarism Checker

Submit her documents and get complimentary Plagiarism report

cost-free Plagiarism Checker

Stuck with a Question?

Your equipment is just a click away! gain it Now

Try totally free for 7 job
Create one Account and Get the Solution
Log right into your existing 2175forals.com account
have an account already? Click right here to Login

By developing an account, you agree to our terms & problems

No Account Yet? Click here to sign Up
sign in v Facebook

we don\"t article anything without her permission


Looking because that Something Else? questioning a comparable Question

Ask now
Lets Start

Couldn\"t find What you Were trying to find ?

questioning Your concern Now!

Get it fixed from ours top experts within 48hrs!


Stuck v a Question?

Get the complete solution ideal now.

See more: What Is One Of The Major Reasons That Psychologists Report Results Publicly ?

View finish Solution
187 wolf Road, Albany brand-new York, 12205, USA
Level 6/140 Creek Street, Brisbane, QLD 4000, Australia
Reach united state on:

© 2007-2021 Transweb global Inc. All legal rights reserved.
inquiries & answers
authorize upSign In