QS 4-3 goods accounts and also computations LO C2Kleiner Merchandising CompanyAccumulated depreciation$700 start inventory 5,000
Ending Inventory 1,700
Net Purchases 3,900
Net Sales 9,500
Krug business Company
Prepaid rent 800
Accounts payable 200
You are watching: Use the above information from a service company and from a merchandiser to compute net income.
Compute gun profit, the goods obtainable for sale, and the price of products sold because that the merchandiser. Hint: not all info may it is in necessary.
b. Use the over information native a service firm and indigenous a merchandiser to compute net income.
a. Goods available for revenue ($_______)
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?
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
Submit her documents and get complimentary Plagiarism reportcost-free Plagiarism Checker
Stuck with a Question?
Your equipment is just a click away! gain it NowTry 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 QuestionAsk now
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. View finish Solution
See more: What Is One Of The Major Reasons That Psychologists Report Results Publicly ?
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