During June, Sarah spent $900 to buy 30 products and sold 8 of them for $45 each. Sarah should record as an expense for June. A. $900 B. $360 C. $240 D. $270
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- a sales person records the following daily expenditures (in Php) during a ten day trip.6. Alberto & Sons, Inc., a retailer of antique figurines, engages in the following transactions during October of the current year: Oct. 1 Purchases 100 Hammers at $50 each. Oct. 5 Sells 50 of the Hammers at $80 each. Compute Alberto & Son’s gross profit for October.On 1 August 20X5, Hans had an opening balance on the sales tax account as $6,360 credit. During the month, he makes sales gross of tax of $51,040 and purchases net of tax of $60,830. The sales tax rate is 10%. What is the balance on the sales tax account as at 1 September 20X5? A. $4,363 Dr B. $5,381 Cr C. $4,917 Cr D. $4,827 Dr
- Information related to Swifty Co. is presented below. 1 2. 3. 4 5. On April 5, purchased merchandise from Mockingbird Company for $20,200 terms 2/10.net/30, FOB shipping point. On April 6 paid freight costs of $520 on merchandise purchased from Mockingbird. On April 7, purchased equipment on account for $29,200. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $4,900 credit for returned merchandise. On April 15 paid the amount due to Mockingbird Company in full.Please provide correct answer financial accountingAlberto & Sons, Inc., a retailer of antique figurines, engages in the following transactions duringOctober of the current year:Oct. 1 Purchases 100 Hummels at $50 each.Oct. 5 Sells 50 of the Hummels at $80 each.Compute Alberto & Sons’s gross profit for October.
- Patience is trying to work out her cost of sales for the year ended 31 December 20X9. She has the following details for supplier and inventory balances: At 1 January 20X9 At 31 December 20X9 Suppliers Inventory $15,264 $6,359 $16,812 $4,919 In the year to 31 December 20X9, Patience's payments to suppliers totalled $141,324. What was Patience's cost of sales for the year to 31 December 20X9?general accountingDuring the current year, mnerchandise is sold for $714000. The cost of the merchandise sold is $474000. What is the amount of the gross profit? Add your answer
- Please answer this questions on 10 minutes I will give likes to your answer. Correctly . I need help from expert. ThanksDrainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for January using this data: in December through February, it purchased $22,000, $25,000, and $23,000 respectively.Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a cost of goods sold of $3,000. What was the beginning inventory if the ending inventory was $1,250?