What is the value of B? Financial information is presented below for three different companies: Liz's Cosmetics Allied Wholesalers Monroe Grocery (c) 6,000 94.000 (d) 100,000 10,000 50,000 P144,000 12,000 132,000 44,000 (e) 8,000 30,000 P90,000 Sales Sales returns (a) 74,000 14,000 88,000 6,000 (b) 64.000 10,000 Net sales Beg. Inventory Purchases Purchase returns Ending inventory Cost of goods sold Gross profit 72,000 22,000 (f) 24,000
What is the value of B? Financial information is presented below for three different companies: Liz's Cosmetics Allied Wholesalers Monroe Grocery (c) 6,000 94.000 (d) 100,000 10,000 50,000 P144,000 12,000 132,000 44,000 (e) 8,000 30,000 P90,000 Sales Sales returns (a) 74,000 14,000 88,000 6,000 (b) 64.000 10,000 Net sales Beg. Inventory Purchases Purchase returns Ending inventory Cost of goods sold Gross profit 72,000 22,000 (f) 24,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![What is the value of B?
Financial information is presented below for three different.companies:
Liz's
Cosmetics
P90,000
(a)
74,000
14,000
88,000
6,000
(b)
64,000
10,000
Monroe
Grocery
(c)
P 6,000
94.000
(d)
100,000
10,000
50,000
72,000
22,000
Allied
Wholesalers
P144,000
12,000
132,000
44,000
Sales
Sales returns
Net sales
Beg. Inventory
Purchases
(e)
8,000
30,000
Purchase returns
Ending inventory
Cost of goods sold
Gross profit
(f)
24,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa88ad34e-c0bf-4bc6-afa5-141df1a3dbe4%2F5d79ce15-f318-4f8e-a28e-7ad1ab109797%2Ftf9rolu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the value of B?
Financial information is presented below for three different.companies:
Liz's
Cosmetics
P90,000
(a)
74,000
14,000
88,000
6,000
(b)
64,000
10,000
Monroe
Grocery
(c)
P 6,000
94.000
(d)
100,000
10,000
50,000
72,000
22,000
Allied
Wholesalers
P144,000
12,000
132,000
44,000
Sales
Sales returns
Net sales
Beg. Inventory
Purchases
(e)
8,000
30,000
Purchase returns
Ending inventory
Cost of goods sold
Gross profit
(f)
24,000
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