Chapter 15, Problem 3DYS

I need help with this financial accounting problem using accurate calculation methods.

Question: For the year, your company's sales are $425,000, the gross profit is $340,000, and the ending inventory is $92,000. If net purchases are $125,000, the beginning inventory must have been_____.

General Accounting Question

Provide correct answer

Please provide answer this general accounting question

Determine the cost of Direct materials used in production

Jamal Company has liabilities equal to one-third of the total assets. Jamal's stockholders' equity is $80,000. Using the accounting equation, what is the amount of liabilities for Jamal?

General accounting

When he sold the second apartment, he incurred a 12% loss. His total profit was $6,800.