Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a-rod fishing supplies had sales of $2,440,000 and

A-Rod Fishing Supplies had sales of $2,440,000 and cost of goods sold of $1,750,000. Selling...

60.1K

Verified Solution

Question

Accounting

A-Rod Fishing Supplies had sales of $2,440,000 and cost of goods sold of $1,750,000. Selling and administrative expenses represented 8 percent of sales. Depreciation was 4 percent of the total assets of $4,870,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

In a study of pregnant women and their ability to correctly predict the sex of their​...

Medical Sciences
1.2K views

69. Which of the following cannot take part in gluconeogenesis? a) lactate b) fatty acids c) alanine d) glycerol 71. Which...

Physics
1.2K views

a pilot has his small airplane heading due north at 50 km/h. after two hours of...

Biology
1.2K views

3 points S While some scientists studying sponges suggest that sponge larval hair cells are...

Biology
1.2K views

Question 1 Points 2 Why did the Reconstruction era fail Because there was still resentment...

Geometry
1.2K views

Find the length of segment NM K x 3 M x 3 16 N

Calculus
1.2K views

ketch the region bounded by the given line and curve Then express the region s...

Algebra
1.2K views

1 log 3 logox log 3x 2 log 6 2log x 3 log 4 4log...

Accounting
1.2K views

Describe the Valhalla oil scandal of 1987? Explain the oil traders in New York, the...

Accounting
1.2K views

The McAllister Company borrowed $40,000 from a bank on January 1,2021 at an interest rate...

Accounting
1.2K views

if there is anything thats missing just say so and ill get back to you...

Accounting
1.2K views

Average Rate of Return Determine the average rate of return for a project that is...