Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. computer company has the following information on

Computer Company has the following information on its accounting records: gross profits $175,000; interest expense...

90.2K

Verified Solution

Question

Accounting

Computer Company has the following information on its accounting records: gross profits $175,000; interest expense $25,000; selling, general and administration expenses $70,000; tax expense $12,000; and Sales $325,000. What is cost of goods sold?

$150,000

$80,000

$45,000

$33,000

$105,000

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

Basic Math
1.2K views

Collect data from 30 people from your work, school, neighborhood, family, or other group. Ask a...

Chemistry
1.2K views

In an experiment where you standardize EDTA with calcium carbonate and then have EDTA as the...

Advance Math
1.2K views

On 5/17/2020, a random sample of 1007 U.S. households finds that Trump has a 49% approval...

Physics
1.2K views

A convex lenses of focal length 40 cm is held coaxially 12 cm above a...

Calculus
1.2K views

choose three specific strategies you can implement as an Online student First list the strategy...

Accounting
1.2K views

The accountant of ABC Limited has prepared the following unadjusted trial balance of ABC Limited...

Accounting
1.2K views

Citation Builders, Inc., builds office buildings and single-family homes. The office buildings are constructed under...

Accounting
1.2K views

Accounting
1.2K views

Triangle Industries is considering purchasing equipment. The equipment will produce the following cash inflows: Year...

Accounting
1.2K views

please hep me with this question, i will give up vote. thanks. On January...

Accounting
1.2K views

Problem 22-5AA (Algo) Merchandising: Preparation of merchandise purchases budgets for three products LO P4 Keggler's...

Finance
1.2K views

The Victoria Telephone Company has a $1,000 par value bond outstanding that pays 19 percent...