Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gross profit during the current year, merchandise

Gross Profit During the current year, merchandise is sold for $181,400 cash and $466,400 on...

50.1K

Verified Solution

Question

Accounting

image
Gross Profit During the current year, merchandise is sold for $181,400 cash and $466,400 on account. The cost of the goods sold is $427,500. what is the amount of the gross profit

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

A manufacturer wants to compare the number of defects on the day shift with the number...

Biology
1.2K views

1,)The chemical composition of the peptidoglycan carrier bactoprenol is highly hydrophobic. Explain why this is necessary for...

Psychology
1.2K views

What is the evolutionary perspective on corporal punishment? What is the socio-cultural perspective on corporal punishment?

Basic Math
1.2K views

According to Sampling techniques, identify the type of sample obtained on each situation given below:1)...

Statistics
1.2K views

The dot plot below shows the number of songs Carly downloaded over 15 successive weekends...

Calculus
1.2K views

Which function graphed below is an EVEN function LIN TYTU Ho do F11 17 4

Calculus
1.2K views

a Rate of change b Average Rate of Change c Secant

Accounting
1.2K views

please do require the first few are just pics for info. #9 ...

Accounting
1.2K views

Problem 22-1A (Part Level Submission) National Corporation needs to set a target...

Accounting
1.2K views

Sunn Company manufactures a single product that sells for $225 per unit and whose variable...

Accounting
1.2K views

The fraud triangle shows three factors that push a person to commit fraud and includes...

Accounting
1.2K views

File Edit View History Bookmarks Window Help online.ewc.edu Moodle Ariela Mendoza Fortune Company's direct materials...