Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sandpiper company reported the following year-end

Sandpiper Company reported the following year-end amounts: Beginning Inventory...

60.1K

Verified Solution

Question

Accounting

Sandpiper Company reported the following year-end amounts:

Beginning Inventory

$22,950

Net Cost of Purchases

101,200

Ending Inventory

?

Cost of Goods Sold

93,150

What is Sandpiper Company's Ending Inventory for the year?

Select one:

A. $22,950

B. $14,850

C. $31,050

D. $ 8,100

2) Using a perpetual inventory system, the buyers journal entry to record the purchase of merchandise on credit includes a:

Select one:

A. Debit to Purchases

B. Debit to Inventory

C. Debit to Freight In

D. Debit to Cost of Goods Sold

3)

In 2019, Purple Eggplant incurred cost of goods sold of $59,823 million on net sales of $76,643 million. What was Purple Eggplant's return on sales ratio for 2019? (Assume no other expenses.)

Select one:

A. 10.6%

B. 24.1%

C. 13.8%

D. 21.9%

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

Q

Write balanced net ionic equations for the following reactions in basic solution. A. S2O32−(aq)+I2(aq)→S4O62−(aq)+I−(aq) Express your answer as a...

Chemistry
Q

Ex if std no: 1abcde, 161667 (a=6, b=1, c=6, d=6, e=7) In my case std 174702 Q1) Design...

Civil Engineering
Q

Q6.  a) You put a uniformly shaped bit of dielectric material in between the plates of a...

Physics
Q

se the Laplace transform to solve the given initial-value problem. y'' − 6y' = 10e^5t −...

Electrical Engineering
Q

Anystate Auto Insurance Company took a random sample of 360 insurance claims paid out during a...

Basic Math
Q

Recording Transactions (Including Adjusting and Closing Entries), Preparing Financial Statements, and Performing Ratio Analysis Ben and Kelly...

Accounting
Q

15 A store manager records the number of customers at the store each week for...

Statistics
Q

Required information Use the following information to answer questions. (Static) [The following information applies to...

Accounting
Q

Con base en algunos datos, un analista de negocios concluy que la vida til promedio...

Accounting
Q

1. Vice president of manufacturing salary 2. Vice president for human Resources salary 3. Plant...

Accounting
Q

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified...

Accounting
Q

The Distance Plus partnership has the following capital balances at the beginning of the current...

Accounting