subject
Business, 16.10.2019 02:20 jadajones5313

Required information pa6-5 preparing a multistep income statement and computing the gross profit percentage [lo 6-5] [the following information applies to the questions displayed below.] big tommy corporation is a local grocery store organized seven years ago as a corporation. the bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format): big tommy corporation profit and loss december 31 debit credit net sales $ 356,700 cost of goods sold $ 255,000 salaries and wages expense 52,000 office expenses 11,500 travel expenses 1,000 income tax expense 11,160 net profit 26,040 totals $ 356,700 $ 356,700 pa6-5 part 2 compute the gross profit percentage. (round your answer to 1 decimal place.)

ansver
Answers: 3

Another question on Business

question
Business, 23.06.2019 04:50
Which of the following results from the latest decision round is most important in providing guidance to company managers make in strategic moves and decisions to improve their companies competitiveness and rank among the top-performing companies in the current decision round
Answers: 3
question
Business, 23.06.2019 13:10
Barry owns a 50 percent interest in b& b interests, a partnership. his brother, benny, owns a 35 percent interest in that same partnership, and the remaining 15 percent is owned by an unrelated individual. during 2016, barry sells a rental property with a basis of $60,000 to b& b interests for $100,000. the partnership intends to hold the rental as inventory for resale. what is the amount and nature of barry’s gain or loss on this transaction?
Answers: 1
question
Business, 23.06.2019 13:20
Which type of tax is imposed on specific goods and services at the time of purchase? question 12 options: estate excise general sales value-added
Answers: 1
question
Business, 23.06.2019 14:00
Explain the law of diminishing marginal utility as the basis for the slope of the travellers demand curve
Answers: 2
You know the right answer?
Required information pa6-5 preparing a multistep income statement and computing the gross profit per...
Questions
Questions on the website: 13722361