11 question online quiz

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Avpb1998

Business Finance

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business related

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Exam #2 Review: Guided Examples Saved Help Save & Exit Submit Check my work 1 Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 8,500 Ending Inventory 4,500 Expenses 1,800 Net Purchases 9,500 Net Sales 16,500 0.5 points eBook Krug Service Company Expenses $ 8,100 Revenues 21,000 Cash 600 Prepaid rent 640 Accounts payable 200 Equipment 1,900 Hint Print Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint. Not all information may be necessary b. Use the above information from a service company and from a merchandiser to compute net income. References a. $ 8,900 Goods available for sale Cost of goods sold Gross profit b. Net income for Krug Service Company Net income for Kleiner Merchandising Company Mc Graw Hill Educatio Prev 1 of 11 Next >
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