x.Hmss=\"questionWrap\"> 1-Acompany had sales of $388,000 and its gross profit w

Question

x.Hmss="questionWrap"> 1-Acompany had sales of $388,000 and its gross profit was $155,000. Itscost of goods sold equals: A-$(233,000). B- $233,000. C- $543,000. D- $155,000. E-$(543,000).
2-Breanna Boutique reported the following year-end information:

  Cash $54,000   Short-term investments 1-Acompany had sales of $388,000 and its gross profit was $155,000. Itscost of goods sold equals: A-$(233,000). B- $233,000. C- $543,000. D- $155,000. E-$(543,000).
2-Breanna Boutique reported the following year-end information:

  Cash $54,000   Short-term investments A-$(233,000). B- $233,000. C- $543,000. D- $155,000. E-$(543,000).
2-Breanna Boutique reported the following year-end information:

  Cash $54,000   Short-term investments A-$(233,000). B- $233,000. C- $543,000. D- $155,000. E-$(543,000).

Explanation / Answer

2. B-3.50 and .91 3. E-24.1% 4. D- $588. 5. A-$187,900. 6. 7. A- Cash 4,992   Sales discounts 208     Accounts receivable 5,200

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