Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
goji.go goji.go
wrote...
Go to Answer
Posts: 5977
Rep: 293 0
9 years ago
Herman Appliance buys and sells refrigerators. Herman starts the year with an inventory of $20,000. During the year, Herman buys refrigerators totaling $182,000. At year-end, Herman takes inventory and finds that he has $28,000 of refrigerators on hand. During the year, Herman's sales revenue was $256,000. What was Herman's gross profit on the sales for the year?
      a.   $54,000
      b.   $66,000
      c.   $74,000
      d.   $82,000
Read 331 times
3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
#1
Top Poster
Posts: 10774
Rep: 1064 3
9 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1065 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4481
  
 77
  
 36
Your Opinion
Which country would you like to visit for its food?
Votes: 261
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?