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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Company X sells widgets. The following information summarizes the company's operating activities for the year:

Beginning inventory     $7,000
Sales revenue     $25,000
Sales commissions    $1,000
Rent for office    $2,000
Utilities for the office    $1,500
Purchases    $6,000
Ending inventory    $5,000

What is gross profit?
A) $12,500
B) $21,000
C) $15,500
D) $19,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
wrote...
#2
8 years ago
Answers my question perfectly.
wrote...
#3
5 years ago
Thank
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