Ryan Fitts_Accounting_unit_5

Ryan Fitts_Accounting_unit_5 - gross profit 855,225 ues and...

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a) merchandise sold 2,850,750 cost of merchandise 1,995,525 b) gross profit percentage 30% C) Yes it will be shown in the income statement because it emphasizes on the total revenu expenses as the factors that determine net income.
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Unformatted text preview: gross profit 855,225 ues and total A) Net sells $3,559.05 B) Gross Profit 1,083,550 A)selling A)selling B)administrative C)other C)other A)selling B)administrative B)administrative...
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This note was uploaded on 05/26/2011 for the course ACCT 113 taught by Professor Sherrykamradt during the Summer '10 term at Kaplan University.

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Ryan Fitts_Accounting_unit_5 - gross profit 855,225 ues and...

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