Question: I need the answer as soon as possible 7. What would be the balance of Sales discounts, returns and allowances if you know that Gross

I need the answer as soon as possible I need the answer as soon as possible 7. What would be

7. What would be the balance of "Sales discounts, returns and allowances" if you know that "Gross profit" equals $ 3,000,000, and "Sales revenues" equals $ 4,500,000, and "Cost of goods sold" equals $ 1,000,000? * (3 Points) $ 500,000 $ 1,500,000 None of provided answers is correct O $ 2.500.000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

answer with showing all working 7. What would be the balance of "Sales discounts, returns and allowances" if you know that "Gross profit" equals $ 3,000,000, and "Sales revenues" equals $ 4,500,000,...

Q:

7. What would be the balance of "Sales revenues" if you know that "Gross profit equals 5 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold" equals $...

Q:

7. What would be the balance of "Sales discounts, returns and allowances" if you know that "Gross profit" equals $ 3,000,000, and "Sales revenues" equals $ 4,500,000, and "Cost of goods sold" equals...

Q:

3. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold" equals $...

Q:

3. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold" equals $...

Q:

9. What would be the balance of "Sales revenues" if you know that "Gross profit equals 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold" equals $...

Q:

Help me 8. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold"...

Q:

Help me 8. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold"...

Q:

2. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods sold" equals $...

Q:

Intermediate 12. What would be the balance of "Sales revenues" if you know that "Gross profit" equals $ 2,000,000, and "Sales discounts, returns and allowances" equals $ 500,000, and "Cost of goods...

Q:

Your current employer, Reinzenstein & Jillian Services, an important investment advisory company located in Chicago, has many wealthy clients. One of these clients, Mr. Owen Hyness, is in your...

Q:

Are the governing partners of accounting firms subject to a due diligence requirement similar to that for corporation executives in building an ethical culture? Can a firm and/or its governors be...

Q:

9.34 Consider Exercise 9.33. Use the MSE discussed in Exercise 9.28 to determine which estimator is more efficient. Write out MSE(S2 ) MSE(S2 ) .

Q:

Rivian's exclusivity deal with Amazon for its delivery vans is an example of which relationship type? Vendor Transactional Horizontal Collaboratio Full Collaboration Strategic Alliance

Q:

List and describe three contingency leadership theories.

Q:

Define the following 14 key terms throughout the chapter in bold with their definition in italic

Q:

Briefly describe how the behavioral leadership and contingency leadership theories are interrelated.