Old Oak Winery sold inventory for $330,000, terms 4/10, n/30. Cost of goods sold was $153,000. How much sales revenue will Old Oak Winery report from the sale? (Assume the company records sales at the net amount.)OA. $316,800O B. $153,000O C. $177,000O D. $330,000C Plymouth Realty Group has Cash of $100, Accounts Receivable of $900, and Office Supplies of $700. Plymouth owes $400 on Accounts Payable and has Salaries Payable of $300. Plymouth's current ratio is (Round the current ratio to two decimal places.)OA. 1.00OB. 2.43OC. 0.41O D. 0.50C

1. Computation of sales revenue reported by Old Oak Gross revenue from sale…

Plymouth Realty Group has Cash of $100, Accounts Receivable of $900, and Office Supplies of $700. Plymouth owes $400 on Accounts Payable and has Salaries Payable of $300. Plymouth's current ratio is (Round the current ratio to two decimal places.) OA. 1.00 OB. 2.43 OC. 0.41 OD. 0.50

Plymouth Realty Group has Cash of $100, Accounts Receivable of $900, and Office Supplies of $700. Plymouth owes $400 on Accounts Payable and has Salaries Payable of $300. Plymouth's current ratio is (Round the current ratio to two decimal places.) OA. 1.00 OB. 2.43 OC. 0.41 OD. 0.50

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 4CE: Kulsrud Company would like to estimate the current inventory level. Using the gross profit method...

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Question

Old Oak Winery sold inventory for $330,000, terms 4/10, n/30. Cost of goods sold was $153,000. How much sales revenue will Old Oak Winery report from the sale? (Assume the company records sales at the net amount.)
OA. $316,800
O B. $153,000
O C. $177,000
O D. $330,000
C

Plymouth Realty Group has Cash of $100, Accounts Receivable of $900, and Office Supplies of $700. Plymouth owes $400 on Accounts Payable and has Salaries Payable of $300. Plymouth's current ratio is (Round the current ratio to two decimal places.)
OA. 1.00
OB. 2.43
OC. 0.41
O D. 0.50
C

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