How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Saikumar Your Own Question
Saikumar
Saikumar, Tutor
Category: Homework
Satisfied Customers: 10
Experience:  Master of Business Adminitrasion in finance and Master of commerce in Finance
13175529
Type Your Homework Question Here...
Saikumar is online now
A new question is answered every 9 seconds

Les Fleurs, a boutique in Paris, France, had the following

Customer Question

Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E")


Purchases………………...
E250,000 Freight In……………… E8,000
Sales discounts…………. 4,000 Purchase returns…….. 7,000
Inventory Sales…………………. 400,000
December 31, 20X1….. 20,000 Purchase discounts…. 3,000
December 31, 20X2….. 30,000 Sales returns…………. 8,000

Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.)

Net sales revenue
Cost of goods sold
Gross profit


Please submit your



Optional Information:
Level: 4; Subject: Accounting

Already Tried:
Many high-technology companies, like Nortel Networks, Micron Technology and JDS Uniphase, have written down massive amounts of their inventory. For example, Nortel Networks revalued some of its inventory parts at $0, though the inventory initially cost Nortel $650 million.

Companies are required to report whether the

 

need by 7pm 2/1/09

Submitted: 8 years ago.
Category: Homework
Expert:  Saikumar replied 8 years ago.
THIS ANSWER IS LOCKED!

You need to spend $3 to view this post. Add Funds to your account and buy credits.
Customer: replied 8 years ago.
You missed the deadline i needed it by. sorry

Related Homework Questions