The accounts of Fluffy and Ruffly Pet Services show net sales of $63,000, operating expenses of $15,750, gross profit of $37,800, and profit before tax of $22,050. What was the cost of the inventory sold during the year?Group of answer choices$15,750$25,200None of the other answers$40,950$47,250Next

The accounts of Fluffy and Ruffly Pet Services show net sales of $140,000, operating expenses of $56,000, gross profit of $85,000, and net income of $29,000. What was the profit margin?Group of answer choices19.3%40.0%20.7%60.7%

At the end of the accounting period, prior to any closing entries, the balance of Fluffy and Ruffly Pet Services accounts included: the cash account $160,000, service revenue $210,000, and cost of goods sold $126,000. The profit for the period was $6,300. The closing entries results in the:Group of answer choicescash decreasing by $160,000, service revenue increasing by $210,000, cost of goods sold increasing by $126,000, and retained profits decreasing by $6,300.cash remaining unchanged at $160,000, service revenue decreasing to $0, cost of goods sold decreasing to $0, and retained profits decreasing by $6,300.cash remaining unchanged at $160,000, service revenue decreasing to $0, cost of goods sold decreasing to $0, and retained profits increasing by $6,300.None of the other answerscash decreasing to $0, service revenue decreasing to $0, cost of goods sold decreasing to $0, and retained profits decreasing to $0

Question 5Please use this information for Question 5 - 9:School’s back in session and Stan at ‘The Bizzy Bee’ has sold 85 of his Fidget Bands this week alone, and at the end of September, he had sold 142 total. He purchased 500 of them in August at $1,200 including shipping, and he is selling them for $12.99 each.   What is the purchase cost (or inventory value cost) for those 500 units before any sales? (Format your answer as $x,xxx)

Fluffy and Ruffly Pet Services reported $140,000 for current assets and $196,000 for other assets. It also had $49,000 of current liabilities and $78,400 of long-term liabilities. The quick assets totalled $84,000. What is the amount of working capital?Group of answer choices$35,000$208,600$117,600$91,000None of the other answers

Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 12 units that were sold? Date Activities Units Acquired at Cost Units Sold at RetailAugust 1 Beginning inventory 10 units @ $44 = $440  August 3 Purchase 20 units @ $46 = $920  August 6 Sales   12 units soldMultiple Choice$502.$504.$532.$548.$460.