uop acc 290 new,uop acc 290 new,uop acc 290 new complete course,uop a UOP ACC 290 Final Description NEW | Page 7
operating expenses.
cost of goods sold plus operating expenses.
Question 19
Under the perpetual system, cash freight costs incurred by the
buyer for the transporting of goods is recorded in which
account?
Freight-In
Inventory
Freight Expense
Freight-Out
Question 20
Financial information is presented below:
Operating expenses
$ 25000
Sales revenue
175000
Cost of goods sold
125000
The profit margin ratio would be
Question 21
Financial information is presented below:
Operating expenses $ 31000
Sales returns and allowances 6000
Sales discounts
5000
Sales revenue 180000
Cost of goods sold 87000