Cal Farms reported supplies expense of $2,300,000 this year. The supplies account decreased by $130,000 during the year to an ending balance of $330,000. What was the cost of supplies the Cal Farms purchased during the year? Multiple Choice $2,170,000. $1,970,000. $2,630,000. $2,430,000.

Following is stanley black & decker’s income statement for 2016 (in millions): stanley black & decker, inc. income statement for the year ended december 31, 2016 ($ millions) sales $11,406.9 cost of goods sold 7,139.7 gross profit $ 4,267.2 selling, general and administrative expenses 2,602.0 other operating expenses 268.2 operating income 1,397.0 interest and other nonoperating expenses 171.3 income before income tax 1,225.7 income tax expense 261.2 net income $ 964.5 compute stanley black & decker’s gross profit margin.

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?