Kleiner merchandising company accumulated depreciation $ 700 beginning inventory 13,500 ending inventory 8,100 expenses 2,300 net purchases 17,500 net sales 26,500 krug service company expenses $ 10,500 revenues 31,000 cash 850 prepaid rent 600 accounts payable 200 equipment 2,800 required:
a. compute the goods available for sale, and the cost of goods sold and gross profit for the merchandiser. hint: not all information may be necessary.
b. use the above information from a service company and from a merchandiser to compute net income.

Check the following explanation

Explanation:

a) Goods available for sale = Beginning Inventory + Net Purchases

13500 + 17500 = 31000

Cost of goods sold = Goods available for sale - Ending Inventory

31000 - 8100 = 22900

Gross Profit = Net Sales - Cost of goods sold

26500 - 22900 = 3600

b) Net Income for Krug Service Company = Revenues - Expenses

= 31000 - 10500

= 20500

Net Income for Kleiner Merchandising Company = Gross Profit (Computed Above) - Expenses

= 3600 - 2300

= 1300

According to Amazon, the demographics report “shows Brand Owners the breakdown of their Amazon customers (in aggregate) by age, household income, education, gender, and marital status.

hope this helps <3