Following Is a Random List of Some of the Accounts

question 2

Essay

Following is a random list of some of the accounts and their December 31, 2019, balances for Milita Merchandising. Milita Merchandising uses a periodic inventory system and all account balances are normal. $$\begin{array} { l r } \text { Purchases } & \$ 330,000 \\\text { Sales revenue } & 470,000 \\\text { Interest revenue } & 23,000 \\\text { Salary expense } & 45,000 \\\text { Freight in } & 17,000 \\\text { Purchase discounts } & 31,000 \\\text { Sales returns and allowances } & 40,000 \\\text { Interest expense } & 18,000 \\\text { Delivery expense } & 24,000 \\\text { Sales discounts } & 27,000 \\\text { Insurance expense } & 16,000 \\\text { Purchase returns and allowances } & 49,000 \\\text { R. Milita, Capital } & 35,000 \\\text { Utilities expense } & 14,000 \\\text { Amortization expense-equipment } & 10,000 \\\text { R. Milita, Withdrawals } & 18,000\end{array}$$ The beginning and ending amounts for inventory are $58,000 and $65,000, respectively.
Calculate the following for Milita Merchandising: $\begin{array}{llcc} \text { Net sales revenue } &\$\underline{\quad\quad} \\ \text { Net purchases} &\$\underline{\quad\quad}\\ \text { Cost of goods available for sale } &\$\underline{\quad\quad}\\ \text { Cost of goods sold} &\$\underline{\quad\quad}\\ \text {Gross margin } &\$\underline{\quad\quad}\\ \text { Operating income } &\$\underline{\quad\quad}\\ \text { Net income } &\$\underline{\quad\quad}\\\end{array}$

---

Definitions:

Internal Bleed

Bleeding occurring within the body, which may not be immediately visible from the outside but can lead to significant medical complications or death if not promptly addressed.

Postoperative Patient

An individual who is in the recovery phase following surgical intervention.

Nursing Diagnosis

An evaluation by health professionals about how individuals, families, or communities are responding to actual or potential issues related to their health or life situations.

Severely Confused

A state of extreme disorientation and lack of clarity in thought and comprehension, often signaling an underlying health issue.