Supply the Missing Dollar Amounts for the 20X2 Statement of Earnings

question 82

Essay

Supply the missing dollar amounts for the 20X2 statement of earnings of RDS Company by writing your answer in the table provided for you for each of the following independent cases. Show your computations below the table. $\begin{array}{|l|r|r|}\hline&\text { Case A }&\text { Case B }\\\hline \text { Sales revenue } & \$ 8,000&\$6,000 \\\hline \text { Sales returns \& allowances } & 150&? \\\hline \text { Net sales revenue } & ?&?\\\hline \text { Beginning inventory } & 11,000&6,500 \\\hline \text { Purchases } &5,000&? \\\hline \text { Transportation-in } &?&120 \\\hline \text { Purchase returns } & 350&600 \\\hline \text { Goods available for sale } &?&14,790 \\\hline \text { Ending inventory } &10,000&10,470 \\\hline \text { Cost of goods sold } &?&?\\\hline \text { Gross margin } &?&1,450 \\\hline \text { Expenses } & 1,300&? \\\hline \text { Pre-tax profit } & \$800&\$(500) \\\hline\end{array}$

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Definitions:

Leader's Character

Leader's Character refers to the moral and ethical qualities and traits of an individual in a leadership position, influencing their decision-making and relationships with followers.

Duty Driven

Motivated by a sense of obligation or responsibility towards certain tasks or principles, regardless of personal gain.

Ethical Theory

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Bonuses

Bonuses are additional financial incentives given to employees or individuals beyond their regular salary or earnings, typically as a reward for performance or achieving specific targets.