A business usually has a mark-up of 20% on cost of sales. During a year, its sales were $90,000. What was cost of sales?  A $15,000  B $72,000  C $18,000  D $75,000

Q: Alta Construction days sales outstanding is 50 days (365 days in a year). The company’s accounts…

A: Financial ratios give us an idea about the financial performance of the company. Inventory turn over…

Q: ABC Company has sales of $500,000, COGS of $250,000, operating expenses of $200,000, net income of…

A: Formula: Times interest ratio = Operating income / interest expense

Q: The sales and profit during the years were as follows : Profit Year Sales 2010 2,40,000 30,000 2011…

A: The solution is given below

Q: A company has total annual sales (all credit) of Rs.400,000 and a gross profit margin of 20 percent.…

A: Given  Total annual sales (all credit)=Rs.400,000  Gross profit margin of 20% Current…

Q: A company buys 2mm items for $3 each and sells 1mm of those items during a year for $6 each.…

A: EBITDA: EBITDA is an acronym of earnings before interest, taxes, depreciation, and amortisation, is…

Q: 6. Sheryl's Shipping had sales last year of $13,000. The cost of goods sold was $7,100, general and…

A: Earnings before interest and taxes are the earnings that company has earned after receiving the…

Q: If a business had sales of $4,219,000 and a margin of safety of 20%, the break-even point was Oa.…

A: Explanation:   Margin of safety will be  formula = Actual sales - Break even point  Sales…

Q: Ash Company reported sales of $550,000 for Year 1, $600,000 for Year 2, and $650,000 for Year 3.…

A: Trend percentages are used to compare two or more financial percentages. These trend are used to…

Q: In a period, sales are $140,000, purchases $75,000 and other expenses $25,000. What is the figure…

A: Net profit = Total sales - Total expenses

Q: Gross profit ratio of a company was 25%. Its credit sales was $ 20,00,000 and its cash sales was…

A: We have the following information: Gross profit ratio: 25% Credit Sales: $2,000,000 Cash Sales: 10%…

Q: Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the…

A: SOLUTION- FORMULA= PERCENTAGE INCREASE IN SALES FROM  YEAR 1 TO YEAR 2=  CHANGE IN SALES FROM YEAR 1…

Q: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…

A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…

Q: If a business had sales of $3,894,000 anda margin of safety of 20%, the break-even point in sales…

A: Formula used for calculating Break even point in sales dollars: = Business sales value x ( 100 % -…

Q: Steel Scrap Trader sells its product at a Gross Margin of 25% on Sales. Its Annual Sales are…

A: Inventory turnover ratio sales divided by average inventory.

Q: Number of units sold: 160,000 units average inventory: 5,000 units revenues: $700,000 cost of…

A: SOLUTION- 1                                                      INVENTORY TURNOVER RATIO FORMULA=…

Q: Rappaport Corp.s sales last year were $320,000, and its net income after taxes was $23,000. What was…

A: Profit Margin on Sales = Net Income after taxes / Sales

Q: If a business had sales of $3,510,000 and a margin of safety of 20%, the break-even point was Oa.…

A: Formulas: Margin of Safety = (Sales - Break even Sales) / Sales

Q: Ieso Corporation has two stores: J and K. During November, Ieso Corporation reported a net operating…

A: Fixed cost means the cost which do not vary with the level of output where as variable cost will…

Q: If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit…

A: Gross Profit:   Gross Profit is the difference between the net sales, and the cost of goods sold.…

Q: Last year, a company reported sales of $715.5k, a contribution margin ratio of 39.25% and a net loss…

A: Break even point means a point where firm is neither earning profit nor incurring any loss. For…

Q: Cost of goods sold = 100,000 Merch at Beginning = 50,000 Merch at End = 45,000 Acct Payable…

A: Given that: Cost of goods sold = 100,000 Merch at Beginning = 50,000Merch at End = 45,000 Acct…

Q: Lemon Auto Wholesalers had sales of $1,000,000 last year, and cost of goods sold represented 78…

A: The question is based on the concept of business transaction analysis.

Q: Selling expenses are expected to be 20% of sales and profit before tax is profit is to amount to…

A: Selling Price:The selling price of a product or service is the seller’s final price, i.e., how much…

Q: Net sales amounted to P50,000 with cost of sales representing 75%. If operating expenses is 10% of…

A: Net income = Sales * ( 1 - Cost of sales ) - Operating expense

Q: Billy's Chrystal Stores Inc , has assets of $5,000,000 and turns over its assets 1.2 times per year.…

A: Return on assets = Profit / Assets

Q: A large manufacturing company has its accounts receivables Rs. 100 million, and days to sales…

A: In this question, we have been asked to calculate Inventory Turnover Ratio for which we are given…

Q: Sales revenue for XYZ Company is $1,000,000. The cost of goods sold is $450,000 and the operating…

A: The following calculations are done in the records of XYZ Company to evaluate the residual income of…

Q: Encore Construction days sales outstanding is 50 days (365 days in a year). The company’s accounts…

A: Inventory Turnover Ratio is an activity ratio which defines the number of times a corporation is…

Q: Company XYZ made total sales of $250,000 during the month of December. The company also incurred…

A: Current variable expenses = Total expenses x (100 - 60%) = $50,000 x 40% = $20,000 Fixed expenses =…

Q: If a business had sales of $3,894,000 and a margin of safety of 20%, the break-even point in sales…

A: Introduction: Break even point: The point where there is no profit nor loss to the company for the…

Q: Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total…

A: Contribution Margin: It is the aggregate amount of revenue that is available after total expenses…

Q: Flamengo Co is a sporting goods manufacturing company. Last year, report the following information:…

A: Profit margin refers to how much profit earn by a company from its total sales made during the year.

Q: ABC LCC sells its products on a gross profit of 20% on sales. The following information Is extracted…

A: Given, Sales $4000000 Gross profit margin is 20%

Q: A company has a turnover of SEK 15,000,000. The supplier credit period is on average 28 days. The…

A: Calculation of current working capital: Given, Turnover = SEK 1,50,00,000   Cash = 6% of turnover…

Q: Hydroflask reported profit after tax of ₱42,000. Hydro’s income tax rate is 30%. Operating expenses…

A: Profit before tax =  profit after tax / (1 - tax rate) = ₱42,000 / (1 - 0.30) = ₱60,000

Q: During the current year, goods sold in cash was $40,000 and $100,000 on credit. The cost of goods…

A: Formula: Gross profit = Sales - Cost of goods sold.

Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…

A: The cost of goods available for sale is the cost that is incurred to produce the goods that are…

Q: Calculate net profit ratio from the following data: Sales returns 1,00,000 Administration expenses…

A: Net Profit is calculated by subtracting all the indirect expenses from the Gross Profit computed and…

Q: alculate Average Payables Periods For the first year, Hawkeye, Inc., has a cost goods sold of…

A: Cost of goods sold = $95318 Accounts payable balance = $22816

Q: Company XYZ made total sales of $250,000 during the month of December. The company also incurred…

A: Current variable expenses = Total expenses x (100 - 60%) = $210,000 x 40% = $84,000 Fixed expenses =…

Q: times-interest-earned ratio

A: Times interest earned ratio = Earnings before interest and taxes/Interest expense

Q: a companys sales in year 1 350,000 and in year 2 387,500 using year 1 as the base year the percent…

A: Formula: Charge for year 2 = ( Year 2 value - year 1 value ) / year 1  Deduction of year 1 sales…

Q: A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending…

A: Account payable = $ 75000 Opening balance = $ 30000 Closing balance = $ 80000 COGS = $ 500,000…

Q: Viper Construction’s days sales outstanding is 50 days (on a 365-day basis). The company’s accounts…

A: Days sales outstanding  = (Accounts receivable / Sales) x 365

Q: If a business had sales of $3,894,000 and a margin of safety of 20%, the break-even point in sales…

A: Formula: Break even point in sales dollars = Sales value x ( 100 - Margin of safety )

Q: Company XYZ made total sales of $250,000 during the month of December. The company also incurred…

A: Expected operating profit = Expected sales - Expected Variable costs - fixed cost

Q: Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000.…

A: PROFIT MARGIN=NET INCOME AFTER TAXSALES

Q: Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash…

A: Cash conversion cycle can be calculated by using this equation Cash conversion cycle =Inventory…