A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals a. $743,000. c. $357,000. e. $(193,000). b. $550,000. d. $193,000.

Q: A company has sales of $378,600 and its gross profit is $159,100. Its cost of goods sold equals

A: Cost of Goods Sold means cost incurred by the company to sell the goods to customers. The cost which…

Q: A company has sales of $763,000 and cost of goods sold of $306,000 it's gross profit equals what?…

A: Gross profit can be calculated by deducting the cost of goods sold from the net sales.

Q: A company has net sales of $770,300 and cost of goods sold of $556,300. Its net income is $21,910.…

A: Sales =  $770,300 Cost of goods sold = $ 556,300 Gross Margin = $ 214,000

Q: Assume that the Bubba Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost of…

A: Gross profit: It can be defined as the excess of a company's sales revenue over the cost of goods…

Q: Assume that the Acct 201 Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost…

A: Formula used for calculating Gross profit: Gross profit = Sales revenue - Cost of merchandise sold

Q: A company’s net sales are $675,000, its cost of goods sold is $459,000, and its net income is…

A: Answer: a.32%

Q: - If the sales of a business are 2.400.000 TL and the cost of goods sold is 400.000 TL, what is the…

A: Gross Profit: Difference between the sales and the cost of goods sold is called gross Profit. Gross…

Q: A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was…

A: Given: Net sales = $221,100 Cost of goods sold = $75,800 Gross profit = $145,300

Q: 8. Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating…

A: Profit Margin is nothing but the net profit ratio. Profit margin shows profitability of company, it…

Q: 0,000. The cost of the goods sold is $4,698,000. a.  What is the amount of the gross profit? $

A: a) Amount of gross profit= Sales - Cost of goods sold= $8,100,000 - $4,698,000= $3,402,000

Q: If Ayayai Corp. has net sales of $523000 and cost of goods sold of $350000, Ayayai gross profit rate…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are RO…

A: Gross profit = Sales revenue - Cost of goods sold Net profit = Gross profit - Operating expenses

Q: A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals:…

A: The question is based on the concept of Accounting Ratios.

Q: Dr. Zhivàgo Diagnostics Corp.'s income statement for 20X1 is as follows:          Sales $…

A: The profit margin is a calculation of the profitability of a firm, which explains the percentage of…

Q: If the net sales 1250 000 ID selling expenses 250 000 ID., Administrative expenses 250 000 ID., the…

A: Introduction: Gross profit: Deduction of cost of goods sold from the sales value drives the Gross…

Q: Sales revenue                            400,000        Total Revenue…

A: Profit margin is the measurement of company’s earning in respect to the revenues generated by it. It…

Q: Cupery Co. has net sales of $105,000, cost of goods sold of $70,000, and operating expenses of…

A: Gross Profit = Net Sales - Cost of Goods Sold   Gross Profit Rate = Gross Profit Net Sales * 100

Q: Given: The Company showed Cost of Goods Sold amounting to P440,000 and its gross profit rate is 45%.…

A: Gross profit ratio is a profitability ratio that calculates the percentage of sales that exceed the…

Q: A company made net sales revenue of $500,000, and cost of goods sold totaled $300,000. Calculate its…

A: When two numerical values are compared with each other, the result is known as a ratio. Ratio…

Q: Q5: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating…

A: The gross profit is calculated as difference between sales and cost of goods sold.

Q: A company shows the following balances: Sales $1,000,000 225,000 25,000 600,000 Sales Returns and…

A: Gross profit is calculated as difference between sales and cost of goods sold.  Gross profit % is…

Q: Sales Cost of Sales Gross Profit Operating Expenses (b) Net Income P75,000 (a) P40,000 P17,000

A: Gross profit is the difference between sales and cost of sales. Net Income is the difference between…

Q: hat is the net i

A: As per rule, allowed to answer first question and post the remaining in the next submission.

Q: Operating Goods Sold ($) Margin Expenses (S) Cost of Gross Net Sales Net Profit $4,234,000 S…

A: The income statement is prepared to determine the net income of the business by subtracting the…

Q: If the amount of net sales is RM23,000, net purchase is RM10,000 and the cost of sales is RM2,450,…

A: Gross Profit =Net Sales - Cost of goods sold

Q: A firm has cost of goods sold of $6,570, gross profit of $5,860, and operating expenses of $3,210.…

A: Total operating expenses include the cost of goods sold and other operating expenses such as…

Q: A company has sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals:

A: Sales - Cost of goods sold = Gross profit

Q: If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and…

A: Gross profit = Sales - cost of sales = OMR 90,000 - OMR 65,000 = OMR 25,000

Q: 2. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 300,000 RO…

A: Gross Profit Ratio: It is the relationship between the gross profit and net sales Net Profit Ratio:…

Q: Sales Cost of goods sold P800,000 480,000 320,000 Gross Profit Operating expenses 40,000 Selling…

A: Comparative financial statements are prepared to analyze the financial statements of the company. It…

Q: Deton pen Manufacturers sales= $980,000 cost of goods sold represented 64 percent of sales.…

A: Net income of an firm can be calculated by subtracting the cost of goods sold and other expenses…

Q: a company has sales of 763000 and cost of goods sold of 306,000 its gross profit equals  (457,000)…

A: Gross Profit:-It is the amount company receives when the cost of the product deducted from total…

Q: SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000…

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

Q: If the net sales 1250 000 ID ., selling expenses 250 000 ID., Administrative expenses 250 000 ID.,…

A: Solution:- Calculation of Gross profit as follows under:-

Q: Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net…

A: Return on total asset is a financial measure to calculate the net income earned by the company…

Q: .Net Sales is equal to P200, 000 and Cost of Goods Sold totaled P65, 000. What is the Gross Profit?…

A: Gross Profit is the sum of all salaries, wages, interests, etc. before any deductions and taxes.…

Q: Cupery Co. has sales revenue of $117,000, cost of goods sold of $60,000, and operating expenses of…

A: Gross profit = Sales - Cost of goods sold Net profit = Gross profit - Operating expenses Gross…

Q: Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense $168,000…

A: Horizontal analysis is an analysis carried out  horizontally between the line of times which is…

Q: Suppose the net sales is 1,60,000 for a firm and cost of goods sold is 40,000. Calculate gross…

A: Gross Profit Ratio is a financial ratio that measures the performance and efficiency of a business…

Q: If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000,…

A: The gross profit is calculated as difference between sales and cost of goods sold. Gross profit= Net…

Q: revenue from sales is P98,760; sales return is P35,500; cost of goods sold is P8,490; salaries cost…

A: Computation of gross profit as well as net profit are as follows:

Q: 4. Prepare a multi-step Statement of Comprehensive Income using the following: • Sales – P20,000 •…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Brad Gravel Pitt Company has sales of $495,000 and cost of goods sold of $302,000. Selling and…

A: Gross profit is the excess of sales over the cost of goods sold. It shows the profit earned by the…

Q: If the operating expenses of the company amounted to P50,000, gross sales amounted to P420,000, and…

A: Operating expenses are those expenses which are related with the main business operations. It…

Q: Sales revenue   $104,000   $enter a dollar amount  Sales returns and allowances   enter a dollar…

A: Income statement is a part of financial statement which shows financial performance of the company…