ANSWER ASAP THANKS! Company's cost of sales is 125% of gross profit. If Sales amounts to 400,000, and Net Income is 40%. Compute for: Cost of Sales, Gross Profit, and Operating Expense.
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- During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?Company X reports $200,000 in sales of Widgets in 2019. The Costs of Goods sold for these Widgets is $90,000. All other operating expenses (SG&A, R&D, Depreciation, Other, etc.) are $50,000. Which of the following is the correct representation of the profitability ratios: Gross Profit Margin 45%, Operating Margin 30%. Gross Profit Margin 55%, Operating Margin 30%. Gross Profit Margin 45%, Operating Margin 20%. Gross Profit Margin 55%, Operating Margin 20%.Sales is 160% of Cost of Goods Sold. The company had a profit after tax of (40,000). If tax rate is 20%, and operating expenses is 50,000. Compute for the following: Sales, Cost of Goods Sold, Gross Profit, Net Income Before Tax, and Income Tax Expense. ANSWER ASAP PLEASE!
- A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:Financial information is presented below: Operating expenses $ 40,000 Sales revenue 200,000 Cost of goods sold 150,000 Gross profit would be Group of answer choices $160,000. $ 40,000. $ 50,000. $ 10,000.Calculate the net profit for a company given the following information: Total revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $25,000, and Taxes = $10,000.
- XYZ Company has the following information for the year: Sales revenue: $500,000 Cost of goods sold: $200,000 Operating expenses: $100,000 Other income: $10,000 Tax rate: 25% Calculate the company's operating income and net income for the year.Carr Auto Wholesalers had sales of $1,040,000 in 20XX, and the cost of goods sold represented 74 percent of sales. Selling and administrative expenses were 12 percent of sales. Amortization expense was $11,000 and interest expense for the year was $14,000. The firm’s tax rate is 30 percent. Q: Compute earnings after taxes using the percentage-of-sales method. (Image 1 is the reference) Q: Assume the firm hires Ms. Hood, an efficiency expert, as a consultant. She suggests that by increasing selling and administrative expenses to 14 percent of sales, sales can be increased to $1,090,200. The extra sales effort will also reduce cost of goods sold to 70 percent of sales (There will be a larger mark-up in prices as a result of more aggressive selling). Amortization expense will remain at $11,000. However, more automobiles will have to be carried in inventory to satisfy customers, and interest expenses will go up to $21,200. The firm’s tax rate will remain at 30 percent. Compute revised…P5-5A Profitability Analysis Kolby Enterprise reports the following information on its income statement: net sales 250,000, cost of goods sold 150,000, selling expenses 50,000, Administrative expenses 10,000, other income 15,000, other expense 10,000. Required Calculate Kolby's gross profit percentage and return on sales ratio. Explain what each ratio tells us about Kolby's performance. Kolby is planning to add a new product and expects net sales to be $45,000 and cost of goods to be 38,000. No other income or expand are expected to change. How will this affect Kolby's gross profit percentage and return on sales ratio? What do you advise regarding the new product offering?
- Adriana Co., with annual net sales of $5 million, maintains a markup of 25% based on cost. Adriana’s expenses average 15% of net sales. What is Adriana’s gross profit and net profit in dollars?If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit percentage is 70%. 30%. 15%. 100%.The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales Sales required to earn a profit of $25,000 Profit when sales are $200,000
