Bogs company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit margin of 25%. Sales revenue amounted P7,500,000. The general and administrative, and selling expenses are P1,125,000. Determine the amount of cost of goods sold

Q: American Importers reports net income of S50,000 and sales revenue of S625,000. If the company's…

A: Lets understand the basics. Gross profit rate is a rate generated from the sales of the company . It…

Q: Sarasota Corp. reported net sales $ 600,000, cost of goods sold $ 336,000, operating expenses $…

A: Profit margin = Net Income / Net sales where, Net Income = Sales - cost of goods sold - operating…

Q: Pollux Company had the following income statement for last year Sales-$360,000 Less: Cost of goods…

A: A. Average operating assets = (Beginning Assets + Ending assets) / 2 Average operating assets =…

Q: A company has sales of Ghc1,000. The company sell three types of goods. Sixty percent of sales are…

A:

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: For the first three months of the year 2009, Lualhati Company reported total sales of P1,400,000 and…

A: The cost of goods manufactured can be calculated from the cost of goods sold function

Q: Candy Company had sales is $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Formula:

Q: American Importers reports net income of $50,000 and sales revenue of S625,000. If the company's…

A: Cost of Goods Sold - Cost of Goods Sold is the cost incurred by the company for the sale. It…

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: The home furnishings department had net sales of $420,000 and gross cost of merchandise sold of…

A: Gross margin is the sales revenue over and above cost of sales in the business. Markup is the…

Q: A retail company TGT has sales of $1,120,000 and total costs of $955,000, including depreciation and…

A: Profit margin = Net profit / Sales * 100

Q: Cushman Company had $816,000 in net sales, $357,000 in gross profit, and $204,000 in operating…

A: Cost of Goods Sold = Sales - Gross Profit

Q: ollux Company had the following income statement for last year: Sales $360,000 Less: Cost of…

A: Gross profit margin is one of a profitability ratio which helps management to identify or analyze…

Q: financial information is presented here for queen company. Net sales- 80,000 cost of goods sold-…

A: Formula: Gross profit = Net sales - Cost of goods sold

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: Prepare a traditional format income statement for the next quarter.         Milden Company…

A: Income Statement shows all incomes and expenses in the business and at the end it shows net income…

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: 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: 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: Cushman Company had $824,000 in sales, sales discounts of $12,360, sales returns and allowances of…

A: Calculation of gross profit are as follows:

Q: East Mullett Manufacturing earned operating income last year as shown in the following income…

A: Average Operating Assets = (Beginning Operating Assets + Ending Operating Assets)/2 Margin = Net…

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Gross Profit ratio = [(Sales - Cost of goods sold)/Sales]

Q: A company had £270,000 in sales; £150,000 in goods available for sale; ending finished goods…

A: The Beginning inventory can be calculated by adding up ending inventory and deducting net purchase…

Q: A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold…

A:

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: 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: The weighted-average cost method is used by Mendez, Inc. Sales are $90,000, the number of units…

A: The gross profit is the amount left after subtracting the cost of goods sold from the sales. And the…

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: Darby Company, operating at full capacity, sold 135,300 units at a price of $72 per unit during the…

A: Answer to the First part:- Total Variable Cost for the current year is as follows:- Particulars…

Q: What is the gross margin percentage

A: Gross margin is the net gain an entity recieved on selling goods without considering expense that is…

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: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…

A: Turnover refers to the total amount of sales build up by a business in a particular period of time.…

Q: Cushman Company had $842,000 in sales, sales discounts of $12,630, sales returns and allowances of…

A: Gross profit is an excess of revenue over the cost of goods sold. It is the profit before deducting…

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Sales = $320,000 COGS = $112,000 Gross profit = Sales-COGS                     = 320,000-112000…

Q: o. Horner Corporation reported net sales of $150.000, cost of goods sold of $96,000, operating…

A:

Q: The following are information for XYZ Company: • Gross sales - P3,000,000 Items returned by…

A: Transportation cost does not reduce sales becuase these are operating expenses.

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: Quartz Corporation had the following account balances: Sales, $875,000; Sales Returns and…

A: The sales is the sum of gross sales revenue after netting off any discounts, returns and allowances…

Q: A company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Cost of goods sold - Cost of Goods Sold is the cost incurred to sell the goods to the customer. The…

Q: Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000,…

A: Introduction: Profit margin: It tells the profitability of the company so its a profitability ratio.…

Q: Darby Company, operating at full capacity, sold 124,200 units at a price of $84 per unit during the…

A: 1.   Variable costs $Fixed costs Cost of goods sold (3,696,000 in 60:40) $2217600 1478400…

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: Our company is a manufacturer and has the following data available for the current year: sales,…

A: Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - Ending…

Q: A company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Cost of goods sold is the actual cost of goods that is being sold to the customers. Net Sales is the…

Q: Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 20Y2, are as…

A: Single-step income statement: It is an income statement format in which a single subtotal of all…