Cost of Goods Sold Gross Operating Expenses Net Sales Net Profit ($) Margin ($) $336,500 $132,200 $ $109,000
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000Sales revenue $39,900 $75,300 $573,800 $35,400 $55,100Cost of goods sold 19,000 49,500 265,900 19,300 30,200Operating expenses 10,100 40,500 233,700 11,900 18,300 Total expenses 29,100 90,000 499,600 31,200 48,500Operating profit (loss) $10,800 $(14,700) $74,200 $4,200 $6,600Identifiable assets $35,200 $79,900 $493,400 $66,300 $49,900 Prepare the necessary disclosures required by GAAPUse the following information (in thousands):a. ¥126,000 d. ¥63,000Answer:1Sales revenue¥300,000 Gain on sale of equipment90,000 Cost of goods sold164,000 Interest expense16,000 Selling & administrative expenses30,000 Income tax rate30%Determine the amount of net income.
- Calculate the sales from the given information Cost of goods sold is $38,000 Net income is $14,625 Depreciation is $5000 Tax rate is 35% A. $35,500 B. $51,619 C. $69,000 D. $64,000Cost of goods sold :- Sales - gross profit = 1000000 - 400000 = 600000 Calculation of total expenses:- (Depreciation + advertisement exp. + Rent + salaries + commission + other exp. ) = (80000 + 60000 + 15000 + 56000 + 5000 + 7000) = 223000 Calculation of Gross profit margin:- Formula = sales - cost of goods sold = 1000000 - 600000 = 400000 Calculation of gross profit percentage margin:-Formula = (Gross profit margin / sales)*100 = (400000 / 1000000)*100 = 40% Calculation of net profit margin:- Formula = Gross profit - total expenses = 400000 - 223000 = 177000 Calculation of net profit percentage margin: - Formula = (Net profit / Net Sales)*100% = (117 000/ 1 000 000) *100 = %17.7 Calculation of Current Ratio: - Formula = Current Assets / Current Liabilities = 135 000/ 47 000 = 2.87 : 1 Calculation of Acid Test Ratio: - Formula = Liquid Assets / Current Liabilities Liquid Assets = Cash + Accounts Receivables = 100 000 + 20 000 = 120 000 Acid Test ratio = 120 000/ 47 000 = 2.55 : 1…If the gross profit 196 000 ID, other revenue and gains 4 360 ID , operating expenses 143.900 ID, net purchases 1200000ID the net profit is:
- How much is the cost of goods sold of the branch to be included in thecombined financial statements? A. 900,000B. 1,500,000C. 1,200,000D. 1,800,000Holdaway's cost of Goods sold is a. 257,000 b. 270,500 c. 261,000 d. 269,500What is the total cost of the purchases? a. P1,425,000 b. P1,550,000 c. P1,675,000 d. P1,625,000
- Question: 1) Determine the profit/loss figure from the information given below: Sales : $90 000 cost of goods sold : $30 000 other expenses : $65 000 Total Assets : $10 000 required: please answer this question by determining the correct profit/ loss figure from the information above.What is the cost of goods sold? 5,387,500 5,375,000 5,344,300 5,331,900what is the missing infomation Net Sales Cost of Goods Sold Gross Margin Operating Expenses Net Profit 1. $565,700 $244,600 $321,100 $276,400 $44,700 2. $4,232,000 $2,362,000 $1,870,000 $1,210,500 $659,500 3. $705,300 $398,450 $306,850 $196,525 $110,325 4. $334,500 $132,300 blank 1 $108,000 blank 2 5. $1,640,000 ANSWER $760,000 $354,780 ANSWER 6. blank 5 $257,000 $418,530 blank 6 $84,370