Each of the following gross profit percentages is expressed in terms of cost. 1.    20%. 3.    33⅓%. 2.    25%. 4.    50%. Instructions Indicate the gross profit percentage in terms of sales for each of the above.

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: When the gross profit percentage of costs is 32%, the gross profit percentage of sales is equal to:…

A: Gross profit % is calculated by the formula such as :- Gross profit % = Gross profit /revenue.

Q: Each of the following gross profit percentages is expressed in terms of cost. 1. 22%. 2. 28%. 3.…

A: Gross profit on sale = Gross profit rate / ( 100 + Gross ptofit rate ) * 100

Q: When the gross profit percentage of sales is 30%, the gross profit percentage of costs is equal to:…

A: % of gross Profit =   ( Gross Profit / Sales) * 100

Q: Using $3,040,000 as the cost of goods manufactured, compute the cost of goods sold using the…

A:

Q: Cost of Gross Operating Expenses Net Sales Net Profit ($) Goods Sold Margin ($) $336,500 $132,200 24…

A: Introduction: Deduction of operating expenses from from Gross margin value derives the Net profit.…

Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…

A: In the above question we have asked to select correct answer from the given options which are as…

Q: Consider the following data: Fixed expenses Unit selling price Variable cost ratio Tax rate…

A: No. of units need to sell to earn desired profit = (Desired profit before tax + Fixed costs) /…

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 following data is from the income statement of Ralston Company: $ 2,500 (1,350) (650) Revenue…

A: Gross margin = Sales - Cost of goods sold Gross margin percentage = Gross margin/Sales

Q: Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company.…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Wilkins Manufacturing has ar and a gross profit margin of inventories are Quarter Inventory 1.. $…

A: Average inventory can be referred to as the average amount of inventory available over a specified…

Q: What are the net sales from the following income statement? Income Statement Sales $12,900 Returns…

A: Introduction: Sales are any operating incomes earned by a company thru the business activities, such…

Q: the net sales 159 150 ID , beginning finished goods inventory 16 500 ID ,Cost of goods manufactured…

A: The Numerical has covered the concept of Gross Profit The Gross Profit is appeared in the Income…

Q: If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods…

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

Q: Calculate the missing information based on the format of the income statement. Net Sales Cost of…

A: Net income: Net income is the revenue of the company after deducting all the expenses and taxes. It…

Q: Calculate gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and…

A: given Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 4000.

Q: Income statement information for Einsworth Corporation follows: Sales $280,000 Cost of goods sold…

A: The vertical analysis is a part of the comparative analysis. This analysis helps to analyze the…

Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and…

A: Gross Profit Margin Ratio = (Gross profit/Net sales) *100 where gross profit = Net sales - Cost of…

Q: Cost of Goods Sold Gross Operating Expenses Net Sales Net Profit ($) Margin ($) $336,500 $132,200 $…

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

Q: Consider the following data: Sales -- P 100,000; Gross Profit rate based on sales -- 30%; Goods…

A: Ending Finished goods =  Goods Available for Sale - Cost of goods sold where, Cost of goods sold =…

Q: Calculate the missing information based on the format of the income statement. Cost of Gross…

A: Given: Net sales = $4,234,000 Gross margin = $1,850,000 Net profit = $659,500

Q: Using the information below, calculate gross profit for the period. Sales $1,264,000 Selling…

A: Gross profit :— Gross profit is the profit of a business makes after subtracting all the costs that…

Q: Calculate gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return…

A: Given Sales = 25000 Cost of goods sold = 15000 return inward =5000

Q: Using the financial information is presented below:             Operating Expenses  $ 55,000…

A: Solution: Net sales = Sales - Sales returns and allowances - Sales discount = $160,000 - $13,000 -…

Q: Calculate the missing Cost of Goods Sold in this multi-step income statement: Sales Revenue $1,500…

A: Formulas: Gross profit = Sales Revenue - Cost of goods sold Operating income = Gross profit -…

Q: The sales price for a product provides a gross profit of 14% of sales price. What is the gross…

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

Q: Perform a vertical analysis for the entry "Gross Sales" on the portion of an income statement shown…

A: Vertical Analysis refers to the income statement analysis where all the line items present in the…

Q: Determine the gross profit per unit for Division B based on the following transfer pricing method:…

A: Gross profit per unit for Division B under Variable product cost method Particulars Amount…

Q: Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return…

A: Costs incurred directly by a corporation for producing goods and services are known as cost of goods…

Q: A mark up of 15% on sales is equivalent to what markup on cost?

A: Suppose Sales = $100 Markup = 15% of Sales Markup = $15   So the Cost will be $85

Q: The gross profit margin of WALA company is 40%. If the gross profit is ₱332,560.00, how much is the…

A: Gross profit margin =40% Gross profit =P332,560 Therefore, Revenue =Gross profit/gross profit margin…

Q: Calculate the missing values and express the answers rounded to two decimal places. Rate of Amount…

A: Markup is an amount of profit added to the cost price to arrive at selling price of the product.

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: What are the net sales from the following income statement? Income Statement Sales Returns $12,900…

A: Introduction: An income statement is a financial statement that shows a company's income and…

Q: Net margin is 30% of the gross sales of 150,000. With Cost of Goods Sold amounting to 50,000, what…

A: Net margin = 30% Gross sales = 150000 COGS = 50000

Q: Calculating Gross Profit Percentage Given Percentage of Cost The following are calculations of gross…

A: Given the following question:

Q: Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies.…

A: Gross margin ratio = Gross profit / Net sales where, Net sales = Sales - sales discount - sales…

Q: The following data are available for X Corp: Gross profit is 20% based on cost. Using ABC, compute…

A: Activity-based costing (ABC) is a method of allocation of the overhead costs incurred in the…

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

A: The cost of goods sold can be calculated by deducting gross profit from the sale revenue.

Q: National Co. has the following information for the period: Profit margin before tax based on sales…

A: Contribution margin is the portion of sales revenue left after paying the variable costs. Therefore,…

Q: If Net Sales is​ $10,500, Cost of Goods Sold is​ $5,400, Gross Profit is​ $5,100 and Operating…

A: Net income from operation means the income arrived by deducting from sales , the following items :-…

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: The company’s net income was ₱307,076 which was 10% of sales.  Cost of sales was 70% of sales.  How…

A: Gross profit                      = Sales – Cost of goods sold Sales…