evenue for the year amounted to R4 500 000 and represents net sales to third parties of goods purchased for resale. Rainbow Limited maintained a 40% gross profit percentage throughout the year. How much would be the cost of sales for Rainbow Limited? Select one: a. R7 500 000 b. R11 250 000 c. R2 700 000 d. R1 800 000

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: For the year ended 2012 Wendy's Retail Store's Net income is PI50,000 (10% of Net Sales). Operating…

A: Formulas: beginning merchandise inventory = Cost of sales x 20% where, Cost of sales  = Net sales -…

Q: Shelcal, Inc. provides the following data for the year2017:   Sales revenue $420,000 Sales…

A: We have the following information: Sales revenue: $420,000 Sales returns and allowances: $1,400…

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

A:

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

A: Sales = OMR 20000 Cost of goods sold = OMR 8000 Return inwards = OMR 6000 Net sales = Sales-Return…

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: If the total sale is P125,750.00, the cost of sales is 42.25% of the total sales, and the operating…

A: Total sales = P125,750.00 Cost of sales = 42.25% Operating expenses = P15,429.30

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

A: Net sales = Sales - Return inwards = 10000 - 4000 = 6000

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: RJ Garcia Sound had sales of P600,000 and sales returns of P80,000. Cost of goods sold was P320,000…

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

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

A: Gross Profit = Sales Revenue x Gross Profit Margin Cost of Goods Sold = Sales - Gross Profit

Q: Cushman Company had $834,000 in net sales, $364,875 in gross profit, and $208,500 in operating…

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

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: The Lubao Company reported the following information for the year 2009: Gross profit -P560,000;…

A: The total sales is calculated as cost of goods sold and gross profit

Q: For the year ended 2012 Wendy Retail Store's Net income is PI50,000 (10% of Net Sales). Operating…

A: Net sales = Net income/10%         = 150,000/10%         = 1,500,000   Operating expense = Net sales…

Q: Given the following information calculate: Value B. gross cost of merch sold: Cost Retail $80,000.00…

A: Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses incurred by a…

Q: The following information is available for Jisoo Company for the current year: Net Sales…

A: Cost of goods sold = sales - gross profit = 3600000-3600000*40% = 2,160,000

Q: Anthony Corporation reported the following amounts for the year:           Net sales $ 296,000…

A: Gross profit of anthony corporation = Sales - COGS = $296,000 - $138,000 = $158,000

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: SOLUTION  FORMULAS  1- SALES PRICE VARIANCE = (CURRENT YEAR SELLING PRICE - LAST YEAR SELLING…

Q: Given : Avarege trade receivables of a firm is 40.000 , average finished goods is 50.000 , cost of…

A: The trade receivables turnover ratio, also known as the accounts receivable turnover ratio, is an…

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

A: Gross profit is the profit a company makes after deducting the costs associated with making and…

Q: For Mortenson Company, the following information is available: Cost of goods sold P  60,000; Sales…

A: Income statement of a company  shows its gross profit or gross loss and net profit or net loss.…

Q: Yve Company, which sells a single product, provided the following data from its income statements…

A: The company's aim will be to increase the profitability of the company. The profits can be arrived…

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: A company has sales of Gh1,000.The company sells three types of goods . Sixty percent of sales are…

A: Total sales = Gh 1000 Type A sales = 60%

Q: Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the…

A: Cost of goods sold is the cost of goods which is sold by the company. The cost of goods sold is the…

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

A: Net sales = Sales - Return inwards  = OMR 25000 - OMR 2000 = OMR 23000

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Gross margin % = (Gross margin / Sales) x 100 = (201,600/336,000)*100 = 60%

Q: Hiligaynon Company provided the following information for the current year: Beginning inventory of…

A: Solution Cost of good sold is the cost which a business incur to sales a product.

Q: Vitesse Semiconductor reported the following revenues and cost of goods sold for 2001-2003 (in…

A: Calculation of Gross Margin ratio: Gross Margin = Revenues - cost of revenues Gross Margin Ratio =…

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: The gross margin for Corona Company for the third quarter of the year was R3 250 000,  when sales…

A: Cost accounting is one of the branches of accounting, under which all costs are being analyzed and…

Q: How much is the gross profit variation due to sales quantity factor?

A: Gross profit variation: The gross profit variation is the variation or difference between the…

Q: Assume the following information for Fruitful Proprietary Limited. for the year ended December 31,…

A: The main objective of a business or a company is to earn profits and incomes and this is done by the…

Q: Overcharge Card reports that following amounts: Sales = $3,000,000; Cost of Goods Sold = $1,200,000;…

A: Operating income is the profitability of a firm which is derived from its operations. In simple…

Q: During the current year, merchandise is sold for $237,500 cash and $625,000 on account. The cost of…

A: Gross profit means sales revenue earned over and above cost of goods that are sold to customers.…

Q: The expenses other than interest expense of Ratio Company for the current year is 40% of cost of…

A: First of all, profit before tax shall be calculated so that other items could be find accordingly.

Q: If the sales this year amounted to P276,000, sales this year at last year's prices is P230,000, the…

A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…

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: Coleman, Inc. provides the following data from its Income Statement for 2018: Net Sales  $…

A: Gross Profit Ratio : It is one of the profitability ratios which shows the relationship between the…

Q: A company reports the following amounts at the end of the year:         Sales revenue $ 390,000…

A: Sales revenue $390,000 Less: Cost of goods sold 200,000 Gross profit $190,000