FILL - UP THE MISSING AMOUNTS: Sales CGS 40% GP 479,400 Expenses Net Profit (140,600)
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- The follooving information relates to Snorbird Corporation Sales at the breakeven point P312.500 lotal foed expenses 250,000 et opetating income 150,000 what is Sncwbird s margin of safetychoose the letter of the correct answer Fara Corporation has accounts receivable of P400,000. Its manufacturing cost approximates 35 percent of selling price. The before-tax profit margin is 16 percent, and the inventory carrying cost is 4 percent of the selling price. Sales commissions are 7 percent of sales. What is Fara's average investment in accounts receivable? a. P64,000.00b. P84,000.00c. P164,000.00d. P184,000.00e. P284,000.001. ABC Co. has the following information: 20x1 20x2Installment sales ? ?Cost of sales 600,000 660,000Installment receivable - 20x1 600,000 400,000Installment receivable - 20x2 720,000Gross profit rates based on sales 40% 45% How much is the total realized gross profit in 20x2?
- Please don't provide answer in image format thank you. If net sales are $600,000 and gross profit is $412,800, what is the gross profit margin? O 145.4% ○ 66.7% O 31.2% ○ 68.8%On June 1, Entity A sold Product XX2 for P50,000 with a cost price of P30,000. Credit terms is 2/10, n/30. On June 15, P10,000 worth of Product XX2 was received due to wrong specifications. The buyer availed of the discount period and paid on June 10. What is the gross profit of Entity A for Product XX2?Discount Electronics buys stereos for $830 less 37.5% and 12.5%. Expenses are 20% of cost and the required profit is 15% of the regular selling price. All merchandise is marked with a price so that the store can advertise a discount of 30% while still maintaining its regular markup. During the annual clearance sale, the new regular selling price of unsold items is marked down 50%. What operating profit or loss does the store make on items sold during the sale?
- SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold? a. 360,000 b. 590,000 c. 840,000 d. 1,090,000Demolish Co. uses the “cost recovery method” (traditional accounting based on old US GAAP). The records of Demolish Co. show the following information: 20x1 20x2 Sales 10,000 15,000 Cost of sales 8,000 9,000 Cash collections: - from 20x1 sales 7,000 3,000 - from 20x2 sales 12,000 How much is the gross profit recognized by Demolish in 20x2?The cost services is 75% of service income. If the gross profit is P50,000, how much is the service income? a. P 37,500 b. P 66,667 c. P200,000 d. None of the choices
- Omega Company has the following two customers: Woodruff Ensley Sales $900,000 $800,000 Cost of Goods Sold 360,000 160,000 Other expenses excluding sales commissions 640,000 130,000 If the company pays a 4% sales commission based on customer profit, this will encourage a salespersons' efforts to sell to:Demolish Co. uses the “cost recovery method” (traditional accounting based on old US GAAP). The records of Demolish Co. show the following information: 20x1 20x2 sales 10,000 15,000 cost of sales 8,000 9,000 cash collection: -from 20x1 sales 7,000 3,000 -from 20x2 sales 12,000 How much is the gross profit recognized by Demolish in 20x2?he company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 37 items are sold with 20% profit margin (COGS +20% Profit), what is COGS and Sales Revenue in LIFO? a. COGS: 9.400 TL; Sales Revenue: 11.280 TL b. COGS: 33.600 TL; Sales Revenue: 40.320 TL c. COGS: 30.300 TL; Sales Revenue: 36.360 TL d. COGS: 12.700 TL; Sales Revenue: 15.240 TL
