Find the Gross Profit
Q: Define price earnings ratio.
A: P/E Ratio: Price Earnings ratio is the ratio of company’s current share price to the company’s…
Q: What formula is used to determine net profit
A: Net profit is the actual income earned by an organization after paying all the expenses. It is…
Q: Explain an example how to calculate gross profit percentage.
A: Gross margin percentage: The percentage of gross profit generated by every dollar of net sales is…
Q: Briefly explain the difference between gross profit, net profit and EBIT.
A: Gross Profit is computed by deducting Cost of goods sold from Sales. Gross profit is the profit a…
Q: Explain profit margin
A: Profit margin is one of the benefits proportions that's generally utilized to assess the level to…
Q: Define Gross Profit Method.
A: Definition: Merchandise Inventory: Merchandise is the stock of goods bought by a wholesaler, or a…
Q: What is the gross profit? [ Select ] How much is the operating expense? | Select I | Select ] How…
A: Solution:- As per the above questions first we required to compute income statement. which helps to…
Q: Describe analyzing of profit using contribution margin.
A: The contribution margin ratio is the percentage of difference in a company's sales and variable…
Q: Define gross pay.
A: Payroll: The total payment that a company is required to pay to its employee for the services…
Q: Comparative Profit and Loss Statement:
A: Joint costs are costs incurred up to the point of separation of Products. In this case, joint costs…
Q: What's the difference between the profit margin and gross margin ratio?
A: Ratio is the arithmetic relationship between two figures. Accounting ratios shows the…
Q: Distinguish between gross profit margin, operating profit margin, and net profitmargin and provide…
A: To distinguish between the gross profit margin, operating profit margin, and net profitmargin and…
Q: Explain profit-and-loss statement?
A: For financial reporting, there are three major financial statements which a business entity is…
Q: Describe the approaches of target profit.
A: Target Profit: It refers to the desired amount of profit that a company expects to achieve by the…
Q: Calculate the profitability ratio which includes gross profit margin, operating profit margin, net…
A: Profitability Ratio: It measures the ability of company to generate profit from its operations or…
Q: gross profit are
A: Gross profit is the residual income that is determined by reducing costs that are directly related…
Q: How to calculate or compute the operating income and the net income
A: Operating Income: Income generated from the business operation is called operating income. In simple…
Q: Net Profit
A: Definition: Income Statement: It is one of the financial statements which shows incomes and…
Q: Calculate Gross profit ratio
A: Gross Profit is the difference between Sales Revenue and Cost of Goods Sold. Gross Profit = Sales…
Q: Describe the Unit-Profit or Unit-Cost Calculation?
A: A unit cost is a net expense a firm has incurred to manufacture, store, and sell one unit of a…
Q: alculate the gross profit ratio and net profit ratio?
A: The gross profit ratio is a financial ratio that evaluates the performance and efficiency of a…
Q: theories of profit
A: The profit is the key incentive for a firm to operative business . According to each theory of the…
Q: Explain the term Gross profit margin.
A: Profitability ratios: Profitability ratios are the metrics used to measure the profit generating…
Q: Explain an example how to calculate gross profit.
A: Gross profit is the left over revenue after deducting all direct costs of making the products or…
Q: What is net profit margin?
A: The margin of net profit is equal to the amount of income produced by the net sales or gains. For a…
Q: Find the coverage ratio and profitability ratio
A: Ratio analysis is used for measuring the financial efficiency, profitability and revenue of an…
Q: Net net profit is computed in the
A: Net profit in computed in the Income statement or profit and loss statement . The format of the…
Q: What is gross profit margin?
A: The method to analyze the performance of a company through its profitability is term as the…
Q: alculate the following from the additional information given G Gross profit H Net profit
A: We need to compute gross and net profit of the firm.
Q: How is Profit Margin calculated and what does It measure?
A: Note: Since you have asked multiple questions, we will solve the first question. To get the…
Q: profit margin ratio
A: Profit margin ratio = Net income * 100/Net sales
Q: What is the formula for gross profit
A: Gross profit is an excess of revenue over the cost of goods sold.it can be calculated by deducting…
Q: What is the gross profit? | Select) How much is the operating expense? [ Select ] | Select) How much…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Calculate Gross profit ratio
A: Gross profit ratio = Gross profit/ Sales *100
Q: Define Gross profit ratio.
A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…
Q: Compute NET Profit margin ratio
A: Net profit margin ratio = Net Income/ Revenue * 100
Q: o our authors, define “gross profit" and provide an example.
A: Gross Profit is the margin that a business wanted to earn on selling the goods or service, its…
Q: Explain the term Divisible Profit.
A: Common stock: Common stock is the instrument used by the company for raising funds from the general…
Q: Classify each of the following items as revenues (R), expenses (EX), or withdrawals (W). Cost of…
A: Definition: Financial Accounting: It refers to the process of recording the financial transactions…
Q: Define Profit margin on sales.
A: Financial ratios are used to interpret the financial statements. Each financial ratio helps in…
Q: Net Income and Retained Earning:
A: Borio company had an asset with an $8 book value and its market value is $7. It is decided to…
Q: Describe the common profitability measures.
A: Common profitability measures include profitability ratios such as ROE, ROA, profit margin etc They…
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- Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.Unusual income statement items Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO). a. Interest revenue on notes receivable. b. Gain on sale of segment of the company's operations that manufactures bottling equipment. c.Loss on sale of investments in stocks and bonds. d. Uncollectible accounts expense. e. Uninsured flood loss. (Hood insurance is unavailable because of periodic Hooding in the area.)Refer to RE5-1. Prepare a single-step income statement for Brandt Corporation for the current year.
- On August 1, 2020, the business accounts of Peter and Senen appear below:Assets Peter SenenCash P11,000 P22,354Accounts receivable 84,536 217,890Inventories 100,035 240,102Land 603,000 428,267Buildings 200,345 384,789Other Assets 22,000 23,600Total P1,020,916 P1,317,002Liabilities and CapitalAccounts payable P178,940 P243,650Notes payable 200,000 345,000Peter, Capital 641,976Senen, Capital 728,352Total P1,020,916 P1,317,002Peter and Senen agreed to form a partnership contributing their respective assets and liabilitiessubject to the following adjustments:Accounts receivable of P20,000 and P35,000 are uncollectible in Peter and Senen’s respectivebooks.Inventories of P5,500 and P6,700 are worthless in Peter and Senen’s respective booksOther Assets of P2,200 and P3,600 in Peter and Senen’s books are written off.After five days Ethel was offered to join Peter and Senen and will contribute for a 20% interestin the firm. They also agreed to divide profits and losses in the ratio of 4:4:2…Walang Kayo Company Question: Under accrual basis, what amount should be reported as gross sales for the current year? a. P6,650,000 b. P6,600,000 c. P6,350,000 d. P6,550,000Assets = _________, Liabilities + Owner’s equity = P150,000
- Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash $1,013,530 $917,700 Marketable securities 1,533,990 1,520,760 Accounts receivable (net) 978,200 919,800 Inventories 730,000 569,400 Prepaid expenses 191,756 183,540 Total current assets $4,447,476 $4,111,200 Long-term investments 2,479,894 1,119,115 Property, plant, and equipment (net) 5,330,000 4,797,000 Total assets $12,257,370 $10,027,315 Liabilities Current liabilities $1,347,720 $1,776,965 Long-term liabilities: Mortgage note payable, 8% $1,840,000 $0 Bonds payable, 8% 2,260,000 2,260,000 Total long-term liabilities $4,100,000 $2,260,000 Total liabilities $5,447,720 $4,036,965 Stockholders' Equity Preferred $0.70 stock, $50 par $850,000 $850,000 Common stock, $10 par 970,000 970,000 Retained earnings 4,989,650…The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 20Y9 and 20Y8, is:Dec. 31, 20Y9 Dec. 31, 20Y8AssetsCash $70,720 $47,940Accounts receivable (net) 207,230 188,190Inventories 298,520 289,850Investments 0 102,000Land 295,800 0Equipment 438,600 358,020Accumulated depreciation—equipment (99,110) (84,320)Total assets $1,211,760 $901,680Liabilities and Stockholders' EquityAccounts payable (merchandise creditors) $205,700 $194,140Accrued expenses payable (operating expenses) 30,600 26,860Dividends payable 25,500 20,400Common stock, $1 par 202,000 102,000Paid-in capital: Excess of issue price over par—common stock 354,000 204,000Retained earnings 393,960 354,280Total liabilities and stockholders' equity $1,211,760 $901,680The income statement for the year ended December 31, 20Y9, is as follows:Sales $2,023,898Cost of goods sold 1,245,476Gross profit $778,422Operating expenses:Depreciation expense $14,790Other operating expenses 517,299Total operating expenses 532,089Operating…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:
- Selected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days 91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…Please try to answer accurately and accordance with requirements.Thank you!The general ledger of Emerates Traders Ltd includes the following accounts as at 30 June 2018:$000Sales Revenue 8,280Dividend Received 126Interest Received 65Cost of Sales 1,105Selling and Distribution expenses 450Administration expenses 1,550Finance costs 16Valuation loss on trading investments (considered a material item) 250Income tax expense charged to profit and loss 1,500Expenses classified by nature include:Auditors Remuneration:Audit of accounts 20Information technology controls advice 5 25Depreciation expense:Buildings 120Plant and Equipment 225 345Additional InformationThe valuation loss on investments held for trading is not tax deductible.Task 4a. Complete a Statement of Comprehensive Income showing expenses classified byfunction on the face of the Income Statement together with notes to the incomestatement including the material item.- Note that Emerates Traders Ltd discloses material items on the…The following items were excerpted from Poeltl, Inc.'s balance sheets: December 31, 2023December 31, 2022Cash$86,300$59,000Accounts receivable65,60070,600Inventory157,000150.300Property and equipment794,500745,400Accumulated depreciation(184,000)(168,200)Accounts payable61,00050,600Wages payable20,40023,000 Poeltl's 2023 income statement showed net income of $463,000, depreciation expense of $57,000, and a gain on disposal of equipment of $16,000. On Poeltl's 2023 statement of cash flows, how much is Net Cash Provided by Operating Activities?