he table shows the estimated sales for two different prices of bags of chips. Calculate the profit per bag for the bags sold at $2 each. A. $1.40 C. $1.10 B. $1.30 D. $2.10
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Calculate the profit per bag for the bags sold at 2$ each
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- A6) Finance XYZ is a retailer and sells 179,000 units per year. It purchases from a single supplier. Fixed costs per order are $868 and carrying cost is $11 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity? Enter your answer rounded off to two decimal points. Margin for error: +/- 1he 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 TLBeg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400 Freight-in $840 Beg Inv @ retail $18,000 Purchases @ cost $54,600 Net markdowns $1,144 3. What value is the cost ratio? (use 3 decimal places) Thank you Brenda
- Q4. A Company produces a ungle product which sells for $20 per unit. Vanable Cost is $15 and feed cost for the years 5630.000 Required (1) Calculate Sales rate needed to earn profit of 10 on sales (2) Calculate sales guide per un BEP down to 120,000 unitsnkt.3 A company sells Yoohoo for $6 a can with unit sales of 10,000. If cost of goods is $40,000, what is total sales?Excellent Company manufactures a product that is packaged and sold. A plate is offered to customers sending in three wrappers accompanied by a remittance of P20. Data with respect to the premium offer are summarized below: Sales Purchase of premium, P50 per plate Number of plates distributed as 3,800,000 4,000,000 380,000 560,000 premium 4,500 8,000 Estimated number of plates to be distributed in subsequent period 2,500 3,500 Distribution cost P10 per plate Required: Prepare journal entries that would be made in 2020 and 2021 to record sales, premium purchases and redemptions, and year-end adjustments.
- Lamar Swimwear Income Statement 20X1 20X2 20X3 Sales (all on credit) $ 1,200,000 $ 1,500,000 $ 1,875,000 Cost of goods sold 800,000 1,040,000 1,310,000 Gross profit 400,000 460,000 565,000 Selling and admin. Expense 239,900 274,000 304,700 Operating profit (EBIT) 160,100 186,000 260,300 Interest expense 35,000 45,000 85,000 Net income before taxes 125,100 141,000 175,300 Taxes 36,900 49,200 55,600 Net income (EAT) $ 88,200 $ 91,800 $ 119,700 Shares of common stock outstanding 30,000 30,000…Sales revenue $104,000 $enter a dollar amount Sales returns and allowances enter a dollar amount 4,000 Net sales 98,000 129,000 Cost of goods sold 64,600 enter a dollar amount Gross profit enter a dollar amount 56,760 Operating expenses 20,400 enter a dollar amount Net income enter a dollar amount 21,930 Fill in the missing amounts.J Gross Sales Sales Return & Allowances Sales Discounts Cost of Merchandise Sold 33,000 O $87,000 O $46,000 100,000 Given the above values, determine Net Sales. O $67,000 10,000 O $54,000 3,000 Need help? Review these concept resources.
- Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400 Freight-in $840 Beg Inv @ retail $18,000 Purchases @ cost $54,600 Net markdowns $1,144 13. How much are the good available for sale at retail using the Lifo retail method? Thank you BrendaSales $ 150,000 $ 550,000 $ 38,700 $ 255,700 Sales discounts 5,000 17,500 600 4,800 Sales returns and allowances 20,000 6,000 5,100 900 Cost of goods sold 79,750 329,589 24,453 126,500 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Company columns from above. A. Carrier B. Lennox C. Trane D. York Net sales Gross profits Gross margin ratioSelling widgets/ sales projection (units) rands, 1,500 sales projection rands 1,650,000variable cost per unit rands 800, total fixed cost rands 270,000. What is the average selling price of a widget a. 800 b. 300 c 1.500 d.180 e. 1,100