How do i find the average daily cost of goods sold usin a 365 day year?

Q: During the current year merchandise is sold for 45,870,000. The cost of the merchandise sold is…

A: Gross Profit is one of the components of the profit and loss statement of your business. It is the…

Q: During the current year, the merchandise is sold for 45,870, 000. The cost of the merchandise sold…

A: Introduction: Gross profit: Deduction of cost of goods sold value from the sales value derives the…

Q: What is the cost of goods manufactured for the year?      247,000     252,000     506,000…

A: The cost of goods manufactured (COGM) indicating to the cost incurred by the corporation in…

Q: A retailer ordered merchandise totaling $127,115.23 with terms  3.5% 10  net 40. What is the…

A: Terms 3.5%, 10 net 40 means if the payment is made within 10 days, then there would be discount…

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

A:

Q: During the current year, merchandise is sold for $158,900 cash and $434,900 on account. The cost of…

A: Formula: Gross profit = Sales - Cost of goods sold

Q: In 2012, every dollar (100¢) spent on grocery items was broken down as follows:          Labor =…

A: Step 1 Basically profit percentage is charged on sale, which is inclusive of all cost and profit…

Q: The net sales of JEY Company in 2019 is ₱580,000. The cost of goods manufactured is ₱480,000. The…

A: The cost of goods sold is determined by adding beginning inventory to cost of goods manufactured and…

Q: During the current year, merchandise is sold for $300,000 cash and for $625,000 on account. The cost…

A: The gross profit is calculated by deducting the cost of goods sold from the sales revenues (Cash +…

Q: 7. Charles Inc. has an ending inventory of $423,425, and the cost of goods sold for the year just…

A: Solution:- Inventory Turnover ratio computes the pace at which the inventory is being used.

Q: During the current year, merchandise is sold for $145,500 cash and $609,300 on account. The cost of…

A: A. Gross profit = Sales - Cost of goods sold = $6,400,000 - $5,376,000 = $1,024,000 B. Gross profit…

Q: What is the raw materials inventory as of June 30, 2020? What is the total cost of goods…

A: 1. (i) JYD Manufacturing Company  Calculation of raw materials inventory as of June 30, 2020…

Q: A retailer ordered merchandise totaling $127,115.23 with terms 2.5%/10 net 30. What is the effective…

A: Discount = $127,115.23 x 2.5%                 = $3,177.88   The retailer will be eligible to avail…

Q: If the rice dealer's net sales for the month was P89 564 and his gross sales was P98 759 , how much…

A: Sales returns means value of goods being returned by the customer to the seller. Sales allowances…

Q: During the current year, merchandise is sold for $18,300 cash and $295,700 on account. The cost of…

A: Gross profit:Gross profit can be defined as the profit generated from deducting the cost of goods…

Q: A retailer ordered merchandise totaling $127,115.23 with terms 2.5%/10 net 30. What is the effective…

A: Effective rate of return is the return an investment generates after consideration of all the…

Q: Based on the information, calculate the following for Robert for the month of March 2021: Q.4.1…

A: Gross profit is the amount of profit that a company makes after deducting the cost of making the…

Q: During the current year, merchandise is sold for $43000 cash and for $307000 on account. The cost of…

A: Gross profit is considered as the excess of revenue over the cost of merchandise sold.

Q: During the current year, merchandise is sold for $59,180 cash and for $86,380 on account. The cost…

A: Gross Profit is Sales minus Cost of Goods Sold

Q: During the current year, merchandise is sold for $118,700 cash and $454,300 on account. The cost of…

A: Formula: Gross profit = Sales - Cost of goods sold

Q: During the current year, merchandise is sold for $615,000 cash and $4,110,000 on account. The cost…

A: Gross profit can be defined as the excess of net sales revenue over the cost of goods sold. Gross…

Q: During the current year merchandise is sold for $95,500 cash and $1,315,000 on account. The cost of…

A: Sales = Cash Sales + Credit Sales Sales = $95,500 + $1,315,000 Sales = $1,410,500

Q: f. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of…

A: Inventory: Inventory refers to the stock of goods purchased, utilized and maintained by the company…

Q: During the current year, merchandise is sold for $98,300 cash and $644,900 on account. The cost of…

A: Calculate the amount of net sales.

Q: During the current year, merchandise is sold for $54,400 cash and for $81,400 on account. The cost…

A: The difference between the net sales and cost of goods is called Gross profit. Total sales are…

Q: A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%.…

A: Price Charged to Customer = 730 RO VAT Rate = 8% Price charged to customer is inclusive of VAT/Sales…

Q: During the current year, merchandise is sold for $21,100 cash and $341,700 on account. The cost of…

A: Gross profit is calculated by deducting the cost of sales from the total sales value. The gross…

Q: QWE Inn has recorded the following number of rooms sold for the first quarter of the year:…

A: Geometric rate of Change is the compounded growth rate over a period of time.   Given: Months…

Q: If a firms inventory level of $10,000 represents 30 days sales, what is the annual cost od goods…

A: The computation of annual cost of goods sold: Hence, annual cost of goods sold is $121666.67

Q: During the current year, merchandise is sold for $315,800 cash and $1,225,000 on account. The cost…

A: Profit in simple terms is the difference between revenues and cost. It is the gain acquired for…

Q: What is the quantity of units available for sale for the year?

A: Units available for sale is the number of units which the company is having or had available for the…

Q: What is the minimum number of loaves that must be sold per year

A: Minimum order quantity for an Investment is the one, at which cost of an investment meets the…

Q: What is the amount of revenue that Avocado should earn each month to break even? (Round your answer…

A: Introduction:- Break-even sales means where There is no profit or loss Total revenues equals to…

Q: What is the Economic Order Quantity? What is the maximum inventory they will have on hand at any…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: During the current year, merchandise is sold for $50,940 cash and for $83,900 on account. The cost…

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: During the current year, merchandise is sold for $18,300 cash and $295,700 on account. The cost of…

A: Gross profit represents the revenue after the deduction of cost of goods sold from the net sales of…

Q: A company wishes to establish an EOQ for an item for which the annual demandis $800,000, the…

A: we wili only answer the first three subparts. For the remaining subparts kindly resubmit the…

Q: Given the information below find net profit/loss in dollars for the month of June

A: The income statement shows the net result of the business operations for an accounting period. The…

Q: During the current year, merchandise is sold for $925000. The Gross Profit is $411000. What is the…

A: Gross profit = Sales - Cost of merchandise sold

Q: Heritage, Inc., had a cost of goods sold of $44,721. At the end of the year, the accounts payable…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: During the current year, merchandise is sold for $60,300 cash and for $87,600 on account. The cost…

A:

Q: Rangling Company, buys goods from A.J. Stop Company that gives sales terms of 2.5/10, net 30 days.…

A: Please see the next step for the solution

Q: During the current year, merchandise is sold for $54,900 cash and for $80,900 on account. The cost…

A: Gross profit refers to that part of the profit of the company that it makes after subtracting the…

Q: A retailer ordered merchandise totaling $128,115.23 with terms 3.5%/10 net 40. What is the effective…

A: The discount of 3.5% can be availed if the payment will be made within 10 days. we will use that…

Q: During the current year, merchandise is sold for $135,800 cash and $406,300 on account. The cost of…

A: Gross profit is considered as the difference between total sale and cost of goods sold.In simple…

Q: During the current year, merchandise is sold for $714000. The cost of the merchandise sold is…

A: Gross profit = Sales - Cost of merchandise sold

Q: If cost of goods sold is Rs. 680,000 and the gross profit rate is 50%, what is the gross profit?

A: Sales Revenue is the total of cost of goods sold and gross profit of the business. Cost of goods…

Q: 1.) What are the total regular production costs? 2.) What are the overtime production costs? 3.)…

A: *As per bartleby guidelines in case of interlinked answer, first 3 only   1) Calculation of Regular…

Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.