If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit percentage is 70%. 30%. 15%. 100%.

Q: If Net sales $200,000, Cost of goods sold 90,000, Operating expenses 80,000, Net income10,000, Total…

A: Operating Income = Net Sales - Cost of goods sold - Operating expenses = $200,000 - $90,000 -…

Q: A company has sales of $378,600 and its gross profit is $159,100. Its cost of goods sold equals

A: Cost of Goods Sold means cost incurred by the company to sell the goods to customers. The cost which…

Q: Alta Construction days sales outstanding is 50 days (365 days in a year). The company’s accounts…

A: Financial ratios give us an idea about the financial performance of the company. Inventory turn over…

Q: A company has sales of $763,000 and cost of goods sold of $306,000 it's gross profit equals what?…

A: Gross profit can be calculated by deducting the cost of goods sold from the net sales.

Q: Ever Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent…

A: Given, Sales =$900,000 COGS =65% of sales = $900,000*65% = $585,000 Selling and Administrative…

Q: Assume that the Bubba Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost of…

A: Gross profit: It can be defined as the excess of a company's sales revenue over the cost of goods…

Q: A company’s net sales are $675,000, its cost of goods sold is $459,000, and its net income is…

A: Answer: a.32%

Q: Acme Factories had net sales of $356,040 and the cost of goods sold was $193,500. Operating expenses…

A: The net profit margin is calculated by dividing net profit by net sales. It shows as to what…

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: a company reported a sale revenue for $700000. the gross profit margin is 60% and the selling…

A: The income statement is one of the essential parts of the financial statement used for reporting the…

Q: 8. Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating…

A: Profit Margin is nothing but the net profit ratio. Profit margin shows profitability of company, it…

Q: Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are RO…

A: Gross profit = Sales revenue - Cost of goods sold Net profit = Gross profit - Operating expenses

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: Monty Corp. reported net sales $610,000, cost of goods sold $366,000, operating expenses $151,000,…

A: Profit Margin=Net IncomeNet Sales×100=$70,150$610,000×100=0.115×100=11.5%

Q: A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals:…

A: The question is based on the concept of Accounting Ratios.

Q: Sales revenue                            400,000        Total Revenue…

A: Profit margin is the measurement of company’s earning in respect to the revenues generated by it. It…

Q: Cupery Co. has net sales of $105,000, cost of goods sold of $70,000, and operating expenses of…

A: Gross Profit = Net Sales - Cost of Goods Sold   Gross Profit Rate = Gross Profit Net Sales * 100

Q: Gross profit ratio of a company was 25%. Its credit sales was $ 20,00,000 and its cash sales was…

A: We have the following information: Gross profit ratio: 25% Credit Sales: $2,000,000 Cash Sales: 10%…

Q: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…

A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…

Q: a. EFG reports annual sales of $ 30 million. Annual costs of goods sold is $ 15 million. Inventory…

A: Inventory refers to the goods or items which are stored by the business either for selling or for…

Q: A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold…

A:

Q: Below is the Income Statement of Babana Inc. for the current year:   Sales 18,000,000 Less: Cost…

A: Net Income is the income after reducing all the expenses including income tax. The calculation is…

Q: A company has sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals:

A: Sales - Cost of goods sold = Gross profit

Q: Net Sales of a merchandising company in the current year is $2, 310 million and its Cost of Goods…

A: Gross profit: It can be defined as the excess of a company's sales revenue over the direct expenses…

Q: A company has sales of $742,600 and cost of goods sold of $297,600. Its gross profit equals:

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

Q: A company has Sales of $8,000,000; Accounts Receivable of $250,000; Cost of Goods Sold of…

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

Q: Deton pen Manufacturers sales= $980,000 cost of goods sold represented 64 percent of sales.…

A: Net income of an firm can be calculated by subtracting the cost of goods sold and other expenses…

Q: a company has sales of 763000 and cost of goods sold of 306,000 its gross profit equals  (457,000)…

A: Gross Profit:-It is the amount company receives when the cost of the product deducted from total…

Q: XYZ Inc. had the following figures in its income statement: Sales $920,000 Cost of Goods Sold…

A: Introduction: Income statement: All incomes and expenses are shown in income statement. It tells the…

Q: A consumer products company reported a 20 percent increase in sales from last year to this year.…

A: Introduction:- Gross profit is the amount of total revenue minus cost of goods sold. The following…

Q: United importers report net income $50,000 and COGS of $300,000. If the company’s gross profit rate…

A: Gross profit = Net sales - Cost of goods sold If Gross profit = 40%, Cost of goods sold = 60%

Q: The annual sales of a company are $235,000 including sales tax at 17.5%. Half of the sales are on…

A: We have the following information: Annual Sales: $235,000 Annual sales includes a sales tax of…

Q: For a recent year Best Buy (BBY) reported sales of $39,528 million. It's gross profit was $9,191…

A: Gross margin: Difference between the sales and the cost of goods sold is called gross margin. Gross…

Q: Blossom Corp. has annual sales totaling $1146000 and an average gross profit of 20% of cost. What is…

A: Gross profit = Sales - Cost Gross profit = Sales x Gross profit (%)   So, Sales = Gross profit +…

Q: Suppose the net sales is 1,60,000 for a firm and cost of goods sold is 40,000. Calculate gross…

A: Gross Profit Ratio is a financial ratio that measures the performance and efficiency of a business…

Q: Cullumber Corp. has a gross profit margin of 40.00 percent, sales of $39,000,000, and inventory of…

A: Inventory turnover is a ratio showing how many times a company has sold and replaced inventory…

Q: If net sales are $800,000 and cost of sales is $600,000, the gross profit ratio is 25%. (True or…

A: Gross Profit Ratio = (Gross Profit / Net Sales) *100

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

A: Cost of goods sold - Cost of Goods Sold is the cost incurred to sell the goods to the customer. The…

Q: If the vertical percentage of operating profit is 60% and vertical percentage of gross sales profit…

A: Operating expenses: These expenses are incurred in the course of regular business operations. These…

Q: A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending…

A: Account payable = $ 75000 Opening balance = $ 30000 Closing balance = $ 80000 COGS = $ 500,000…

Q: Brad Gravel Pitt Company has sales of $495,000 and cost of goods sold of $302,000. Selling and…

A: Gross profit is the excess of sales over the cost of goods sold. It shows the profit earned by the…

Q: Net sales amounted 100,000 with cost of representing 70%. If operating expenses is 5% of sales, the…

A: Cost of goods sold = Net sales x 70% = 100,000 x 70% = 70,000

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

A: The cost of goods sold can be calculated by deducting gross profit from the sale revenue.

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

A: Cost of goods sold is the actual cost of goods that is being sold to the customers. Net Sales is the…

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

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…