If cost of goods sold is Rs. 680,000 and the gross profit rate is 50%, what is the gross profit?
Q: American Importers reports net income of S50,000 and sales revenue of S625,000. If the company's…
A: Lets understand the basics. Gross profit rate is a rate generated from the sales of the company . It…
Q: 3. Refer to the following table: What is the gross profit? Sales revenue $460,000 Cost of goods sold…
A: The gross profit is calculated as difference between sales and cost of goods sold.
Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…
A: In the above question we have asked to select correct answer from the given options which are as…
Q: Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000,…
A: Earnings before interest and taxes: Earnings before interest, depreciation and taxes are the…
Q: If the total sale is P125,750.00, the cost of sales is 42.25% of the total sales, and the operating…
A: Total sales = P125,750.00 Cost of sales = 42.25% Operating expenses = P15,429.30
Q: Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and…
A: Net sales = Sales - Return inwards = 10000 - 4000 = 6000
Q: If Ayayai Corp. has net sales of $523000 and cost of goods sold of $350000, Ayayai gross profit rate…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Calculate the sales from the given information Cost of goods sold is $38,000…
A: The format is - Sales less Cost of goods sold less Depreciation less tax Net…
Q: RJ Garcia Sound had sales of P600,000 and sales returns of P80,000. Cost of goods sold was P320,000…
A: Gross profit is an excess of revenue over the cost of goods sold. It indicates the profit before…
Q: 1. How much will be contributed to profit before taxes by the 1,021st unit sold?
A: Breakeven units means sales revenue at which business is not earning any profit or loss and it is…
Q: If the sales this year amounted to P500,000, sales this year at last year's prices is P460,000, the…
A: Gross profit seems to be a firm's earnings benefit after the cost or expense required for the…
Q: For the goods purchased by the business, the Availability of Goods at the Beginning of the Period is…
A: Cost of goods sold means actual cost of goods that are being sold to the customers.
Q: Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and…
A: Sales return = Return inwards = OMR 4000 Net sales = Sales - Sales return = OMR 10000 - OMR 4000 =…
Q: If the sales this year amounted to P500,000, sales this year at last year's prices is P460,000. The…
A: In this problem we have to find profit in both conditions previous years prices and current year…
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: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…
A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…
Q: If the amount of net sales is RM23,000, net purchase is RM10,000 and the cost of sales is RM2,450,…
A: Gross Profit =Net Sales - Cost of goods sold
Q: Calculate gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and…
A: given Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 4000.
Q: the gross profit ( 2250 000 )$ , and the sales value ( 8550 000 )$ . Total cost ?
A: The financial position of the company can be arrived from the income statement prepared by the…
Q: s the cost of goods sold? 5,387,500
A: Cost of goods sold refers to the expenses involved while the goods or services provided by the…
Q: If the sales this year amounted to P276,000, sales this year at last year’s price is P230,000, the…
A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…
Q: If Finished Goods Turnover is 5 , average Trade Receivables is 100.000, average Finished Goods is…
A: Finished Goods Turnover = Cost of goods sold / Average finished goods
Q: If sales are OMR 90,000, cost of sales is OMR 65,000, selling expenses are OMR 30,000 and…
A: Gross profit = Sales - cost of sales = OMR 90,000 - OMR 65,000 = OMR 25,000
Q: Calculate gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return…
A: Given Sales = 25000 Cost of goods sold = 15000 return inward =5000
Q: Calculate the Sales from the information given: Cost of goods sold is $38,000 Net income is $14,625…
A: The question is multiple choice question. Required Choose the Correct Option.
Q: Pharoah Corp. has annual sales totaling $1218000 and an average gross profit of 20% of cost. What is…
A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…
Q: How many units would NUBD Company need to sell to earn a profit after taxes of P15,000?
A: Net profit means the difference between the income and expenses.Net profit after taxes means the…
Q: .Calculate the gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and…
A: Net sales = Sales - Return inwards = OMR 25000 - OMR 2000 = OMR 23000
Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…
A: In accounting gross profit refers to the profit that a business earns from selling its products…
Q: During year 1, the sales and Cost of goods sold were GHS 6,00,000 and GHS 4,30,000 respectively.…
A: The ratio between the cost of goods sold to net sales is cost of goods sold margin. COGS margin =…
Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…
A: Gross profit = Net Sales - Cost of sales Cost of sales = Net Sales - Gross profit
Q: Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return…
A: Formula: Net sales = Sales - return inwards Deduction of return inwards from sales derives the net…
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: to P276,000, sales this year at last year's prices is P230,000, the cost of sales this year is…
A: Variance : When there is a difference in the budgeted amount and what actually produces or occur is…
Q: ory is $10,000. the merchandise purchases are $110,000, and the ending merchandise inventory is…
A: Solution: Cost of goods sold = beginning inventory + purchases - ending inventory
Q: Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return…
A: Costs incurred directly by a corporation for producing goods and services are known as cost of goods…
Q: If Swifty Corporation has net sales of $515000 and cost of goods sold of $365000, Swifty gross…
A: Gross Profit: Difference between the sales and the cost of goods sold is called gross profit. Gross…
Q: If the sales this year amounted to P500,000, sales this year at last year's prices is P460,000, the…
A: Sales revenue is the function of sales price and quantity sold. Therefore, any variation in sales…
Q: During the current year, goods sold in cash was $40,000 and $100,000 on credit. The cost of goods…
A: Formula: Gross profit = Sales - Cost of goods sold.
Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…
A: The cost of goods available for sale is the cost that is incurred to produce the goods that are…
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: 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: 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: If the sales this year amounted to P276,000, sales this year at last year's prices is P230,000, the…
A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…
Q: Net margin is 30% of the gross sales of 150,000. With Cost of Goods Sold amounting to 50,000, what…
A: Net margin = 30% Gross sales = 150000 COGS = 50000
Q: If Net Sales is $10,500, Cost of Goods Sold is $5,400, Gross Profit is $5,100 and Operating…
A: Net income from operation means the income arrived by deducting from sales , the following items :-…
Q: Calculate the sales activity to reach a target profit of £20,000.
A: Target Unit Sales Volume - It refers to the cost volume profit analysis. In this to earned target…
Q: If sales is $100,000 and the gross profit markup is 25%, what is the amount for gross profit?…
A: INTRODUCTION: Gross profit is calculated by subtracting net sales from the cost of things sold. It…
If cost of goods sold is Rs. 680,000 and the gross profit rate is 50%, what is the gross profit?
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of revenue? $100,000 $250,000 $150,000 $200,000If sales is $100,000 and the gross profit markup is 25%, what is the amount for gross profit? $20,000 $25,000 $120,000 $125,000
- Find the average payment period if accounts payable is $10,000, cost of goods sold is $200,000, and sales are $500,000.Net margin is 30% of the gross sales of 150,000. With Cost of Goods Sold amounting to 50,000, what percentage of total sales are expenses other than cost of sales?A. B.C.D.If a company's cost of sales divided by total sales results in 70 percent, how much does the company pay for an item that it sells for $100?
- During the current year, the merchandise is sold for 45,870, 000. The cost of the merchandise sold is 33,026,400. What is the amount of gross profit?If , gross profit = Rs 30,000 GP margin = 20% of sales. What will be the value of cost of goods sold? A. Rs 160,000 B. Rs 120,000 C. Rs 100,000 D. Rs 90,000Find the average payment period of accounts payable is $20,000, costs of goods sold is $200,000, and sales are $500,000.
- If gross sales is P40,000, sales returns and allowances P1,000, sales discounts P400, and delivery expenses P100, the net sales of the business will totalHow much will be contributed to profit before taxes by the 1,021st unit sold?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. 1,090,000