Operating expenses $ 59000 Sales returns and allowances 3000 Sales discounts 5000 Sales revenue 198000 Cost of goods sold 87000 The gross profit rate would be 0.46. 0.56. 0.54. 0.52.
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| Operating expenses | $ 59000 |
| Sales returns and allowances | 3000 |
| Sales discounts | 5000 |
| Sales revenue | 198000 |
| Cost of goods sold | 87000 |
The gross profit rate would be
0.46.
0.56.
0.54.
0.52.
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- Operating expenses $ 49000 Sales revenue 208000 Cost of goods sold 157000 The gross profit rate would beOperating expenses $ 50000 Sales returns and allowances 6000 Sales discounts 5000 Sales revenue 140000 Cost of goods sold 86000 The amount of net sales on the income statement would be $140000. $135000. $129000. $134000.A company shows the following balances: Sales Revenue $2962000Sales Returns and Allowances 402000Sales Discounts 60000Cost of Goods Sold 1350000 What is the gross profit rate? 46.0%58.0%54.0%66.0%
- Financial information is presented below: Operating expenses $ 51000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 188000 Cost of goods sold 99000 Gross Profit would be $85000. $93000. $78000. $89000.Financial information is presented below: Operating Expenses $ 90000 Sales Returns and Allowances 22000 Sales Discounts 9000 Sales Revenue 281000 Cost of Goods Sold 157000 The gross profit rate would be 49.3%. 37.2%. 43.1%. 55.2%.Calculate net profit Details Debit(OMR) Credit(OMR) General expenses 11700 Prepaid Rent 5100 Cost of goods sold 99700 Salaries 9300 Depreciation 1560 Account Payable 3575 Net Sales 150000 Other income 2500 Select one: a. OMR 34715 b. OMR 30240 c. OMR 39815 d. OMR 31140
- Financial information is presented below: Operating expenses $ 60000 Sales returns and allowances 5000 Sales discounts 8000 Sales revenue 142000 Cost of goods sold 110000 Gross Profit would be a.) $19000. b.) $27000. c.) $32000. d.) $37000.Financial information is presented below: Operating expenses $ 33000 Sales revenue 211000 Cost of goods sold 129000 Gross profit would be $178000. $ 82000. $ 33000. $ 49000.Financial information is presented below: Operating expenses $ 48000 Sales returns and allowances 6000 Sales discounts 7000 Sales revenue 140000 Cost of goods sold 88000 The amount of net sales on the income statement would be $127000. $134000. $133000. $140000.
- GB SalesRevenue 16800 Purchases 12800 Gross Profit 4000 Selling Expenses 2000 Admin Cost 7200 Operating Loss 5200 b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place d) What is the operating profit margin percentage if the admin cost is reduced by 60%? Show this to 1 decimal place e) Define the following and provide respective examples with numeric calculations where possible: Trade discountBulk discountEarly settlement discount f) If a company has a mark-up of 37% and sales revenue of £163,970, then what is the cost of sales in whole £’s? g) If a company has a net margin of 15%, gross margin of 35% and costs of sale of £25,000, then what is the sales revenue and overhead?Financial information is presented below: Operating expenses $ 55000 Sales returns and allowances 3000 Sales discounts 9000 Sales revenue 200000 Cost of goods sold 89000 The amount of net sales on the income statement would be a.) $188000. b.) $191000. c.) $197000. d.) $200000.The following relates to a single sale of goods made by Spurs in 2023: Selling price P500,000Freight costs 5,000Terms 3/15, n/30Shipping Date December 28, 2023Date goods received by the customer January 3, 2024Date payment is received by Spurs January 5, 2024 Question:9. If the term is FOB destination, how much sales should be recorded by Spurs for the year ended December 31, 2023? a. P0b. P490,000c. P495,000d. P500,000