Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018 - P792,000. Cost of sales = 2019 - 480,000; 2018 - 464,000. Gross profit = 2019 - P330,000; 2018 - P328,000. Sales price was 10% lower during 2019. The increase (decrease) in quantity sold   A. (7.95%) B. 12.00% C. 13.33% D. 13.64%

Q: 3. Presented below are excerpts from the income statements of Ralos Company for the years ended…

A: given information The unit cost decreased by 10% on January 1, 2021

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Change in gross profits = Gross profits  in 2019 - Gross profits in 2018=P 330,000 -P328,000=P…

Q: Mabuhay Corporation generated these gross profits during the past recent years when the sales price…

A: The growth in sales is primarily driven by the growth in quantity and the growth in sale price.…

Q: A Corporation generated these gross profits during the past recent years when the sales price was…

A: 2020 2019  Sales  P1,944,000   P1,900,800    Cost of Sales P1,152,000   P1,113,600    Gross…

Q: A Corporation generated these gross profits during the past recent years when the sales price was…

A: Standard costing in simple terms can be defined as a system in which the standard costs and revenues…

Q: The change in gross profit due to change in cost price must be:

A:

Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…

A: Mabuhay corporation 's Sales price was lower was 10% during 2020 compared to 2019. Decreased sales…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Calculation of Percentage Change in Sales Given ,    2019 2018 Sales 810000 792000 The Sales…

Q: Power Company's income statement for 2021 is given below. If inventory balances are 5000 in 2021 and…

A: Cost of goods sold = 55,000 Inventory balance in 2020 = 9,000 Inventory balance in 2021 = 5,000…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Gross Profit = Sales - Cost of Sales

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: % change in total sales and cost of goods sold from 2018 to 2019 can be because of % change in…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Gross profit can be defined the profit that a company makes after deducting the direct costs in…

Q: Use this problem to answer the following requirements: Mabuhay Corporation generated these gross…

A: Gross Profit is defined as the income arrived at by deducting the cost of goods sold.

Q: A Corporation generated these gross profits during the past recent years when the sales price was…

A: 2020 sales at 2019 price = 2020 sales / (1 - lower in sales price %) =  P1,944,000 / (1 - 0.10) =…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Sales: Sales include a number of goods and services sold by the organization during their accounting…

Q: The Company reported post-tax profit of P491,400 for the year ended December 31, 2020.Cost of goods…

A: Profit before tax = post-tax profit / (1 - tax rate) = P491,400 / (1 - 0.30) = P702,000

Q: The portion of the functional income statements of Brief Company for 2021 and 2020 are presented…

A: Calculation of variable cost% for 2020 Variable cost %= 450000/800000*100 = 56.25%

Q: The change in gross profit due to change in cost price must be

A:

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Gross profit refers to the profit earned after subtracting the cost of goods sold from the sales…

Q: pared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019…

A: Gross profit % = Gross profit ÷ Sales Gross profit is one of the operational performance…

Q: Presented below are excerpts from the income statements of Ralos Company for the years ended…

A: Cost of goods sold if unit cost not decreased  = Cost of goods sold  / (1 - decrease %) = 1,584,000…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Sales in 2019 = P810,000 Sales in 2018 = P792,000 Let us assume that 1,000 units were sold in 2019.…

Q: The change in gross profit due to change in quantity sold must be: a. P42,710 U

A: Budgeted gross profit ratio Sales        792,000 Less: cost of sale        464,000 Gross…

Q: In 2020 Coca Cola reported net operating revenues of P18.2 billion and cost of goods sold for P0.8…

A: Formula: Gross profit = Net operating revenue - Cost of goods sold

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Gross profit is the profit earned by an organization before its direct expenses (admin and selling…

Q: A Corporation generated these gross profits during the past recent years when the sales price was…

A: Cost price is represented by Cost of Sales.  Sales Volume in 2019 = P1,900,800 Sales Volume in 2020…

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A: The company's aim will be to increase the profitability of the company. The profits can be arrived…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

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Q: 450.000 360.000 350.000 Assuming that effective January of 2021 the unit cost is higher by 6…

A: Due to increase in  price sale reduced but due to increase in volume of sales increases.

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A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: Prepare a projected statement of comprehensive income for the year ended 31 December 2021 to…

A: Hi student Since there are multiple subparts, we will answer only first three subparts

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

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A: Here to find out the total increase in the quantity sold.  Sales Price was reduced by 10% during in…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: 2018   2019   sales 792,000 sales 810,000 COS 464,000 COS 480,000 gross profit 328,000 gross…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Gross profit is the trading profit earned by the organization. It is calculated = Closing Inventory…

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Q: The portion of the functional income statements of Brief Company for 2021 and 2020 are presented…

A: Net sales for 2021 if price does not change= Sales of 2021 / (1 - decrease in sales %)   =…

Q: Presented below are excerpts from the income statements of Gloo Company for the years ended December…

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Q: The percent of increase (decrease) in cost price must be:

A: Calculation of Percentage Change in Sales Given ,    2019 2018 Sales 810000 792000 The Sales…

Q: Kim Jin Woo Company reported post-tax profit of P491,400 for the year ended December 31, 2020. Cost…

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Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sa. = 2019 - P810,000; 2018 -…

A: Gross Profit Ratio= Gross Profit / Net Sales Gross Profit Margin=Gross Profit/Net sales*100…

Q: For 2021, Hamilton Company had Sales of $5,700,000 and Cost of Goods Sold of $3,600,000. For 2020,…

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Q: effect on sales due to change in selling price

A: Let number of units in 2020 = x  Let number of units in 2021 = y   Unit cost in 2020 = 1,600,000/x…

Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…

A: The profit a corporation makes after subtracting the expenses of producing and selling its goods, or…

Q: The portion of the functional income statements of BP Company for 2021 and 2020 are presented below:…

A: Note:-Dear student I found on small error i.e. you have mentioned there is a decrease of 11% in…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Gross profit is the profit earned by the company from their operating activities. It can be…

Q: he decrease in gross profit due to decrease in selling price must be:

A: Concept of Gross profit Gross profit is the residual income available after deduction of costs that…

Q: Mabuhay Corporation generated these gross profits during the past recent ears when the sales price…

A: Given Information: Sales in 2020 -  P1,944,000 Sales price is 10% lower in 2020