Q: Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled…
A: Gross profit = Sales - Cost of Goods Sold = $90,000-$58,000…
Q: LC4Q4. Mustafa had OMR 15000 in sales for the month. His commission rate is 7% over OMR 10000. What…
A: Sales commission: It is that amount paid to the commission agent that is agreed upon in lieu of the…
Q: Sales $ 150,000 $ 550,000 $ 38,700 $ 255,700 Sales discounts 5,000 17,500 600 4,800 Sales returns…
A: Formula: Gross profit = Net sales - Cost of goods sold
Q: Yanik Nunez Company Company les revenue $170,100 198450 les returns and allowances $ 9,450 11340…
A: b) Formula to complete gross margin percentage as given below: Gross margin percentage = (Gross…
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: 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: 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: BT21 Co. reported profit after tax of ₱420,000. BT21’s income tax rate is 30%. Operating expenses…
A: Profit After Tax 420,000 Add: Income Tax ($420000 * 30 / 70) 180,000…
Q: McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,921,000; 40% of…
A: d) The discount percentage is 3% The computation of number of days:
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: TJVTBP218 Corp.'s income statement for the second quarter of the year is below: TJVTBP218 Corp.…
A: No. of units sold = Total sales / Sales price per unit = $840000/70 = 12000 units
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: Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and 26,000…
A: The gross profit margin is calculated as gross profit divided by net sales revenue. Gross profit =…
Q: Calculate gross profit when total purchases during the year are Rs. 8,00,000; returns outward Rs.…
A: We have the following information: Total Purchases: Rs.8,00,000 Return outwards: Rs.20,000 Direct…
Q: 7YReferring to the following table, what is Net sales revenue? Sales revenue $460,000| Cost of goods…
A: Formula: Net sales revenue = Sales revenue - Sales discounts - Sales returns and allowances
Q: Find the average payment period of accounts payable is $20,000, costs of goods sold is $200,000, and…
A: A solvency ratio that provides information regarding the capability of a firm to pay off its…
Q: Sales is $ 500000 Sales returns and allowance $ 25000 Cost of zoods sold 250000 Doternine the Not…
A: Formula: Net sales = Sales - Sales returns and allowances deduction of sales returns and allowances…
Q: Fara Corporation has accounts receivable of P400,000. Its manufacturing cost approximates 35 percent…
A: Manufacturing cost = accounts receivable X 35% = 400000 x 35% = P140,000
Q: evenue for the year amounted to R4 500 000 and represents net sales to third parties of goods…
A: Gross profit = Net sales x Gross profit rate = R4,500,000 x 40% = R1,800,000
Q: . If net sales amounted to P200,000, net income before tax is P80,000 and the income tax rate is…
A: Profit margin ratio is the profitability ratio which shows ratio of net income with net sales in the…
Q: Sales $24,350,735 Cost of goods sold 15,300,000 Gross margin $9,050,735 Operating expenses 4,910,685…
A: Times Interest Earned Ratio or TIE, measures the firm's ability to meet its debt obligations on a…
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: Using the financial information is presented below: Operating Expenses $ 55,000…
A: Solution: Net sales = Sales - Sales returns and allowances - Sales discount = $160,000 - $13,000 -…
Q: A company has sales of Gh1,000.The company sells three types of goods . Sixty percent of sales are…
A: Total sales = Gh 1000 Type A sales = 60%
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: Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the…
A: Cost of goods sold is the cost of goods which is sold by the company. The cost of goods sold is the…
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: Problem 1. Better Man Company reported the following information on its income statement for the…
A: Net Sales = Sales - Sales return and allowances - Sales discounts Gross profit = Net Sales - Cost of…
Q: SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000…
A: Formula: Gross profit = Sales - Cost of goods sold
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: If the net sales 1250 000 ID ., selling expenses 250 000 ID., Administrative expenses 250 000 ID.,…
A: Solution:- Calculation of Gross profit as follows under:-
Q: Given the following amounts: Ravena Inc. P1,600,000 ales 60% of Sales ost of Sales perating Expenses…
A: Ratio analysis- A ratio analysis is a mathematical method for determining a company's liquidity,…
Q: Sales $ 150,000 $ 550,000 $ 38,700 $ 255,700 Sales discounts 5,000 17,500 600…
A: Formula: Net sales = Sales - Sales discount - Sales returns and allowances. Deduction of sales…
Q: Cupery Co. has sales revenue of $117,000, cost of goods sold of $60,000, and operating expenses of…
A: Gross profit = Sales - Cost of goods sold Net profit = Gross profit - Operating expenses Gross…
Q: Sales 460,000 Cost of goods sold 300,000 Operating expenses 85,000 Sales discounts 20,000 Sales…
A: Solution: Net sales = Sales - Sales discounts - sales return and allowances = 460000 - 20000 - 15000…
Q: The expenses other than interest expense of Ratio Company for the current year is 40% of cost of…
A: First of all, profit before tax shall be calculated so that other items could be find accordingly.
Q: If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000,…
A: The gross profit is calculated as difference between sales and cost of goods sold. Gross profit= Net…
Q: If the sales revenue 830 000 ID , - 10 sales returns 12 000 ID , sales allowance and discount 28 000…
A: The term net sales refers to the total sale revenue generated by the company after deducting the…
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: Following is the partial financial information of Candy Company. K120,000 K100,000 K800,000 К40 Net…
A: The Break-even point is that of sales at which the operating fixed cost of the company equals to the…
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: sing the financial information is presented below: Operating Expenses $ 55,000…
A: Formula: Gross Profit = Net Sales – Cost of Goods Sold Gross Profit = (Sales – Sales returns and…
Q: 16. WASHY PALE Co. has the following information on December 31, 20x1: - Cost of sales is P260,000.…
A: Net profit is the total income earned by the company during an accounting year after deducting all…
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: Calculate Net Profit in dollars.
A: Information Provided: Total sales = $1,500,000 Gross profit = 40% of Sales Payroll Costs = $257,000…
A salesperson is paid 10% of all sales plus 6% of all sales over $6500. Find the salesperson's gross pay from sales of
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- 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. 1,090,000If sales is $100,000 and the gross profit markup is 25%, what is the amount for gross profit? $20,000 $25,000 $120,000 $125,000If 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 total
- A company has sales of Gh1,000.The company sells three types of goods . Sixty percent of sales are of types A which is sold at a mark-up of 20%. Type B goods are sold at a margin of 30%.The cost of this B sold in the year was Gh 154 and total gross profit for the year was Gh 184. What wast the cost of sales for type C?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.evenue for the year amounted to R4 500 000 and represents net sales to third parties of goods purchased for resale. Rainbow Limited maintained a 40% gross profit percentage throughout the year. How much would be the cost of sales for Rainbow Limited? Select one: a. R7 500 000 b. R11 250 000 c. R2 700 000 d. R1 800 000
- If 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 $200,000Given : Avarege trade receivables of a firm is 40.000 , average finished goods is 50.000 , cost of goods sold is 200.000 and net sales is 250.000 . What is trade receivables turnover? a) 40.000 / 250.000b) 40.000/ 200.000c) 250.000 / 40.000d) 200.000/ 40.000Adriana Co., with annual net sales of $5 million, maintains a markup of 25% based on cost. Adriana’s expenses average 15% of net sales. What is Adriana’s gross profit and net profit in dollars?
- A company has sales of Ghc1,000. The company sell three types of goods. Sixty percent of sales are of type A. Which is sold at a mark -up of 20%. Type B goods are sold at a margin of 30%. The cost of type B sold in the year was Ghc154 and the total gross profit for the year was Ghc184. What was the gross profit for type C?McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,921,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 70 days after their purchases. d. What is the percentage cost of trade credit to customers who do not take the discount and pay in 70 days?Dr. Zhivàgo Diagnostics Corp.'s income statement for 20X1 is as follows: Sales $ 2,970,000 Cost of goods sold 1,600,000 Gross profit $ 1,370,000 Selling and administrative expense 375,000 Operating profit $ 995,000 Interest expense 57,000 Income before taxes $ 938,000 Taxes (30%) 281,400 Income after taxes $ 656,600 a. Compute the profit margin for 20X1. (Input the profit margin as a percent rounded to 2 decimal places.) b. Assume that in 20X2, sales increase by 10 percent and cost of goods sold increases by 20 percent. The firm is able to keep all other expenses the same. Assume a tax rate of 30 percent on income before taxes. What is income after taxes and the profit margin for 20X2? (Input the profit margin as a percent rounded to 2 decimal places.) Income after taxes ......................... Profit margin