Compute net sales, gross profit, and the gross margin ratio for each of the four separate...
Compute net sales, gross profit, and the gross margin ratio for
each of the four separate companies. (Round your gross
margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as
23.7%.).
|
| Carrier | Lennox | Trane | York | ||||||||
| Sales | $ | 152,000 | $ | 590,000 | $ | 40,000 | $ | 259,000 | |||
| Sales discounts | 2,000 | 13,000 | 600 | 4,000 | |||||||
| Sales returns and allowances | 16,000 | 6,000 | 4,100 | 500 | |||||||
| Cost of goods sold | 90,852 | 369,437 | 26,122 | 149,646 | |||||||
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Compute net sales, gross profit, and the gross margin ratio for
each of the four separate...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 161,000 $ 770,000 $ 49,000 $ 268,000 4,000 17,500 600 4,589 19,800 6,000 5,000 1,500 92,322 471,788 33,418 138,476 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit Gross margin ratio
Saved Help Save & E QS 4-15 Computing and analyzing gross margin ratio LO A2 Salo...
Saved Help Save & E QS 4-15 Computing and analyzing gross margin ratio LO A2 Salo Sales discounts Sales returns and allowances Coat of goods sold Carrier Lennox Trane York $150,000 $550,000 $38,700 $255,700 5,000 17,500 600 4,800 20,000 6,000 5,100 900 79,750 329,589 24,453 126,500 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%) Carrier...
show work Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane...
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Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $157,000 $ 690,000 $ 45,000 S 264,000 4,000 15,500 600 3,900 15,000 6,000 4,600 600 92,874 426,503 30,646 131,307 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) York Carrier Lennox 138,000 $ 668,500 $ Trane 39,800 $ $...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $167,000...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $167,000 $890,000 $ 55,000 $274,000 3,000 20,500 600 5,100 19,000 6,000 5,600 1,400 96,135 542,278 38,064 130,005 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit Gross margin ratio
QS 5-14 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of...
QS 5-14 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold $169,000 4,000 15,000 99,150 $930,000 21,500 6,000 557,745 $57,000 600 5,800 38,962 d $276,000 5,300 2,200 129,417 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; I.e.; 0.2367 should be entered as 23.7%.) (b) Net sales Gross profit Gross margin ratio
QS 4-14 Computing and analyzing gross margin ratio LO A2 $162,000 $790,000 $50,000 $269,000 Sales Sales...
QS 4-14 Computing and analyzing gross margin ratio LO A2 $162,000 $790,000 $50,000 $269,000 Sales Sales discounts Sales returns and allowances Cost of goods sold 4,600 1,400 91,516 473,388 34,111 130,448 5,000 18,000 600 20,000 6,000 5,100 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.е.; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
Sales Sales discounts Sales returns and allowances Cost of goods sold $153,000 4,000 17,000 89,364 $610,000...
Sales Sales discounts Sales returns and allowances Cost of goods sold $153,000 4,000 17,000 89,364 $610,000 13,500 6,000 368,472 $41,000 600 4,200 27,874 $260,000 3,500 1,000 149,723 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; l.e; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
Sales Sales discounts Sales returns and allowances Cost of goods sold $169,000 4,000 15,000 99,150 $930,000 21,500...
Sales Sales discounts Sales returns and allowances Cost of goods sold $169,000 4,000 15,000 99,150 $930,000 21,500 6,000 557,745 $57,000 600 5,800 38,962 $276,000 5,300 2,200 129,417 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; I.e.; 0.2367 should be entered as 23.7%.) (d) Net sales Gross profit Gross margin ratio
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and...
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2
Prepare a multi-step income statemenr and compute the gross profit rate and profit margin ratio for...
Prepare a multi-step income statemenr and compute the gross
profit rate and profit margin ratio for the following.
Part II (20 points) The adjusted trial balance of Baratheon Tool & Die Company included the following selected accounts: I$ $ $ Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense 45,600 Dividends Payable 39,000 Freight-Out 282,000 Gain on Sale of Investment 12,000 Income Tax Expense 7.500 Property Taxes Payable 11,600 Retained Earnings 4,600 | Salaries Expense 14,000 36,000 388,000 24,000 Sales 1,772,000...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 161,000 $ 770,000 $ 49,000 $ 268,000 4,000 17,500 600 4,589 19,800 6,000 5,000 1,500 92,322 471,788 33,418 138,476 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit Gross margin ratio
Saved Help Save & E QS 4-15 Computing and analyzing gross margin ratio LO A2 Salo Sales discounts Sales returns and allowances Coat of goods sold Carrier Lennox Trane York $150,000 $550,000 $38,700 $255,700 5,000 17,500 600 4,800 20,000 6,000 5,100 900 79,750 329,589 24,453 126,500 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%) Carrier...
show work
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $157,000 $ 690,000 $ 45,000 S 264,000 4,000 15,500 600 3,900 15,000 6,000 4,600 600 92,874 426,503 30,646 131,307 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) York Carrier Lennox 138,000 $ 668,500 $ Trane 39,800 $ $...
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $167,000 $890,000 $ 55,000 $274,000 3,000 20,500 600 5,100 19,000 6,000 5,600 1,400 96,135 542,278 38,064 130,005 Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit Gross margin ratio
QS 5-14 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold $169,000 4,000 15,000 99,150 $930,000 21,500 6,000 557,745 $57,000 600 5,800 38,962 d $276,000 5,300 2,200 129,417 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; I.e.; 0.2367 should be entered as 23.7%.) (b) Net sales Gross profit Gross margin ratio
QS 4-14 Computing and analyzing gross margin ratio LO A2 $162,000 $790,000 $50,000 $269,000 Sales Sales discounts Sales returns and allowances Cost of goods sold 4,600 1,400 91,516 473,388 34,111 130,448 5,000 18,000 600 20,000 6,000 5,100 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.е.; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
Sales Sales discounts Sales returns and allowances Cost of goods sold $153,000 4,000 17,000 89,364 $610,000 13,500 6,000 368,472 $41,000 600 4,200 27,874 $260,000 3,500 1,000 149,723 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; l.e; 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio
Sales Sales discounts Sales returns and allowances Cost of goods sold $169,000 4,000 15,000 99,150 $930,000 21,500 6,000 557,745 $57,000 600 5,800 38,962 $276,000 5,300 2,200 129,417 Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; I.e.; 0.2367 should be entered as 23.7%.) (d) Net sales Gross profit Gross margin ratio
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2
Prepare a multi-step income statemenr and compute the gross
profit rate and profit margin ratio for the following.
Part II (20 points) The adjusted trial balance of Baratheon Tool & Die Company included the following selected accounts: I$ $ $ Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense 45,600 Dividends Payable 39,000 Freight-Out 282,000 Gain on Sale of Investment 12,000 Income Tax Expense 7.500 Property Taxes Payable 11,600 Retained Earnings 4,600 | Salaries Expense 14,000 36,000 388,000 24,000 Sales 1,772,000...
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