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A company has net sales of $222,000, cost of goods sold $89,000, operating expenses of $55,000,...
A company has sales revenue of $222,000, cost of goods sold $81,000, operating expenses of $49,000,...
A company has sales revenue of $222,000, cost of goods sold $81,000, operating expenses of $49,000, and other expenses of $4,000. The company's operating income is: O A. $92,000. O B. $88,000 OC. $137,000. OD. $32,000.
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue...
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 77% 16% 61% Company B 100% 21% 79% 24% 55% 4% 51% 4% 47% 3% 58% 3% 55% Which company is more profitable based on this common - size statement? O A. Company B OB. Company A OC. Company A and B are equally profitable OD. Cannot determine from...
A company has sales revenue of $225.000, cost of goods sold 595,000, operating expenses of $56,000,...
A company has sales revenue of $225.000, cost of goods sold 595,000, operating expenses of $56,000, and other expenses of $3,000. The company's operating income is O A $39,000 OB. 5127,000 OC. 571,000 OD. 574.000
Cheshire Co purchased $2.100 of merchandise on account. The forms of the purchase are 3/15, 1545,...
Cheshire Co purchased $2.100 of merchandise on account. The forms of the purchase are 3/15, 1545, FOB shipping point with prepaid shipping costs of $110. Cheshire pays within the discount period, what is the amount of the purchase discount? (Round the final answer to the nearest cent) O A $59.70 OB. $63 00 O C. 566.30 OD. No discount is allowed when shipping is prepaid Woods company uses the perpetual inventory system. At year end the general ledger indicated that...
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate...
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate $340,000 40% The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 16%. O B. 71%. O c. 28%. OD. 29%
Sheridan Company reported net sales $700,000; cost of goods sold $455,000; operating expenses $183,750; and net...
Sheridan Company reported net sales $700,000; cost of goods sold $455,000; operating expenses $183,750; and net income $59,500 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, es. 10.2%) Profit margin Gross profit rate
Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231.000; and net...
Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231.000; and net income $74,800. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%.) Profit margin Gross profit rate
Maydak Company reported the following items for the month of July! Sales revenue $610,000 Cost of goods sold $290,00...
Maydak Company reported the following items for the month of July! Sales revenue $610,000 Cost of goods sold $290,000 Beginning inventory $65,400 Ending inventory $76,200 The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 48% OB. 52% OC. 22% OD. 26%
Sunland Company reported net sales of $243,000, cost of goods sold of $145,800, operating expenses of...
Sunland Company reported net sales of $243,000, cost of goods sold of $145,800, operating expenses of $54,400, net income of $38,880, beginning total assets of $453,300, and ending total assets of $612,700. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin enter percentages rounded to 1 decimal place % Gross profit rate enter percentages rounded to 1 decimal place %
A company has sales revenue of $222,000, cost of goods sold $81,000, operating expenses of $49,000, and other expenses of $4,000. The company's operating income is: O A. $92,000. O B. $88,000 OC. $137,000. OD. $32,000.
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 77% 16% 61% Company B 100% 21% 79% 24% 55% 4% 51% 4% 47% 3% 58% 3% 55% Which company is more profitable based on this common - size statement? O A. Company B OB. Company A OC. Company A and B are equally profitable OD. Cannot determine from...
A company has sales revenue of $225.000, cost of goods sold 595,000, operating expenses of $56,000, and other expenses of $3,000. The company's operating income is O A $39,000 OB. 5127,000 OC. 571,000 OD. 574.000
Cheshire Co purchased $2.100 of merchandise on account. The forms of the purchase are 3/15, 1545, FOB shipping point with prepaid shipping costs of $110. Cheshire pays within the discount period, what is the amount of the purchase discount? (Round the final answer to the nearest cent) O A $59.70 OB. $63 00 O C. 566.30 OD. No discount is allowed when shipping is prepaid Woods company uses the perpetual inventory system. At year end the general ledger indicated that...
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate $340,000 40% The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 16%. O B. 71%. O c. 28%. OD. 29%
Sheridan Company reported net sales $700,000; cost of goods sold $455,000; operating expenses $183,750; and net income $59,500 Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, es. 10.2%) Profit margin Gross profit rate
Tamarisk, Inc. reported net sales $880,000; cost of goods sold $572,000; operating expenses $231.000; and net income $74,800. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%.) Profit margin Gross profit rate
Maydak Company reported the following items for the month of July! Sales revenue $610,000 Cost of goods sold $290,000 Beginning inventory $65,400 Ending inventory $76,200 The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 48% OB. 52% OC. 22% OD. 26%
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