For a recent year, Jones Electronics reported sales of $34,151 million. Its gross profit was $8,879...
For a recent year, Jones Electronics
reported sales of $34,151 million. Its gross profit was $8,879
million. What was the amount of Jones Electronics cost of goods
sold? (Enter answer in millions.)
Homework Answers
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For a recent year, Jones Electronics
reported sales of $34,151 million. Its gross profit was $8,879...
for a recent year techmart reported sales of 50,283 million. its gross profit was $11,565 million....
for a recent year techmart
reported sales of 50,283 million. its gross profit was $11,565
million.
Determining Cost of Goods Sold For a recent year, TechMart reported sales of $50,283 million. Its gross profit was $11,565 million. s What was the amount of TechMart's cost of goods sold? (Enter answer in millions.) million
Can someone help, I got answer 37,656 but its saying in correct...any help would be great...
Can someone help, I got answer 37,656 but its saying in
correct...any help would be great
Determining Cost of Goods Sold For a recent year, Tech Mart reported sales of $53,144 million. Its gross profit was $13,817 million. What was the amount of TechMart's cost of goods sold? (Enter answer in millions.) $ x million Feedback Check My Work Sales revenue minus gross profit equals the cost of goods sold. Learning Objective 1.
reported these figures for its fiscal year (amounts in millions): BCF Inc. reported these figures for...
reported these figures for its fiscal year (amounts in
millions):
BCF Inc. reported these figures for its fiscal year (amounts in millions): Net sales .......$ 1,300 Cost of goods sold. .................. 1.150 Ending inventory ......... 330 Suppose BCF later learns that ending inventory was overstated by $7 million. What are the correct amounts for (a) net sales, (b) ending inventory, (c) cost of goods sold, and (d) gross profit? (a) Net sales would be $1 million. (b) Ending inventory would...
The Jones Sales Company had a gross profit margin of 26% and sales of $9.2 million...
The Jones Sales Company had a gross profit margin of 26% and sales of $9.2 million last year. 76% of the firm's sales are on credit, and the remainder are cash sales. Jones current assets equal $1.7 million, its current liabilities equal $295,400, and it has $108,300 in cash plus marketable securities. If Jones accounts receivable equal $563,200 what is its average collection period? If Jones reduces its average collection period to 25 days, what will be its new level...
2. EX.05-01 Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost...
2. EX.05-01 Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000. a. What is the amount of the gross profit? $ 4700000 b. Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number. % 40% c. When will the income statement report net income? 3. EX.05-02. Algo (Algorithmic) Determining Cost of Goods Sold For a recent year, TechMart reported sales of $50,695 million....
AFW Inc. reported these figures for its fiscal year (amounts in millions): Net sales..........................$ 2,100 Cost...
AFW Inc. reported these figures for its fiscal year (amounts in millions): Net sales..........................$ 2,100 Cost of goods sold..................... Ending inventory ................. 1,140 Suppose AFW later learns that ending inventory was overstated by 58 milion. What are the correct amounts for (a) net sales, (b) ending inventory le cost of goods and propre (a) Net sales would be s million (b) Ending inventory would be 5 million (c) Cost of goods sold would be $ million (d) Gross profit would...
For a recent year L'Oreal reported operating profit of €3,497 (in millions) for its Cosmetics division....
For a recent year L'Oreal reported operating profit of €3,497 (in millions) for its Cosmetics division. Total assets were €12,600 (in millions) at the beginning of the year and €14,300 (in millions) at the end of the year. Compute return on investment for the year. (Enter answer in millions €) Return on Investment Numerator 1 Denominator = Percentage L'Oreal
A company reported a gross profit percentage of 25% with net sales of $347,800. What is...
A company reported a gross profit percentage of 25% with net sales of $347,800. What is the amount of cost of goods sold? Multiple Choice O $86,950 0 $108,688 0 $326,063 0 $260,850
The annual sales for Jones, Inc. were $4.62 million last year. The firm's end-of-year balance sheet...
The annual sales for Jones, Inc. were $4.62 million last year. The firm's end-of-year balance sheet was as follows: Current assets: $ 505,000 Liabilities: $992,000 Net fixed assets: $1,479,000 Owners equity: $992,000 Total assets: $1,984,000 Total: $1,984,000 Jones income statement for the year was as follows: Sales $4,620,000 Less: cost of goods sold (3,492,000) Gross profit $1,128,000 Less: operating expenses (501,000) Net operating income $627,000 Less: interest expense (92,000) Earnings before taxes $535,000 Less: taxes (35%) (187,250) Net income $347,750...
Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0...
Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0 percent. What amount of Cost of Goods Sold did the company report? ost of Goods Sold
for a recent year techmart
reported sales of 50,283 million. its gross profit was $11,565
million.
Determining Cost of Goods Sold For a recent year, TechMart reported sales of $50,283 million. Its gross profit was $11,565 million. s What was the amount of TechMart's cost of goods sold? (Enter answer in millions.) million
Can someone help, I got answer 37,656 but its saying in
correct...any help would be great
Determining Cost of Goods Sold For a recent year, Tech Mart reported sales of $53,144 million. Its gross profit was $13,817 million. What was the amount of TechMart's cost of goods sold? (Enter answer in millions.) $ x million Feedback Check My Work Sales revenue minus gross profit equals the cost of goods sold. Learning Objective 1.
reported these figures for its fiscal year (amounts in
millions):
BCF Inc. reported these figures for its fiscal year (amounts in millions): Net sales .......$ 1,300 Cost of goods sold. .................. 1.150 Ending inventory ......... 330 Suppose BCF later learns that ending inventory was overstated by $7 million. What are the correct amounts for (a) net sales, (b) ending inventory, (c) cost of goods sold, and (d) gross profit? (a) Net sales would be $1 million. (b) Ending inventory would...
2. EX.05-01 Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000. a. What is the amount of the gross profit? $ 4700000 b. Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number. % 40% c. When will the income statement report net income? 3. EX.05-02. Algo (Algorithmic) Determining Cost of Goods Sold For a recent year, TechMart reported sales of $50,695 million....
AFW Inc. reported these figures for its fiscal year (amounts in millions): Net sales..........................$ 2,100 Cost of goods sold..................... Ending inventory ................. 1,140 Suppose AFW later learns that ending inventory was overstated by 58 milion. What are the correct amounts for (a) net sales, (b) ending inventory le cost of goods and propre (a) Net sales would be s million (b) Ending inventory would be 5 million (c) Cost of goods sold would be $ million (d) Gross profit would...
For a recent year L'Oreal reported operating profit of €3,497 (in millions) for its Cosmetics division. Total assets were €12,600 (in millions) at the beginning of the year and €14,300 (in millions) at the end of the year. Compute return on investment for the year. (Enter answer in millions €) Return on Investment Numerator 1 Denominator = Percentage L'Oreal
A company reported a gross profit percentage of 25% with net sales of $347,800. What is the amount of cost of goods sold? Multiple Choice O $86,950 0 $108,688 0 $326,063 0 $260,850
Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0 percent. What amount of Cost of Goods Sold did the company report? ost of Goods Sold
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