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Saved points QUESTION 2 Which of the following defines gross profit? a. The amount remaining from...
QUESTION 9 1. What does the operating expense percentage measure? a. The amount of profit left...
QUESTION 9 1. What does the operating expense percentage measure? a. The amount of profit left in a business after deducting cost of goods sold from b. The relative amount of operating expenses (excluding financing costs) incurred comparte goods sold. c. The percentage of sales incurred for operating expenses and income taxes d. The percentage of sales absorbed by operating expenses, excluding interest
QUESTION 11 1. What does the gross margin measure? a. The percent of sales available to...
QUESTION 11 1. What does the gross margin measure? a. The percent of sales available to pay operating expenses, interest expense and income taxe b. The percent of sales remaining after deducting cost of goods sold and operating expenses c. The percent of sales available after operating expenses to make scheduled debt reductions d. The percent of sales remaining before deducting the cost of goods sold.
« Question 16 of 50 > >> Question 16 2 points Saved Which of the following...
« Question 16 of 50 > >> Question 16 2 points Saved Which of the following accounts would not appear in a closing entry? Interest expense Accumulated depreciation Cost of goods sold Dividends Both B and D
Question 1 1.43 pts Which of the following is an example of an administrative expense? Loss...
Question 1 1.43 pts Which of the following is an example of an administrative expense? Loss from disposing of fixed assets Cost of goods sold Office supplies expense Advertising expense Question 2 1.43 pts Which of the following is an example of a selling expense? Advertising expense Rent expense Cost of goods sold Depreciation of land and building James Bonds Company Income Statement For the Year Ended December 31, 2016 Revenues: Sales $300,000 Interest Income 20.000 Total Revenues $320,000 Expenses:...
QUESTION 7 Contribution margin is the amount remaining after: O 1.variable expenses have been deducted from...
QUESTION 7 Contribution margin is the amount remaining after: O 1.variable expenses have been deducted from sales revenue O 2. fixed expenses have been deducted from sales revenue O 3. fixed expenses have been deducted from variable expenses 4. cost of goods sold has been deducted from sales revenue QUESTION 8 Select the appropriate classification of quality cost for each activity. A. Testing&Inspection of incoming raw materials Quality Improvement Projects Warranty Repairs appraisal B. external failure internal failure D. prevention...
Time LimLU.JU.00 Question 1 (1 point) Contribution margin 1) is always the same as gross profit...
Time LimLU.JU.00 Question 1 (1 point) Contribution margin 1) is always the same as gross profit margin. O 2) excludes variable selling costs from its calculation. 3) is calculated by subtracting total manufacturing costs per unit from sales revenue per unit. 4) equals sales revenue minus variable costs. Question 2 (1 point) Contribution margin is 1) the amount of revenue remaining after deducting fixed costs. O2) available to cover fixed costs and contribute to income for the company. 3) sales...
Please answer the question which are CIRCLED IN RED！！ Thanks a lot At Allen Company, manufacturing...
Please answer the question which are CIRCLED IN RED！！ Thanks a
lot
At Allen Company, manufacturing overhead is applied at the rate of 160% of direct labor hours. Overhead was estimated to be $540,000 and direct labor hours were estimated to be 360,000. Actual direct labor hours and actual direct labor costs for the year amounted to 400,000 hours and $700,000. In addition, Allen Company incurred the following actual costs during the year: • Administrative expenses, $100,000 • Depreciation expense...
Calculate the gross profit rate and the profit margin.(Round answers to 1 decimal place, s. 15.2%)...
Calculate the gross profit rate and the profit margin.(Round answers to 1 decimal place, s. 15.2%) Gross profit rate Profit margin Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions Salaries and wages expenses $460 Research and development expense 114 Depreciation expense 90 Income tax expense 498 Sales revenue 46 6,230 Loss on disposal of plant assets 161 Cost of goods sold Interest expense 3,000 Advertising...
Which of the following skills do accountants need? Accountants need to be skilled speakers. Accountants need...
Which of the following skills do accountants need? Accountants need to be skilled speakers. Accountants need to be critical thinkers with good decision-making skills. Accountants need to have experience in all functions of business. Accountants need the skills of Certificated Public Bookkeepers. 2. Which of these groups was involved in developing the study Charting a National Strategy for the Next Generation of Accountants? Pathways Commission American Institute of Certified Public Accountants American Accounting Association all of these 3) Which of...
can you calculate gross profit, operating profit and net profit? thank you Dr. Zhivago Diagnostics Corp.'s...
can you calculate gross profit, operating profit and net
profit? thank you
Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales .. Cost of goods sold Gross profit ................... Selling and administrative expense Operating profit Interest expense Income before taxes ....... Taxes (30%) Income after taxes $2,790,000 1,790,000 $1,000,000 302.000 $ 698,000 54,800 $ 643,200 192,960 $ 450,240
QUESTION 9 1. What does the operating expense percentage measure? a. The amount of profit left in a business after deducting cost of goods sold from b. The relative amount of operating expenses (excluding financing costs) incurred comparte goods sold. c. The percentage of sales incurred for operating expenses and income taxes d. The percentage of sales absorbed by operating expenses, excluding interest
QUESTION 11 1. What does the gross margin measure? a. The percent of sales available to pay operating expenses, interest expense and income taxe b. The percent of sales remaining after deducting cost of goods sold and operating expenses c. The percent of sales available after operating expenses to make scheduled debt reductions d. The percent of sales remaining before deducting the cost of goods sold.
« Question 16 of 50 > >> Question 16 2 points Saved Which of the following accounts would not appear in a closing entry? Interest expense Accumulated depreciation Cost of goods sold Dividends Both B and D
Question 1 1.43 pts Which of the following is an example of an administrative expense? Loss from disposing of fixed assets Cost of goods sold Office supplies expense Advertising expense Question 2 1.43 pts Which of the following is an example of a selling expense? Advertising expense Rent expense Cost of goods sold Depreciation of land and building James Bonds Company Income Statement For the Year Ended December 31, 2016 Revenues: Sales $300,000 Interest Income 20.000 Total Revenues $320,000 Expenses:...
QUESTION 7 Contribution margin is the amount remaining after: O 1.variable expenses have been deducted from sales revenue O 2. fixed expenses have been deducted from sales revenue O 3. fixed expenses have been deducted from variable expenses 4. cost of goods sold has been deducted from sales revenue QUESTION 8 Select the appropriate classification of quality cost for each activity. A. Testing&Inspection of incoming raw materials Quality Improvement Projects Warranty Repairs appraisal B. external failure internal failure D. prevention...
Time LimLU.JU.00 Question 1 (1 point) Contribution margin 1) is always the same as gross profit margin. O 2) excludes variable selling costs from its calculation. 3) is calculated by subtracting total manufacturing costs per unit from sales revenue per unit. 4) equals sales revenue minus variable costs. Question 2 (1 point) Contribution margin is 1) the amount of revenue remaining after deducting fixed costs. O2) available to cover fixed costs and contribute to income for the company. 3) sales...
Please answer the question which are CIRCLED IN RED！！ Thanks a
lot
At Allen Company, manufacturing overhead is applied at the rate of 160% of direct labor hours. Overhead was estimated to be $540,000 and direct labor hours were estimated to be 360,000. Actual direct labor hours and actual direct labor costs for the year amounted to 400,000 hours and $700,000. In addition, Allen Company incurred the following actual costs during the year: • Administrative expenses, $100,000 • Depreciation expense...
Calculate the gross profit rate and the profit margin.(Round answers to 1 decimal place, s. 15.2%) Gross profit rate Profit margin Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions Salaries and wages expenses $460 Research and development expense 114 Depreciation expense 90 Income tax expense 498 Sales revenue 46 6,230 Loss on disposal of plant assets 161 Cost of goods sold Interest expense 3,000 Advertising...
can you calculate gross profit, operating profit and net
profit? thank you
Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales .. Cost of goods sold Gross profit ................... Selling and administrative expense Operating profit Interest expense Income before taxes ....... Taxes (30%) Income after taxes $2,790,000 1,790,000 $1,000,000 302.000 $ 698,000 54,800 $ 643,200 192,960 $ 450,240
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