A company has net sales of $729,000 and cost of goods sold of $292,000. Its gross...

Question

Question

A company has net sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals:

Multiple Choice

Answer 1

Answer #1

Gross Profit : $ 437,000 Working Notes: Net Sales = $729,000 Cost of goods Sold = $292,000 Gross Profit = Net Sales - Cost of

Answer 2

Similar Homework Help Questions

A company has sales of $725,600 and cost of goods sold of $290,600 Its gross profit...

A company has sales of $725,600 and cost of goods sold of $290,600 Its gross profit equals: Multiple Choice o $(435,000). o $725,600. o $290,600. Ο. $435,000. Ο $1,016,200.
A company had net sales of $801,200 and cost of goods sold of $568,910. Its net...

A company had net sales of $801,200 and cost of goods sold of $568,910. Its net income was $28,390. The company's gross margin ratio equals: Multiple Choice
A company has sales of $708,600 and cost of goods sold of $283,600. Its gross profit...

A company has sales of $708,600 and cost of goods sold of $283,600. Its gross profit equals:

A company has net sales of $755,700 and cost of goods sold of $545,700. Its net...

A company has net sales of $755,700 and cost of goods sold of $545,700. Its net income is $18,410. The company's gross margin and operating expenses, respectively, are: Multiple Choice $228,880 and $527,290 $210,000 and $228,880 $736,820 and $191,590 $527,290 and $228,880 $210,000 and $191,590
A company has net sales of $625,600 and cost of goods sold of $412,896. The company's...

A company has net sales of $625,600 and cost of goods sold of $412,896. The company's gross profit percentage is: Multiple Choice Ο 0.33%. Ο 2.94%. Ο 349%. Ο 66%.
A company's net sales were $731,500, its cost of goods sold was $245,050 and its net...

A company's net sales were $731,500, its cost of goods sold was $245,050 and its net Income was $64,100. Its gross margin ratio equals: Multiple Choice ο ο ο ο ο

A company had net sales of $784,800 and cost of goods sold of $560,400. Its net income was $24,770. The company's gross...

A company had net sales of $784,800 and cost of goods sold of $560,400. Its net income was $24,770. The company's gross margin ratio equals:
A company has sales of $722,200 and cost of goods sold of $289,200. Its gross profit...

A company has sales of $722,200 and cost of goods sold of $289,200. Its gross profit (loss) equals:Multiple Choice $1,011,400. $289,200. $722,200. $433,000. $(433,000). A company purchased a new delivery van at a cost of $62,000 on July 1. The delivery van is estimated to have a useful life of 5 years and a salvage value of $5,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year...
A company had sales of $352,000 and cost of goods sold of $201,000. Its gross profit...

A company had sales of $352,000 and cost of goods sold of $201,000. Its gross profit equals $151,000. True or False

Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and...

Mega Skateboard Supplier had net sales of $2,400,000. its cost of goods sold was $1,300,000 and its net income was $800,000. Its gross margin ratio equals: Multiple Choice 185% 33% O 469