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Marigold Company Swifty Company 81,200 Sales revenue (d) (a) 5,450 Sales returns and allowances Net sales...
Exercise 3-15 Presented below is financial information for two different companies. Compute the missing amounts. Stellar...
Exercise 3-15
Presented below is financial information for two different
companies.
Compute the missing amounts.
Stellar Company
Pearl Company
Sales revenue
81,200
(d)
Sales returns and allowances
(a)
5,450
Net sales
80,740
85,710
Cost of goods sold
57,090
(e)
Gross profit
(b)
36,450
Operating expenses
15,680
23,960
Net income
(c)
12,490
I need help with this question. Thank You. Financial information for two companies are presented below....
I need help with this question. Thank You.
Financial information for two companies are presented below. Fill in the missing amounts. Swifty Corporation Marigold Corp. $74,000 $ Sales revenue Sales returns and allowances 3,400 Net sales 68,000 84,000 Cost of goods sold 51,000 Gross profit 26,880 Operating expenses 10,880 Net income 8,400 eTextbook and Media 10:59 A A 44922/ uporacy Aporoc Net income 8,400 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round...
Assume Tamarisk, Inc. has the following reported amounts: Sales revenue $1,509,600, Sales returns and allowances $44,400,...
Assume Tamarisk, Inc. has the following reported amounts: Sales revenue $1,509,600, Sales returns and allowances $44,400, Cost of goods sold $976,800, and Operating expenses $325,600. (a) Compute net sales. (b) Compute gross profit. (c) Compute income from operations. (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.)
Fill in the missing amounts. Blue Spruce Corp. Kingbird, Inc. Sales revenue $110,000 $ Sales returns...
Fill in the missing amounts. Blue Spruce Corp. Kingbird, Inc. Sales revenue $110,000 $ Sales returns and allowances 7,000 Net sales 104,000 126,000 Cost of goods sold 67,600 Gross profit 46,620 Operating expenses 16,640 Net income 26,460 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round answers to O decimal places, e.g. 15%.) Blue Spruce Corp. Kingbird, Inc. Profit margin Gross profit rate eTextbook and Media
Presented below is information for Swifty Company for the month of March 2020. Cost of goods...
Presented below is information for Swifty Company for the month
of March 2020. Cost of goods sold $218,520 Rent expense $30,370
Freight-out 6,450 Sales discounts 7,050 Insurance expense 5,410
Sales returns and allowances 12,910 Salaries and wages expense
58,680 Sales revenue 386,090.
----> Compute the gross profit rate. (Round
answer to 2 decimal places, e.g. 25.20%.)
Gross profit rate
%
We were unable to transcribe this imageSWIFTY COMPANY Income Statement For the Month Ended March 31, 2020 Sales Sales Revenue...
4-Financial information is presented below: Operating expenses $ 41000 Sales returns and allowances 5000 Sales discounts...
4-Financial information is presented below: Operating expenses $ 41000 Sales returns and allowances 5000 Sales discounts 9000 Sales revenue 162000 Cost of goods sold 93000 5-The amount of net sales on the income statement would be $157000. $153000. $148000. $162000. Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances 4000 Sales discounts 7000 Sales revenue 160000 Cost of goods sold 94000 Gross Profit would be $55000. $70000. $66000. $62000.
Pronghorn Ltée Culver Ltd. $98,400 $ Sales Sales returns and allowances 5,000 Net sales 89,300 101,500...
Pronghorn Ltée Culver Ltd. $98,400 $ Sales Sales returns and allowances 5,000 Net sales 89,300 101,500 Cost of goods sold 59,300 Gross profit 39100 39,900 Operating expenses 19,700 19400 18,000 Income from operations Other revenues Other expenses 750 0 1,800 Income before income tax 750 Income tax expense 2,300 Net income 12,500
Cushman Company had $848,000 in sales, sales discounts of $12,720, sales returns and allowances of $19,080,...
Cushman Company had $848,000 in sales, sales discounts of $12,720, sales returns and allowances of $19,080, cost of goods sold of $402,800, and $291,710 in operating expenses. Gross profit equals:
Assume Kader Company has the following reported amounts: Sales revenue $510,000
Brief Exercise 5-10 Assume Kader Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000, Cost of goods sold $330,000, and Operating expenses $110,000. (a) Compute net sales. Net sales = $_______ (b) Compute gross profit. Gross profit = $_______ (c) Compute income from operations. Income from operations = $_______(d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.29.) Gross profit rate = $_______
Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances 7000 Sales discounts...
Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances 7000 Sales discounts 5000 Sales revenue 180000 Cost of goods sold 88000 Gross profit would be?
Exercise 3-15
Presented below is financial information for two different
companies.
Compute the missing amounts.
Stellar Company
Pearl Company
Sales revenue
81,200
(d)
Sales returns and allowances
(a)
5,450
Net sales
80,740
85,710
Cost of goods sold
57,090
(e)
Gross profit
(b)
36,450
Operating expenses
15,680
23,960
Net income
(c)
12,490
I need help with this question. Thank You.
Financial information for two companies are presented below. Fill in the missing amounts. Swifty Corporation Marigold Corp. $74,000 $ Sales revenue Sales returns and allowances 3,400 Net sales 68,000 84,000 Cost of goods sold 51,000 Gross profit 26,880 Operating expenses 10,880 Net income 8,400 eTextbook and Media 10:59 A A 44922/ uporacy Aporoc Net income 8,400 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round...
Fill in the missing amounts. Blue Spruce Corp. Kingbird, Inc. Sales revenue $110,000 $ Sales returns and allowances 7,000 Net sales 104,000 126,000 Cost of goods sold 67,600 Gross profit 46,620 Operating expenses 16,640 Net income 26,460 eTextbook and Media Calculate the profit margin and the gross profit rate for each company. (Round answers to O decimal places, e.g. 15%.) Blue Spruce Corp. Kingbird, Inc. Profit margin Gross profit rate eTextbook and Media
Presented below is information for Swifty Company for the month
of March 2020. Cost of goods sold $218,520 Rent expense $30,370
Freight-out 6,450 Sales discounts 7,050 Insurance expense 5,410
Sales returns and allowances 12,910 Salaries and wages expense
58,680 Sales revenue 386,090.
----> Compute the gross profit rate. (Round
answer to 2 decimal places, e.g. 25.20%.)
Gross profit rate
%
We were unable to transcribe this imageSWIFTY COMPANY Income Statement For the Month Ended March 31, 2020 Sales Sales Revenue...
Pronghorn Ltée Culver Ltd. $98,400 $ Sales Sales returns and allowances 5,000 Net sales 89,300 101,500 Cost of goods sold 59,300 Gross profit 39100 39,900 Operating expenses 19,700 19400 18,000 Income from operations Other revenues Other expenses 750 0 1,800 Income before income tax 750 Income tax expense 2,300 Net income 12,500
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