Homework Answers
| 1) | |||
| Particulars | Amount ($) | Amount in % | |
| Net sales | 1390000 | 100% | |
| Less: | Cost of goods sold(COGS)* Percentage=COGS/Net sales = 815300/1390000 | *81500 | 58.65% |
| Gross margin Percentage=Gross margin/Net sales =574700/1390000 | 574700 | 41.35% | |
| Less: | **Operating expenses Percentage=Operating expenses/Net sales =469700/1390000 | 469700 | 33.79% |
| Ner Profit Percentage=Net Profit/Net sales =105000/1390000 | 105000 | 7.55% | |
| * COGS =Net Sales - Gross margin | |||
| = 1390000 - 574700 | |||
| = $ 815300 | |||
| **Operating expenses=Gross margin - Net Profit | |||
| =574700 - 105000 | |||
| = $ 469700 | |||
| 2) | |||
| Particulars | Amount ($) | Amount in % | |
| Net sales | 2140000 | 100% | |
| Less: | Cost of goods sold(COGS)* Percentage=COGS/Net sales = 1605000/2140000 | 1605000 | 75.00% |
| Gross margin Percentage=Gross margin/Net sales =535000/2140000 | 535000 | 25.00% | |
| Less: | Operating expenses Percentage=Operating expenses/Net sales =625000/2140000 | 625000 | 29.21% |
| **Ner Profit Percentage=Net Profit/Net sales =(90000)/2140000 | $ (90,000) | -4.21% | |
| * COGS =Net Sales - Gross margin | |||
| = 2140000 - 535000 | |||
| = $ 1605000 | |||
| **Net Loss=Gross margin - Operating expenses | |||
| = 535000 - 625000 | |||
| = $ (90000) |
Add Answer to:
$ $1,390.000 % 100.0% $574,700 $105,000 100 101 102 Net sales $1,390,000 103 Gross margin $574,700...
Module Two: Merchandising for a Profit Operating Income (Gross Sales and...
Module Two: Merchandising for a Profit Operating Income (Gross Sales and Net Sales) 1. Return Percentages: Customer returns and allowances for Department #620 came to $5,500. Gross sales in the department were $100,000. What percentage of merchandise sold was returned? Customer returns and allowances $5,500 Gross sales $100,000 Return Percentage 2. Net Sales $: If gross sales...
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and...
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax...
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC (refer...
Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Tesco PLC
(refer to Exhibit 2.13).
Multiple Choice
5.4% and 5.1%
5.4% and 2.3%
Cannot be calculated with the information provided
4.2% and 8.3%
EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising on property-related items....
1. Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC...
1. Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Tesco PLC
(refer to Exhibit 2.13).
a. 5.4% and 2.3%
b. 5.4% and 5.1%
c. Cannot be calculated with the information provided
d. 4.2% and 8.3%
EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising...
Sales: $250,000 Net Cost of Purchases: $70,000 Ending Inventory: $ 20,000 Gross Margin: $80,000 Net Income/Loss:...
Sales: $250,000 Net Cost of Purchases: $70,000 Ending Inventory: $ 20,000 Gross Margin: $80,000 Net Income/Loss: $ 24,000 Calculate Beginning Inventory, COGS and Operating Expenses.
For a hospital, how to calculate Gross Profit Margin , Operating Profit Margin , Net Profit Margin , &nb...
For a hospital, how to calculate Gross Profit Margin , Operating Profit Margin , Net Profit Margin , Profit after Taxes ? Note: There is no "Cost of good sold"and “Sales”。 There are only “Operating Revenues”, “Operating Expenses”, “Operating Income (Loss)”, “Nonoperating Revenues (Expenses)” , and “Net Position” given.
Beginning Inventory: $24,000 Ending Inventory: $ 36,000 COGS: $216,000 Operating Expenses: $80,000 Gross Margin: 120,000 Net...
Beginning Inventory: $24,000 Ending Inventory: $ 36,000 COGS: $216,000 Operating Expenses: $80,000 Gross Margin: 120,000 Net Income/Loss: $ 40,000 Calculate Sales and Net Cost of Purchases.
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...
Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses...
Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses $10,000,000 Promotion expenses 4.000,000 14,000,000 General and Administrative Expenses Managerial salaries and expenses for the marketing function $1,000,000 Indirect overhead 6.000,000 7000,000 Net profit before income tax $19,000,000 Determine the following ratios: a. gross margin percentage b. net profit percentage c. operating expense percentage d. net marketing contribution e. marketing return on...
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Tesco PLC
(refer to Exhibit 2.13).
Multiple Choice
5.4% and 5.1%
5.4% and 2.3%
Cannot be calculated with the information provided
4.2% and 8.3%
EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising on property-related items....
1. Calculate gross profit margin (gross profit/revenues) and
operating profit margin (operating profit/revenues) for Tesco PLC
(refer to Exhibit 2.13).
a. 5.4% and 2.3%
b. 5.4% and 5.1%
c. Cannot be calculated with the information provided
d. 4.2% and 8.3%
EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising...
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...
Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses $10,000,000 Promotion expenses 4.000,000 14,000,000 General and Administrative Expenses Managerial salaries and expenses for the marketing function $1,000,000 Indirect overhead 6.000,000 7000,000 Net profit before income tax $19,000,000 Determine the following ratios: a. gross margin percentage b. net profit percentage c. operating expense percentage d. net marketing contribution e. marketing return on...
Most questions answered within 3 hours.
-
How could meeting industry expectations, propel managers into
challenging and possible conflict of interest situations? How...
asked 20 minutes ago -
You have been married to your spouse for 10 years. You have two
small children (ages...
asked 2 hours ago -
Spiderman makes a leap from one building to
another. He starts on one building that is...
asked 2 hours ago -
A
symbol is something that stands for something else. What are the
symbols in education?what are...
asked 2 hours ago -
The charge to the left in the figure above has a
magnitude of 2.90 nC, and...
asked 3 hours ago -
Verify the MIRR is 9.29% given cash flows in years 1 and 2 of
$1,000 each,...
asked 4 hours ago -
Calculate the pH of a 5.7 M solution of aniline (C6H5NH2; Kb =
3.8 x 10^-10)
asked 6 hours ago -
LSL R3, R3, R12
Memory
Address
Orig.
Data
Updated
Data
Register
Orig.
Data
Updated
Data
0x84F0...
asked 6 hours ago -
Air at 100 kPa and density of 1.2 kg/m3 flows upward through a
5-cm diameter inclined...
asked 6 hours ago -
Define the following concepts in your own words: (a) stiffness,
(b) strength, (c) strain,
(d) ductility,...
asked 7 hours ago -
In C++
In this homework, you will be tasked with creating functions to
manipulate strings that...
asked 8 hours ago -
An isolated colony represents a pure culture. one rare occasions
, however , a colony can...
asked 8 hours ago