Gross profit=Net sales-Cost of goods sold
=600,000-350,000
=$250,000
Gross profit%=Gross profit/Net sales
=250,000/600,000
=41.67%(Approx)
Olivera Inc. provides the following data for the year 2015: Sales Revenue $625,000 Sales Returns and...
Olivera Company provides the following data for the year 2013: Net Sales Revenue: $398,000 Cost of goods sold $255,000 Operating Expenses: $95,000 Income Tax Expense: $9,000 On a vertical analysis, what percentage would be shown for operating expenses? A. 22.9% B. 24.5% C. 23.9% D. 66.4%
Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold 598,000 - 370,000 The gross profit as a percentage of net sales is (Round your answer to two decimal places.) O A. 36.25% OB. 61.87% O C. 39.13% OD. 38.13%
The following information pertains to Spee Co.'s 2016 sales: Cash sales Gross $40,000 Returns and allowances 2,000 Credit sales Gross 60,000 Discounts 3,000 On January 1, 2016, customers owed Spee $20,000. On December 31, 2016, customers owed Spee $15,000. Spee uses the direct write-off method for bad debts. No bad debts were recorded in 2016. Under the cash basis of accounting, what amount of revenue should Spee report for 2016?
Forever uses the p a rty system OA Sales Revenue Cost of Goods Sold Sales Revenue OC. Sales Revenue Account Rece ODA Sales Revenge Refer to the following trial balance Credit Accounts Receivable Merchandise Inventory Supplies Debit $15.000 41000 61.000 18.000 330,000 Accounts Payable Notes Payable Common Stock Retained Earnings Dividends 315.000 22.000 3.000 3.000 A3245.000 OB. 599.000 C5107 000 OD S102.000 Cick to select your answer 25,000 315.000 22,000 3,000 455.000 Notes Payable Common Stock Retained Earnings Dividends Sales...
Blue Company has the following data for the year. Beginning inventory Net sales revenue $210,000 $300,000 Net purchases Normal gross profit rate $140,000 30% What is the estimated ending inventory? (Round your final answer to the nearest dollar) O A. $140,000 O B. $350,000 OC. $260,000 OD. $210,000
The following is summary of information presented on the financial statements of a company on December 31, 2015 Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net income before income tax expense Income tax expense Net Income 2015 $607,000 452,000 155,000 54,000 101,000 39,000 $62,000 2014 $500,000 404,000 96,000 56,000 40,000 20,000 $20,000 What would a horizontal analysis report show with respect to net sales revenue? O A. a 241.59% decrease in net sales revenue. OB....
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%.)
e-Bay Inc. provides the following information for the year 2015: Net income $260,000 Market price per share of common stock $50 per share Dividends paid $200,000 Common stock outstanding at Jan 1, 2015 170,000 shares Common stock outstanding at Dec 31, 2015 240,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. O A. 32.68 times OB. 46.30 times OC. 50.00 times OD. 39.42 times
What’s the answers for all 4 questions Test: Week #1 Exam #2 Sheikcal, Inc provides the fotowing data for the year 2017 Sales Reve Sales Retuns and Allowances Sales Discount 420 000 1400 This Question: 1 pt 417,750 250.000 Cost of Goods Olivera, Inc provides the foilowing data for 2017 he cost of goods sold as a pencentage of net sales ever Round your answer to to dea Sales Revenue Sales Retums and Alowances Sales Discounts Netl Sales Revenue Cost...
The following information relates to Nebula, Inc. Sales Revenue $240,000 Cost of Goods Sold 150,000 Interest Revenue 10,000 Operating Expenses 40,000 Sales Discounts 20,000 Sales Returns and Allowances 7000 Calculate the operating income. Group of answer choices $23,000 $80,000 $33,000 $240,000