A franchisee has yearly gross sales of $200,000, net profit of $30,000, gross profit of $15,000, and brand royalties of 5 percent. What amount is the franchisee likely to pay the franchisor per annum?
A franchisee has yearly gross sales of $200,000, net profit of $30,000, gross profit of $15,000,...
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 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
Dome Metals has credit sales of $378,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay . a. What is the average receivables balance? (Use a 360-day year.) AVERAGE RECIEBLES BALANCE b. What is the receivables turnover? ? (Use a 360-day year.) RECIEVABLES TURNOVER Dome Metals has credit sales of $126,000 yearly. If Dome offers...
calculate the Net Income based upon the following: Sales $100,000 Gross Profit Margin 35% of Sales Operating Profit Margin (EBIT) 20% of Sales Interest Expense $5,000 Tax Rate 35% A. $6,500 B. $6,000 C. $15,000
If net sales are $390,000. cost of goods available for sale is $340,000, and gross profit percentage is 35% What is the amount of ending inventory? Ending inventory
What is the dollar and % change formula for net sales, gross profit, and net income
A company reported a gross profit percentage of 25% with net sales of $347,800. What is the amount of cost of goods sold? Multiple Choice O $86,950 0 $108,688 0 $326,063 0 $260,850
2016 2015 Net sales $728,450 $699,312 Cost of goods sold $200,000 $224,000 Gross margin $528,450 $475,312 Selling/administrative costs $120,000 $125,000 Operating income $408,450 $350,312 Income tax expense $77,606 $66,559 Net income $330,844 $283,753 A common size income statement analysis would show what figure for the following company: A. The 2016 change in operating income is $58,138 B. The change in gross margin is $53,138 C. 2016 operating income (as a percent of net sales) is 56.1% D. The percent change...
Dome Metals has credit sales of $162,000 yearly with credit terms of net 30 days, which is also the average collection period. Assume the firm adopts new credit terms of 2/15, net 30 and all customers pay on the last day of the discount period. Any reduction in accounts receivable will be used to reduce the firm's bank loan which costs 8 percent. The new credit terms will increase sales by 20% because the 2% discount will make the firm's...
Dome Metals has credit sales of $504,000 yearly with credit terms of net 60 days, which is also the average collection period. Assume the firm adopts new credit terms of 3/18, net 60 and all customers pay on the last day of the discount period. Any reduction in accounts receivable will be used to reduce the firm's bank loan which costs 10 percent. The new credit terms will increase sales by 15% because the 3% discount will make the firm's...