Homework Answers
Using the cost of goods sold formula as below:
Cost of goods sold = Sales - Gross Profit
= 50,283 - 11,565
= 38,718 million
Add Answer to:
for a recent year techmart reported sales of 50,283 million. its gross profit was $11,565 million....
For a recent year, Jones Electronics reported sales of $34,151 million. Its gross profit was $8,879...
For a recent year, Jones Electronics reported sales of $34,151 million. Its gross profit was $8,879 million. What was the amount of Jones Electronics cost of goods sold? (Enter answer in millions.)
Can someone help, I got answer 37,656 but its saying in correct...any help would be great...
Can someone help, I got answer 37,656 but its saying in
correct...any help would be great
Determining Cost of Goods Sold For a recent year, Tech Mart reported sales of $53,144 million. Its gross profit was $13,817 million. What was the amount of TechMart's cost of goods sold? (Enter answer in millions.) $ x million Feedback Check My Work Sales revenue minus gross profit equals the cost of goods sold. Learning Objective 1.
2. EX.05-01 Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost...
2. EX.05-01 Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000. a. What is the amount of the gross profit? $ 4700000 b. Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number. % 40% c. When will the income statement report net income? 3. EX.05-02. Algo (Algorithmic) Determining Cost of Goods Sold For a recent year, TechMart reported sales of $50,695 million....
reported these figures for its fiscal year (amounts in millions): BCF Inc. reported these figures for...
reported these figures for its fiscal year (amounts in
millions):
BCF Inc. reported these figures for its fiscal year (amounts in millions): Net sales .......$ 1,300 Cost of goods sold. .................. 1.150 Ending inventory ......... 330 Suppose BCF later learns that ending inventory was overstated by $7 million. What are the correct amounts for (a) net sales, (b) ending inventory, (c) cost of goods sold, and (d) gross profit? (a) Net sales would be $1 million. (b) Ending inventory would...
AFW Inc. reported these figures for its fiscal year (amounts in millions): Net sales..........................$ 2,100 Cost...
AFW Inc. reported these figures for its fiscal year (amounts in millions): Net sales..........................$ 2,100 Cost of goods sold..................... Ending inventory ................. 1,140 Suppose AFW later learns that ending inventory was overstated by 58 milion. What are the correct amounts for (a) net sales, (b) ending inventory le cost of goods and propre (a) Net sales would be s million (b) Ending inventory would be 5 million (c) Cost of goods sold would be $ million (d) Gross profit would...
For a recent year L'Oreal reported operating profit of €3,497 (in millions) for its Cosmetics division....
For a recent year L'Oreal reported operating profit of €3,497 (in millions) for its Cosmetics division. Total assets were €12,600 (in millions) at the beginning of the year and €14,300 (in millions) at the end of the year. Compute return on investment for the year. (Enter answer in millions €) Return on Investment Numerator 1 Denominator = Percentage L'Oreal
Each section has the same options Calculating Gross Profit and Preparing an Income Statement In 2013,...
Each section has the same options
Calculating Gross Profit and Preparing an Income Statement In 2013, Colgate-Palmolive Company reported sales revenue of $17,420 million and cost of goods sold of $7,219 million. Its net income was $2,410 million. Galculate gross profit and prepare an income statement using the format illustrated in Exhibit 1.8 Do not use negative signs with any of your answers. Colgate-Palmolive Company Income Statement For the year ended December 31, 2013 S millions) 0 Gross Profit Net...
A company reported a gross profit percentage of 25% with net sales of $347,800. What is...
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
Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0...
Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0 percent. What amount of Cost of Goods Sold did the company report? ost of Goods Sold
Determining gross profit During the current year, merchandise is sold for $8,560,000. The cost of the...
Determining gross profit During the current year, merchandise is sold for $8,560,000. The cost of the goods sold is $6,077,600. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. What is the amount of the gross profit? Round your answer to the nearest dollar. a. $ 2,482,400 b.Compute the gross profit percentage (gross profit divided by sales). Round your answer to the nearest whole...
Can someone help, I got answer 37,656 but its saying in
correct...any help would be great
Determining Cost of Goods Sold For a recent year, Tech Mart reported sales of $53,144 million. Its gross profit was $13,817 million. What was the amount of TechMart's cost of goods sold? (Enter answer in millions.) $ x million Feedback Check My Work Sales revenue minus gross profit equals the cost of goods sold. Learning Objective 1.
2. EX.05-01 Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of the goods sold is $7,050,000. a. What is the amount of the gross profit? $ 4700000 b. Compute the gross profit percentage (gross profit divided by sales). Round to the nearest whole number. % 40% c. When will the income statement report net income? 3. EX.05-02. Algo (Algorithmic) Determining Cost of Goods Sold For a recent year, TechMart reported sales of $50,695 million....
reported these figures for its fiscal year (amounts in
millions):
BCF Inc. reported these figures for its fiscal year (amounts in millions): Net sales .......$ 1,300 Cost of goods sold. .................. 1.150 Ending inventory ......... 330 Suppose BCF later learns that ending inventory was overstated by $7 million. What are the correct amounts for (a) net sales, (b) ending inventory, (c) cost of goods sold, and (d) gross profit? (a) Net sales would be $1 million. (b) Ending inventory would...
AFW Inc. reported these figures for its fiscal year (amounts in millions): Net sales..........................$ 2,100 Cost of goods sold..................... Ending inventory ................. 1,140 Suppose AFW later learns that ending inventory was overstated by 58 milion. What are the correct amounts for (a) net sales, (b) ending inventory le cost of goods and propre (a) Net sales would be s million (b) Ending inventory would be 5 million (c) Cost of goods sold would be $ million (d) Gross profit would...
For a recent year L'Oreal reported operating profit of €3,497 (in millions) for its Cosmetics division. Total assets were €12,600 (in millions) at the beginning of the year and €14,300 (in millions) at the end of the year. Compute return on investment for the year. (Enter answer in millions €) Return on Investment Numerator 1 Denominator = Percentage L'Oreal
Each section has the same options
Calculating Gross Profit and Preparing an Income Statement In 2013, Colgate-Palmolive Company reported sales revenue of $17,420 million and cost of goods sold of $7,219 million. Its net income was $2,410 million. Galculate gross profit and prepare an income statement using the format illustrated in Exhibit 1.8 Do not use negative signs with any of your answers. Colgate-Palmolive Company Income Statement For the year ended December 31, 2013 S millions) 0 Gross Profit Net...
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
Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0 percent. What amount of Cost of Goods Sold did the company report? ost of Goods Sold
Most questions answered within 3 hours.
-
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 9 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 19 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 21 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 21 minutes ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 38 minutes ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 46 minutes ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 46 minutes ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 58 minutes ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 1 hour ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 1 hour ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 1 hour ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 1 hour ago