Define gross profit on sales.
Question:
Define gross profit on sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Gross profit on sales also known as gross profit margin or gross margin is a financial metric that m...View the full answer
Answered By
RADHIKA MEENAKAR
I am a qualified indian Company Secretary along with Masters in finance with over 6 plus years of professional experience. Apart from this i am a certified accounts and finance tutor on many online platforms.
My Linkedin profile link is here https://www.linkedin.com/in/radhika-meenakar-88b9808a/
5.00+
12+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
183.Demski Company has used a two-stage cost allocation system for many years. In the first stage, plant overhead costs are allocated to two production departments, P1 and P2, based on machine hours....
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
Presented below is selected information related to the financial instruments of Dawson Company at December 31, 2020. This is Dawson Company?s first year of operations. Instructions a. Dawson elects...
-
Sulfuric acid is a dehydrating agent. Write balanced equations for the reactions between sulfuric acid and the following substances: (a) HCOOH, (b) H3PO4, (c) HNO3, (d) HClO3.
-
Finlandiva, a furniture manufacturer based in Finland, is owned by U.S.-based Couch Potato, Inc. Finlandivas balance sheet at the current exchange rate of $1.00/ is shown in the following table. a....
-
A company had income of \(\$ 50,000\) using variable costing for a given period. Beginning and ending inventories for that period were 13,000 units and 18,000 units, respectively. Required: Ignoring...
-
Thornby Inc. has completed its fiscal year on December 31. The auditor, Kim Holmes, has approached the CFO, Brad Potter, regarding the year-end receivables and inventory levels of Thornby Inc. The...
-
Implement Johnsons algorithm to fin all pairs shortest paths. The input text file will contain the graph represented as an adjacency matrix. Values of 2 millino will represent infinity edge weights...
-
Define gross profit percentage. How is this percentage used by analysts and investors?
-
Define the return on sales ratio. What does this ratio measure?
-
Berry Company is an architectural firm located in Detroit, Michigan. The company works with small and medium-size construction businesses to prepare building plans according to client contract. Berry...
-
Lasil Payments Check Number Cash Credit 5901 1,846 5902 740 5903 399 5904 2,044 5905 935 5906 1,040 5907 244 5908 384 5909 1,882 9,514 Cash Account Number 101 Date August 31 Explanation PR Debit...
-
Sheridan Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project Investment Annual Income Life of Project 22A $242,200 $16,890 6 years 23A...
-
How security officials manage identified vulnerabilities regarding natural, man-made, and technological threats. List the recovery and operational backup plans and how to evaluate the effectiveness...
-
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cost...
-
Walmart has been doing some target market research to better understand its segments. The following results are done at a 95% confidence level and were asked to only their primary target market...
-
Give the structure of the product formed when each of the following alkenes reacts with bromine in water: (a) 2-Methyl-1-butene (c) 3-Methyl-1-butene (b) 2-Methyl-2-butene (d) 1-Methylcyclopentene
-
The company manufactures three products: wooden chairs, tables and dressers. AFC started off as a 'Mom & Pop' shop but has grown rapidly. AFC uses one assembly line to build all three products,...
-
PC 0 10.10.10.10/24 gi 0/0.10 10.10.10.1/24 Router gi0/0.20 192.168.10.1/24 fa0/22 Trunk Port Allowing VLAN 10 and 20 fa 0/1 VLAN 10 fa 0/2 VLAN 20 PC 1 192.168.10.10/24 723 1) Setup connections as...
-
RECEIPTS DURING 2022/23 DATE FULL YEAR Net Wages DESCRIPTION Rent from property in North Sydney Shift allowance Dividend from Ponderous Ltd Reimbursement of work uniform $ 49.500 PAYGW totalled...
-
Design a data entry screen for entering membership details. The data entry screen should include all the elements required (textboxes, buttons, navigation, etc) 8. Design a car booking screen that...
Study smarter with the SolutionInn App