Calculate net profit as a percentage of sales if net profit was 45,000 and sales were 400,000.
Question:
Calculate net profit as a percentage of sales if net profit was £45,000 and sales were £400,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The net profit as a percentage of sales can be calculated by ...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
Question Posted:
Students also viewed these Business questions
-
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...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
On a Friday afternoon in October 2000, Joseph Duncan, a third-year distribution systems analyst for the Michigan Department of Commerce, was sitting at his office desk reading through some background...
-
Delmott sells a snowboard, Xpert that is popular with snowboard enthusiasts. Below is information relating to Delmotts purchases of Xpert snowboards during September. During the same month, 102 Xpert...
-
Suppose you are the money manager of a $4 million investment fund. The fund consists of 4 stocks with the following investments and betas: If the market required rate of return is 14 percent and the...
-
Alva Community Hospital has five laboratory technicians responsible for doing a series of standard blood tests. Each technician is paid a salary of $30,000 and is capable of processing 4,000 tests...
-
What are the pillars upon which effective and legitimate laws are based? LO.1
-
Wafers, Inc., processes silicon crystals into purified wafers and chips. Silicon crystals cost $60,000 per tank-car load. The process involves heating the crystals for 12 hours, producing 45,000...
-
Bed \& Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: A study indicates that $375,000 of the fixed...
-
(a) Calculate the current ratio if current assets are 50,000 and current liabilities are 30,000. (b) If inventory is 28,000, what is the acid test ratio?
-
Calculate gross profit as a percentage of sales if gross profit was 70,000 and sales were 400,000.
-
Ann Avery is the general manager of Taylor's, a steakhouse located in a southwestern U.S. city that has been open for about a year. The restaurant has been a success so far, but Avery doesn't yet...
-
How have you maintained your medical billing skills over the past 12 months? Include any courses or learning opportunity you used to build your current knowledge base. How did these skills help you?...
-
1. What issues does Bob Holland face as he takes over as CEO of Ben & Jerry's? Which are the most important? 2. Where is the market headed? What are the competitive influences and compare the...
-
Do you think there is a difference between diversity management and affirmative action? Provide an explanation for your response. Support your response with APA cited references. Response: Diversity...
-
1. In what ways do practical and statistical significance work together to help us understand program effects? Can one be important to aprogram evaluator withoutthe other? If so, how? If not, why...
-
How do IT metrics, measurements, productivity, and efficiency work together? Make sure you explain each word.Make sure to pick out two or three specific IT data and measures. Also, back up what you...
-
Use the 175 ranked axial loads of aluminum cans. Find the indicated percentile, quartile, or decile. D,
-
Fahrad Inc. sells all of its product on account. Fahrad has the following accounts receivable payment experience: Percent paid in the month of sale .........10 Percent paid in the month after the...
-
Why do you think it would be a bad thing to distribute as dividends the reserves acquired at the time of acquisition?
-
Pa Ltd buys 100 per cent of the shares of Son Ltd on 31 December 20X2. The balance sheets of the two companies on 31 December 20X3 are as shown. You are to draw up a consolidated balance sheet as at...
-
The following balance sheets of Parents Forever Ltd, Sonny 1 Ltd and Sonny 2 Ltd were drawn up as soon as Parents Forever Ltd had acquired the shares in both subsidiaries. You are to draw up a...
-
If you purchase a $1000 par value bond for $1065 that has a 6 3/8% coupon rate and 15 years until maturity, what will be your annual return? 5.5% 5.9% 5.7% 6.1%
-
Famas Llamas has a weighted average cost of capital of 8.8 percent. The companys cost of equity is 12 percent, and its pretax cost of debt is 6.8 percent. The tax rate is 22 percent. What is the...
-
The common stock of a company paid 1.32 in dividens last year. Dividens are expected to gros at an 8 percent annual rate for an indefinite number of years. A) If the company's current market price is...
Study smarter with the SolutionInn App