Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

A company shows the following balances: Sales $970000 220000 Sales returns and allowances Cost of goods sold Operating expenses 600000 79000 What is the gross

A company shows the following balances: Sales $970000 220000 Sales returns and allowances Cost of goods sold Operating expenses 600000 79000 What is the gross profit margin? 38.1% 81.5% 61.9% 0 20.0%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

58. At a certain gas station, 40% of the customers use regular unleaded gas (A1), 35% use extra unleaded gas (A2), and 25% use premium unleaded gas (A3). Of those customers using regular gas, only...

Answered: 1 week ago

Question

★★★★★

Diekmann Company, a U.S.-based company, acquired a 100 percent interest in Rakona A.S. in the Czech Republic on January 1, 2016, when the exchange rate for the Czech koruna (Ks) was $0.05. Rakona's...

Answered: 1 week ago

Question

★★★★★

Let's eat: A fast-food restaurant chain has 607 outlets in the United States. The following table categorizes them by city population size and location, and presents the number of restaurants in each...

Answered: 1 week ago

Question

★★★★★

Figure: Foreign Trade 1 A graph shows a domestic supply, world supply, and domestic demand curves with price along the vertical axis and quantity along the horizontal axis. The data are as follows....

Answered: 1 week ago

Question

★★★★★

Fall Guys has amassed 50 million players two weeks after being relaunched as a free-to-play title. Mediatonic broke the news on social media, with the latest milestone arriving shortly after the...

Answered: 1 week ago

Question

★★★★★

Ransomware attacks have increased during the pandemic, and, as a result, the damage to corporations can be great. If the data of millions of customers is compromised, the market pressure alone can...

Answered: 1 week ago

Question

★★★★★

What's the Best Approach to Data Analytics? Pl go through this HBR article very carefully and by Tom O'Toole MARCH 02, 2020 JOE DANIEL PRICE/GETTY IMAGES In practicing data analytics for more than...

Answered: 1 week ago

Question

★★★★★

What should Disney do to mitigate the losses stemming from the two scandals and to minimize the likelihood of such reputation-threatening incidents recurring in the future?

Answered: 1 week ago

Question

★★★★★

Calculate the productivity for the following operations: a.Three employees process 600 insurance policies in a week. They work 8 hours per day, 5 days per week.

Answered: 1 week ago

Previous Question Next Question