Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Assume Kangaroo Kut made Net Sales Revenue of $85,000 and Cost of Goods Sold totaled $47,000. What was Kangaroo Kut's gross profit percentage for this

Assume Kangaroo Kut made Net Sales Revenue of $85,000 and Cost of Goods Sold totaled $47,000. What was Kangaroo Kut's gross profit percentage for this period? (Round your answer to the nearest whole percent.) A 229 B. 45% OC. 55% D. 2.5 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

AML Auditing Understanding Currency Transaction Reports What Every AML KYC Auditor Should Know

Authors: Bob Walsh

1st Edition

153952731X, 978-1539527312

More Books

Students also viewed these Accounting questions

Question

★★★★★

Consider the following 2009 4WD, 6-Cyl SUV data. a. What value do you anticipate for a correlation coefficient of the two variables annual petroleum consumption in barrels, x, and annual tons of CO2...

Answered: 1 week ago

Question

★★★★★

Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount...

Answered: 1 week ago

Question

★★★★★

36. Let X be uniformly distributed on [0, 1]. Find a linear function Y g(X) such that the interval [0, 1] is transformed into [5, 5]. Use the relationship for linear functions MaX b(t) ebtMX(at)...

Answered: 1 week ago

Question

★★★★★

Which of the four examples of conflict resolution is the best example, in your opinion, of effective resolution? Why?

Answered: 1 week ago

Question

★★★★★

Provenzano Corporation manufactures two products: Product B56Z and Product D32N. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing...

Answered: 1 week ago

Question

★★★★★

5. To advertise or not to advertise Suppose that Expresso and Beantown are the only two firms that sell coffee. The following payoff matrix shows the profit (in millions of dollars) each company will...

Answered: 1 week ago

Question

★★★★★

An IT director reviews a cyber security audit and learns that an old accounting server is significantly out of compliance. Rather than attempting repairs, the director concludes that decommissioning...

Answered: 1 week ago

Question

★★★★★

The purpose of one-way ANOVA is to compare multiple means from the variations of the mean. The null hypothesis is Ho = 2 = = k and alternate is HA i Hj. We have the sample data in the table: Y1 Y2...

Answered: 1 week ago

Question

★★★★★

Answer any two questions from the 3 questions below. At least one market equilibrium graph is required and at least a page to response to explain the graph and answer the question. Question #1:...

Answered: 1 week ago

Question

★★★★★

You have recently been hired as the VP of Talent Management. One of your primary duties is Human Resource Planning (HRP), ensuring that the organization, has the "right" employees in the "right" jobs...

Answered: 1 week ago

Question

★★★★★

On March 10 2021, in Strasbourg France, a fire broke out and destroyed one of four data centers of the French cloud computing company 'OVH', one of Europe's top cloud computing service provider's...

Answered: 1 week ago

Question

★★★★★

V. Conclusion and follow-up A. Take any questions or concerns B. Establish next meeting time and what should be accomplished by then?

Answered: 1 week ago

Question

★★★★★

3 As the groups leader, do you have a responsibility to these interns to ensure that they get the most from their internship experience?

Answered: 1 week ago

Question

★★★★★

How do cognitive, psychological, and social forces affect decision making in groups youre currently involved in? Have these forces ever caused your group to make a poor decision? If so, how?

Answered: 1 week ago

Previous Question Next Question