Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 11, 2024

Assume made Net Sales Revenue of 84,000 and Cost of Goods Sold totaled 43,000 . What was gross profit percentage for this period? (Round your

Assume made Net Sales Revenue of 84,000 and Cost of Goods Sold totaled 43,000 . What was gross profit percentage for this period? (Round your answer to the nearest whole percent

51%

29%

2.5

times

49%

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

Advanced Financial Accounting

Authors: Theodore Christensen, David Cottrell, Cassy Budd

13th Edition

1260772136, 9781260772135

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is the difference between the concepts of fair market value and fair value?

Answered: 1 week ago

Question

★★★★★

What are the main characteristics of the distribution of chi-square statistics?

Answered: 1 week ago

Question

★★★★★

Define cognitive distortions and irrational beliefs and give an example of each.

Answered: 1 week ago

Question

★★★★★

Harrys Potter's yearly earnings depend on the local weather conditions. If the weather over the year is good (which happens with a probability of .4), Harrys Potter's pre-tax earnings are high and...

Answered: 1 week ago

Question

★★★★★

View the information. View units expected to be sold. Shaw, Inc. expects no inventory units at the end of the second, third and fourth quarters. ( If an amount is $ 0 , make sure to enter " 0 " in...

Answered: 1 week ago

Question

★★★★★

a. Each of the following figures shows a person (not to scale) located on Earth at either 40?N or 40?S latitude Rank the figures based on how much time the person spends in day period. from most to...

Answered: 1 week ago

Question

★★★★★

(Figure: Home's Import-Competing Industry) What is the area gained by consumers after trade? Give numerical answer. Show your work. Price A Supply PD 100 D B Pw 50 . .. G Demand 800 1300 1700 Quantity

Answered: 1 week ago

Question

★★★★★

A parachute company sells safety devices that are designed to fire, releasing the reserve parachute, at a mean height of 335.2 m with a standard deviation of 12.1 m. The company recently updated the...

Answered: 1 week ago

Question

★★★★★

1. Although Apples inbound logistics began with Apple controlling the assembly of its computers, it shifted to having suppliers acquire raw materials with contract manufacturers handling most of the...

Answered: 1 week ago

Question

★★★★★

Compose two (2) pieces of academic writing on the following questions. Responses should be 800 words each and have a short introduction, body, and a short conclusion. Research Task 1 What are the...

Answered: 1 week ago

Question

★★★★★

Timber Log Homes Ltd. (Timber) has produced log home kits in its current location of Langley, British Columbia, since 1987. Until recently, Dean Fortin, the chief operating officer, was the sole...

Answered: 1 week ago

Question

★★★★★

Find the annual depreciation using SYD method. A Computer Company has purchased some computers worth $5,000,000. It cost them $200,000 to transport the Computer to their location. The Company...

Answered: 1 week ago

Question

★★★★★

=+How well do you feel women are represented in executive and board positions in firms in your country? Do you think a similar scheme would improve things?

Answered: 1 week ago

Question

★★★★★

=+4. Have a look at this video, which shows Coca-Colas Worlds Largest Bottle-to-Bottle Recycling Plant (http://www.youtube.com/watch? v=0f4Sl804HPM). What are your thoughts?

Answered: 1 week ago

Question

★★★★★

=+Politicians in egalitarian Norway, aware that by 2002 only 6 per cent of directors were female, legislated the following year to introduce the controversial quota, which came into full force [in...

Answered: 1 week ago

Previous Question Next Question