Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

Assume Musk Maker made Net Sates Revenue of $80.000 and Cost of Goods Sold totaled $42,000 What was Music Maker's gross profit percentage for this

Assume Musk Maker made Net Sates Revenue of $80.000 and Cost of Goods Sold totaled $42,000 What was Music Maker's gross profit percentage for this period? (Round your answer to the nearest whole percent) 2.2 times 24% 53% 48%

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

Horngren S Financial And Managerial Accounting The Managerial Chapters RENTAL EDITION

Authors: Miller-Nobles

1st Edition

0136503748, 978-0136503743

More Books

Students also viewed these Accounting questions

Question

★★★★★

Describe how one would conduct a Brinell hardness test.

Answered: 1 week ago

Question

★★★★★

=+4. Comparing stocks and government bonds, which has more risk?

Answered: 1 week ago

Question

★★★★★

6 Explain five strategies for using communication technology successfully

Answered: 1 week ago

Question

★★★★★

North Pole Fishing Equipment Corporation and South Pole Fishing Equipment Corporation would have identical equity betas of 1.10 if both were all equity financed. The market value information for each...

Answered: 1 week ago

Question

★★★★★

Assume Musk Maker made Net Sates Revenue of $80.000 and Cost of Goods Sold totaled $42,000 What was Music Maker's gross profit percentage for this period? (Round your answer to the nearest whole...

Answered: 1 week ago

Question

★★★★★

If the present value of $100 is to be compounded for 5 years at a discount of %5 the future value(at the end of 5 years) will be

Answered: 1 week ago

Question

★★★★★

Suppose you took part in a national exam. Your test results indicated that you were in the 79th percentile on the exam. What does this mean? Select ALL that apply Group of answer choices Your score...

Answered: 1 week ago

Question

★★★★★

00:19:58 Question #15 of 25 Qu A client who is primarily concerned that inflation might erode the purchasing power of his annuity income would NOT be a good candidate for ik NR han Pleas such surrel...

Answered: 1 week ago

Question

★★★★★

Jolene is having some friends over and her 11-month-old daughter begins to cry. Jolene ignores the baby for a while until her friends ask her if she wants to go tend to the baby. Jolene then gets a...

Answered: 1 week ago

Question

★★★★★

(1) Suppose your supplier offered you credit terms of 1.5/10 net 40 days. Your firm is not taking discounts, but is paying after 35 days instead of waiting until Day 40. What is the effective annual...

Answered: 1 week ago

Question

★★★★★

Valley Corp.'s stock is currently selling at $43 per share. There are 1.3 million shares outstanding. The firm is planning to raise $2.9 million to finance a new project. a. What are the ex-rights...

Answered: 1 week ago

Question

★★★★★

2. Consider a group to which you belongyour communication class, your family, your religious community, and so on. Draw a chart that depicts members of the group and the patterns of communication...

Answered: 1 week ago

Question

★★★★★

4. Consider the adjourning phase of group development for a group you were part of that disbandedScouts, a sports team, the school newspaper staffand think about what aspects of the group made for...

Answered: 1 week ago

Question

★★★★★

4. Explain how a groups cohesion, norms, and individual differences affect group processes and outcomes

Answered: 1 week ago

Previous Question Next Question