Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 21, 2024

Crane Corp. has annual sales totaling $1026000 and an average gross profit of 20% of cost. What is the dollar amount of the gross profit?

$171000.

$153900.

$256500.

$205200.

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

IFRS edition volume 2

978-0470613474, 470613475, 978-0470616314

More Books

Students also viewed these Accounting questions

Question

★★★★★

Provide two programming examples in which multithreading does not provide better performance than a single-threaded solution

Answered: 1 week ago

Question

★★★★★

1. A query can contain ____ of the fields in the table. A) one B) some C) all D) all of the above 2. To rename a field, edit the field name in the ____ and press the Tab key. A) design grid B)...

Answered: 1 week ago

Question

★★★★★

4. A mechanic builds an engine and then sells it to a customized body shop for $7,000. The body shop installs the engine in the car and resells it to a dealer for $20,000. The dealer then sells the...

Answered: 1 week ago

Question

★★★★★

1. Draw a Gantt chart for the construction phase of the program. What is the completion date if construction starts in March? What is the completion date of the project if construction is started in...

Answered: 1 week ago

Question

★★★★★

Work with your team to identify three points that the AMA targets opposing full practice authority for NPs. One team member will list the letter your team has chosen and the three points identified...

Answered: 1 week ago

Question

★★★★★

Question 3 (A) Oct The following are the movement of inventories of Beta Sdn. Bhd. for the month of October 2021: Date Particulars Unit Cost RM/kg 1 Balance b/d 500 kgs 2.00 5 Sold 450 kgs 7...

Answered: 1 week ago

Question

★★★★★

Problem 1. (10 POINTS) DATA SUMMARIES AND LINEAR TRANSFORMATIONS. In this problem, you will explore how data summaries change under liner transformation of the data. Consider a sample x1,...,xn. Let...

Answered: 1 week ago

Question

★★★★★

Masipag Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers.. For January 2019, Masipag Company presented the...

Answered: 1 week ago

Question

★★★★★

15. ERD Company manufactures and sells two types of beach towels, standard and deluxe. ERD expects the following operating results next year for each type of towel: Standard Deluxe Sales P450,000...

Answered: 1 week ago

Question

★★★★★

A ARIZONA Eller Student Name: Operations Management Assignment: Operations & Competitiveness Amy's Baking Company (Kitchen Nightmares, Season 6, Episode 16, FOX)...

Answered: 1 week ago

Question

★★★★★

An unavoidable cost may be met by outlays of $85,000 now and $6,000 at the end of every six months for four years (Alternative 1) or by making monthly payments of $1,770 for eight years (Alternative...

Answered: 1 week ago

Previous Question Next Question