Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

GammaRayCorp has annual sales totaling $ 1 , 1 7 0 , 0 0 0 and an average gross profit of 2 0 % of

GammaRayCorp has annual sales totaling $

1, 170, 000

and an average gross profit of

20 %

of cost

.

What is the dollar amount of the gross profit?

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

Principles Of Accounting 2

Authors: OpenStax

1st Edition

0357366808, 9780357366806

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Dow Jones Industrial Average is an index of the prices of only 30 stocks. Consider a much broader measure of the stock market -- the market value of equities (FRED code: MVEONWMVBSNNCB) which...

Answered: 1 week ago

Question

★★★★★

Data clustering is to find groups of objects ( data points ) such that the objects within a group will be . . . to / from one another and . . . . to / from the objects in other groups.

Answered: 1 week ago

Question

★★★★★

5. What type of ambivalence do I have in regard to taking the next step?

Answered: 1 week ago

Question

★★★★★

First Aid and Emergencies An emergency is defined as a situation where there is an immediate risk to health, life, property or environment and urgent action is needed to try to stop the situation...

Answered: 1 week ago

Question

★★★★★

Sunland Ltd. issued 390,000,7%,10-year bonds on January 1,2020 , for 418,704. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Sunland...

Answered: 1 week ago

Question

★★★★★

Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up...

Answered: 1 week ago

Question

★★★★★

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago

Question

★★★★★

Discuss briefly about S N 1 (CB) mechanism for the reaction: [Co(en) 2 NH 3 Cl] 2+ + OH - ? [Co(en) 2 NH 3 OH] 2+ + Cl -

Answered: 1 week ago

Question

★★★★★

Write a Python program to count the vowels present in a given input string. Explain the output of the program .

Answered: 1 week ago

Question

★★★★★

Describe the Python program to implement selection sort. Simulate your code on the following data: 2,52,1,5,2,54,62,64

Answered: 1 week ago

Question

★★★★★

Write and explain an algorithm through python code to generate prime numbers.

Answered: 1 week ago

Previous Question Next Question