Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 26, 2024

given that sales are 1000 000, cost of sales is 15% of sales. Cost of sales is 150 000 and gross profit woulf be 1050

given that sales are 1000 000, cost of sales is 15% of sales. Cost of sales is 150 000 and gross profit woulf be 1050 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

6. Use self- and peer assessment. Give students their task. As they work, stop them occasionally for self- and peer assessment.

Answered: 1 week ago

Question

★★★★★

Recording the Effects of Adjusting Entries and Reporting a Corrected Income Statement and Balance Sheet On December 31, 2011, the bookkeeper for Grillo Company prepared the following income statement...

Answered: 1 week ago

Question

★★★★★

You've collected the following information from your favorite financial website. \ table [ [ 5 2 - Week Price,Stock ( Dividend ) , \ table [ [ Dividend ] , [ Yield % ] ] , \ table [ [ PE ] , [ Ratio...

Answered: 1 week ago

Question

★★★★★

3. What is the new "pass thru" tax deduction? Which entities does it apply to? 4. Do you think that by reducing the corporate tax rate it will help or hurt the United States?

Answered: 1 week ago

Question

★★★★★

Question This Assessment requires students to find an Employment Law Case, and then to provide a report on the case submitted. Please note that I have allowed for freedom of choice i.e., students may...

Answered: 1 week ago

Question

★★★★★

You are replacing the rear lower control arm on a Mitsubishi Pajero and require the torque specifications for the mounting bolts and what condition the vehicle should be in when tightening the bolts....

Answered: 1 week ago

Question

★★★★★

National Motors Corporation is planning to issue bonds with a face value of $256,500 and a coupon rate of 5 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and...

Answered: 1 week ago

Question

★★★★★

=) =) How much will ABC Holdings receives from its exports if it hedges with a forward contract. How much will ABC Corporation pay in domestic currency for its imports if it hedges with a orward...

Answered: 1 week ago

Question

★★★★★

A farmer went to a market and purchased a wolf, a goat, and a cabbage. On his way home, the farmer came to the bank of a river and rented a boat. But crossing the river by boat, the farmer could...

Answered: 1 week ago

Previous Question Next Question