Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 14, 2023

If a company has net sales of $714000 and cost of goods sold of $456960, the gross profit percentage is

Step by Step Solution

★★★★★

3.56 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the gross profit percentage you can use ... blur-text-image

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: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay

7th edition

132928930, 978-0132928939

More Books

Students also viewed these Accounting questions

Question

How can Money Laundering take place without a financial institution? Explain

Answered: 1 week ago

Question

★★★★★

Write a C function program to find out the n th terms, , and sum, , of Arithmetic Progression (A.P) series. Let the first term be a, number of items, n and the common diference, d of A.P. Then call...

Answered: 1 week ago

Question

★★★★★

From your results in Prob. 1732, show that to meet a fatigue factor of safety n1 the optimal solution is

Answered: 1 week ago

Question

★★★★★

Assume that investment spending depends only on the interest rate and no longer depends on output. Given this information, a decrease in money supply: a. will cause investment to increase. b. may...

Answered: 1 week ago

Question

★★★★★

In Example 12.8 a case is made for eliminating x\, powder temperature, from the model since the P-value based on the F-test is 0.2154 while P-values for x2 and x3 are near zero. (a) Reduce the model...

Answered: 1 week ago

Question

★★★★★

"My company does a great job of recruiting college graduates. But lately I've noticed that my best performers don't stick around as long as I'd like. 1 know that they are frustrated by a lack of...

Answered: 1 week ago

Question

★★★★★

If for three independent events A, B, and C of a sample space, we know that P(AB) = 0.3, P(AC) = 0.48, P(BC) = 0.1, find the probability of the event A B C.

Answered: 1 week ago

Question

★★★★★

Alpha issues a negotiable check to Beta payable to the order of Beta in payment of an obligation Alpha owed Beta. Beta delivers the check to Gamma without indorsing it in exchange for one hundred...

Answered: 1 week ago

Question

★★★★★

1 . What is the value of a life interest in property valued for the current month, when the current value of the entire property is $ 2 2 . 0 million, and life tenant currently is exactly 4 4 years...

Answered: 1 week ago

Question

★★★★★

Data Tilsley Ltd manufactures motor vehicle components. It is considering introducing a new product. Helen Foster, the production director, has already prepared the following projections for this...

Answered: 1 week ago

Question

★★★★★

ProfitabilityRatios East Point Retail, Inc., sells professional women's apparel through company-owned retail stores. Recent financial information for East Point is provided below (all numbers in...

Answered: 1 week ago

Question

★★★★★

Repeat Problem 92 for a diverging mirror. Comment on any similarities or differences with the two types of mirrors. Data from Problem 92 A converging mirror has a focal length of \(300...

Answered: 1 week ago

Question

★★★★★

A compound microscope consists of two converging lenses, the objective lens and the eyepiece lens, positioned on a common optical axis (Figure 33.47). The objective lens is positioned to form a real,...

Answered: 1 week ago

Question

★★★★★

An object that has a small aperture is placed between a light source and a screen, as shown in Figure 33.4. Which parts of the screen are in the shadow? Data from Figure 33.4 object screen (edge on)...

Answered: 1 week ago

Question

★★★★★

Two balls of identical size (ball 1 made up of nylon and ball 2 made up of rubber) were rubbed against each other so that they carry a uniformly distributed charge of magnitude $0.25 \mathrm{nC}$....

Answered: 1 week ago

Question

★★★★★

PH Ltd. furnishes the following information relating to budgeted sales and actual sales for April. Calculate the following variances: (1) Sales quantity variance, (2) Sales mix variance, (3) Sales...

Answered: 1 week ago

Question

★★★★★

4 . what is the fully qualified domain name ( fqdn ) of this host now that it is joined to the active directory network

Answered: 1 week ago

Question

★★★★★

Sheldon and Leonard had a million-dollar idea. In order to make it happen, they have to do special research first. Only Kripke can help them in this matter. But Kripke is known to be the first-class...

Answered: 1 week ago

Question

★★★★★

Your assistant is preparing consolidated financial statements at December 31, 20X5, for your company and has come to you with the following issues: 1. SubOne Ltd., a 70%-owned subsidiary, sold land...

Answered: 1 week ago

Question

★★★★★

What is the reporting option available to private enterprises for the goodwill impairment test?

Answered: 1 week ago

Question

★★★★★

On January 1, 19X9, Apache Company purchased 80% of the outstanding voting shares of Navaho Company for $300,000. Navahos assets and liabilities all had fair values that were equal to their carrying...

Answered: 1 week ago

Question

★★★★★

Suppose that you run a regression to determine whether gender or race has any significant impact on scores on a test of the economic understanding of children.11 You model the score of the ith...

Answered: 1 week ago

Question

★★★★★

Write the meaning of each of the following terms without referring to the book (or your notes), and compare your definition with the version in the text for each: a. expected bias b. irrelevant...

Answered: 1 week ago

Question

★★★★★

Youve been hired by Indo, the new Indonesian automobile manufacturer, to build a model of U.S. car prices in order to help the company undercut U.S. prices. Allowing Friedmaniac zeal to overwhelm any...

Answered: 1 week ago

Previous Question Next Question