Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 16, 2024

If cost of sales is $100,000 and the gross profit is 20% of sales, what are the sales? Select one: a. $20,000 b. $120,000 c.

If cost of sales is $100,000 and the gross profit is 20% of sales, what are the sales?

Select one:

a. $20,000

b. $120,000

c. $125,000

d. $150,000

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

An Audit Of The Case Study Method

Authors: Michael Masoner

1st Edition

027592761X, 978-0275927615

More Books

Students also viewed these Accounting questions

Question

★★★★★

How might each of the following affect the distribution of income in the near term? a. There is a massive influx of low-skilled immigrants. b. A new baby boom occurs. c. The new baby boomers enter...

Answered: 1 week ago

Question

★★★★★

Which variables could you change if you wanted to reduce inventory costs in your organization? Which ones would you prefer to change? Why?

Answered: 1 week ago

Question

★★★★★

39. A chemical supply company currently has in stock 100 lb of a certain chemical, which it sells to customers in 5-lb lots. Let X the number of lots ordered by a randomly chosen customer, and...

Answered: 1 week ago

Question

★★★★★

Whirly Corporations most recent income statement is shown below: Required: Prepare a new contribution format income statement under each of the following conditions (consider each case...

Answered: 1 week ago

Question

★★★★★

If cost of sales is $100,000 and the gross profit is 20% of sales, what are the sales? Select one: a. $20,000 b. $120,000 c. $125,000 d. $150,000

Answered: 1 week ago

Question

★★★★★

Think back on your experiences as a consumer. Identify a product or products that you buy frequently and what initially made you a consumer of that product. i.e marketing, competitive pricing, etc.

Answered: 1 week ago

Question

★★★★★

Question: In Java, what is the significance of using the synchronized keyword in method declarations? A) It ensures that a method can only be accessed by one thread at a time, preventing simultaneous...

Answered: 1 week ago

Question

★★★★★

Question: What is the effect of using the volatile keyword in Java with respect to variables? A) It ensures that changes to a variable are immediately visible to all threads, preventing caching of...

Answered: 1 week ago

Question

★★★★★

Question: What does the transient keyword in Java do when applied to a variable? A) It indicates that the variable should not be serialized during the serialization process. B) It prevents the...

Answered: 1 week ago

Question

★★★★★

Question: How does the instanceof operator in Java determine if an object is an instance of a specific class or interface? A) It checks whether the object belongs to the specified class or implements...

Answered: 1 week ago

Question

★★★★★

Question: What will be the result of executing the following Java code if an object of a class implementing Runnable is passed to a Thread constructor and the start() method is called? A) The run()...

Answered: 1 week ago

Question

★★★★★

Foreign investors. These often bring fixed ideas about HRM in terms of organizational culture, management philosophy and practice.

Answered: 1 week ago

Question

★★★★★

3 How would the situation be different if Volkswagen were to establish a joint venture with a Russian company? What people management principles and practices should be put in place?

Answered: 1 week ago

Question

★★★★★

Strained labourmanagement relations that are deep-rooted. Long-term benefits, they believe, can be obtained through appropriate employee training on company survival, and both managers and employees...

Answered: 1 week ago

Previous Question Next Question