Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 31, 2024

Olivera, Inc. provides the following data for 2017: The gross profit as a percentage of net sales is ________. (Round your answer to two decimal

Olivera, Inc. provides the following data for 2017:

The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)

Sales Revenue $627,000

Sales Returns 24,000

Sales Discount 7,000

Net Sales Revenue $596,000

COGS 370,000

36.04%

37.92%

62.08%

39.09%

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

Health Auditing As A Tool For Quality Care Case Studies

Authors: Camila Freire

1st Edition

6206344169, 978-6206344162

More Books

Students also viewed these Accounting questions

Question

★★★★★

How do the customer and contractor know if each one completely understands the statement of work, the work breakdown structure, and the program plan?

Answered: 1 week ago

Question

★★★★★

The contribution margin income statement of Delectable Donuts for August 2014 follows: Delectable sells four dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $...

Answered: 1 week ago

Question

★★★★★

=+ (a) Show that P(U"_[X ,, = j i.o.]) =0 for all i.

Answered: 1 week ago

Question

★★★★★

Bank Management Printers Inc. produces luxury chequebooks with three cheques and stubs per page. Each chequebook is designed for an individual customer and is ordered through the customers bank. The...

Answered: 1 week ago

Question

★★★★★

Explain the concept of encapsulation by using the structure of the OSI Reference Model

Answered: 1 week ago

Question

★★★★★

Create a library contains the 4 main arithmetic operations and use them in the main function. Can you please send the solution and how you did it? I'd appriciate that thanks

Answered: 1 week ago

Question

★★★★★

The chief audit executive (CAF) determined that the residual risk identified in an assurance engagement is acceptable. When should this be communicated to senior management? A. When the CAE reports...

Answered: 1 week ago

Question

★★★★★

Parts a, b, c and d of this question are independent of one another. a) firm A wants to acquire firm B to achieve economies of scale. Does this motive make economic sense? Answer in terms of YES or...

Answered: 1 week ago

Question

★★★★★

A software company wants to improve its customer experience scores by 3% over the next 30 days. A data professional works to achieve this objective by understanding current scores and how far away...

Answered: 1 week ago

Question

★★★★★

ABC Insurance Company has a branch office, which consists of a branch manager and 5 clerical assistants. The branch manager reports to a division manager. The branch office has its own bank account...

Answered: 1 week ago

Question

★★★★★

A large tank of fish from a hatchery is being delivered to a lake. The hatchery claims that the mean length of fish in the tank is 15 inches, and the standard deviation is6inches. A random sample...

Answered: 1 week ago

Question

★★★★★

4. Evaluate and employ strategies for managing conflict in different situations

Answered: 1 week ago

Question

★★★★★

5. This week, if you have a disagreement with a friend, roommate, romantic partner, family member, or boss, identify one change you could make to manage and resolve the conflict more productively....

Answered: 1 week ago

Question

★★★★★

5. Recognize your ability to repair and let go of painful conflict

Answered: 1 week ago

Previous Question Next Question