Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 22, 2024

please please need help Question 16 (3 points) If profit is $62,000 and profit percentage is 8.2%, what are net sales? $556,357.14 $756,097.56 $508,400.00 $694,400.25

please please need help

Question 16 (3 points) If profit is $62,000 and profit percentage is 8.2%, what are net sales? $556,357.14 $756,097.56 $508,400.00 $694,400.25

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

Fundamental Managerial Accounting Concepts

Authors: Edmonds, Tsay, olds

6th Edition

71220720, 78110890, 9780071220729, 978-0078110894

More Books

Students also viewed these Accounting questions

Question

★★★★★

Refer to Epic Sports Data Set. 1. Calculate each division's ROI. 2. Top management has extra funds to invest. Which division will most likely receive those funds? Why? 3. Can you explain why one...

Answered: 1 week ago

Question

★★★★★

Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool Co.) on January 1, 2010. The annual reporting period ends December 31. The trial balance on January 1, 2014,...

Answered: 1 week ago

Question

★★★★★

1.An FI has purchased options on bonds with a notional value of $500 million and has sold options on bonds with a notional value of $400 million. The purchased options have a delta of 0.25 and the...

Answered: 1 week ago

Question

★★★★★

Aerospace Dynamics will invest $110,000 in a project that will produce the following cash flows. The cost of capital is 11 percent. Should the project be undertaken? YearCash Flow 1 .........$36,000...

Answered: 1 week ago

Question

★★★★★

answer this problem Lou's Garage performed repairs to a customer's car. The repairs came to $1,950 plus 13% HST. If terms are 2/15, 1/30, how much must the customer pay if paying in 11 days? (Show...

Answered: 1 week ago

Question

★★★★★

What is the total cash received from the financing of receivables and the amount of loss, respectively? * On January 31, 2019, YZ Company engaged in the following transactions: Obtained a P500,000,...

Answered: 1 week ago

Question

★★★★★

The hydraulic cylinder CF, which partially controls the position of rod DE, has been locked in the position shown. Member BD is 15 mm thick and is connected at C to the vertical rod by a...

Answered: 1 week ago

Question

★★★★★

Help! At May 31, 2022, the accounts of Oriole Company show the following. 1. May 1 inventories-finished goods $13,830, work in process $16,110, and raw materials $8,960. 2. May 31...

Answered: 1 week ago

Question

★★★★★

Wall Inc. forecasts that it will have the free cash flows (in millions) shown below. If the weighted average cost of capital is 14% and the free cash flows are expected to continue growing at the...

Answered: 1 week ago

Question

★★★★★

At January 1, 2024, Caf Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease agreement specifies annual payments of $27,000 beginning January 1,...

Answered: 1 week ago

Question

★★★★★

Besides being intelligible, another reason to fluctuate your volume during your speech is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . Group of answer choices so audience members in the back can hear...

Answered: 1 week ago

Previous Question Next Question