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Presented below is information for Bramble Corp. for the month of January 2022. Cost of goods sold $ 230,808 Rent expense $ 33,000 Freight-out 6,000
Presented below is information for Bramble Corp. for the month of January 2022. Cost of goods sold $ 230,808 Rent expense $ 33,000 Freight-out 6,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 20,000 Salaries and wages expense 57,000 Sales revenue 382,000 Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate enter the gross profit rate in percentages rounded to 2 decimal places
Presented below is information for Bramble Corp. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $ 230,808 6,000 12,000 57.000 Rent expense Sales discounts Sales returns and allowances Sales revenue $33,000 8,000 20,000 382.000 Presented below is information for Bramble Corp. for the month of January 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense $ 230,808 6,000 12,000 57.000 Rent expense Sales discounts Sales returns and allowances Sales revenue $33,000 8,000 20,000 382.000 Your answer is incorrect Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.) Gross profit rate % e Textbook and Media
Cost of goods sold $ 230,808 Rent expense $ 33,000
Freight-out 6,000 Sales discounts 8,000
Insurance expense 12,000 Sales returns and allowances 20,000
Salaries and wages expense 57,000
Sales revenue
382,000
Compute the gross profit rate. (Round answer to 2 decimal places, e.g. 25.20%.)
Gross profit rate
enter the gross profit rate in percentages rounded to 2 decimal places
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