Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

Sales for ABC Company during 2019 are $785,000. COGS for 2019 were $490,625 and Selling & Administrative expenses were $190,000. The gross margin percentage for

image text in transcribed

Sales for ABC Company during 2019 are $785,000. COGS for 2019 were $490,625 and Selling & Administrative expenses were $190,000. The gross margin percentage for 2019 is: 62.50% 37.50% 13.29% 75.29%

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

Accounting For Managers And Entrepreneurs

Authors: Charles T. Horngren

9th Edition

1323167897, 9781323167892

More Books

Students also viewed these Accounting questions

Question

★★★★★

Suppose each of the following Update operations is applied directly to the database of Figure 3.6. Discuss all integrity constraints violated by each operation, if any, and the different ways of...

Answered: 1 week ago

Question

★★★★★

What do you understand by the following terminology? Conceptual framework Matching (or accruals) Auditing Consistency Generally accepted accounting principles Conservatism True and fair view...

Answered: 1 week ago

Question

★★★★★

What is the difference between deductive and inductive reasoning? What is the value of each?

Answered: 1 week ago

Question

★★★★★

Superheated steam at T1 (C) and 10.0 bar is combined with saturated steam at T2 (C) and 7.0 bar in a ratio (1.96 kg of steam at 10 bar) / (1.0 kg of steam at 7 bar). The product stream is at 250C and...

Answered: 1 week ago

Question

★★★★★

Which of the choices below could be a typical consumer user Internet Connect Speed as of January 2 0 2 4 Question 2 Select one: 1 . 1 2 8 K 2 . 5 Mbps 3 . 7 5 0 MBPS 4 . 6 - 8 Gbps 5 . 1 5 0 Gbps

Answered: 1 week ago

Question

★★★★★

What is the uniform annual payment for 12 years is equivalent to the above payment if the interest rate is 8%? Enter your answer as follow: 123456

Answered: 1 week ago

Question

★★★★★

Explain clearly what is the following pipeline command doing. cat *.log | tee myfile | grep "error" >> errors

Answered: 1 week ago

Question

★★★★★

Tempered glass panels are produced using slow expansion and rapid cooling. A glass panel starts square with a side length of s and thickness of t as shown in the figure. During the tempering process,...

Answered: 1 week ago

Question

★★★★★

20Kg/s of the mass flow rate of water is used in a power cycle. The cycle consists on a isothermal heat exchange in the boiler from saturated liquid to saturated vapor at pressure of 5MPa. The vapor...

Answered: 1 week ago

Question

★★★★★

Dana and Abdulla are leaders. Dana succeeded in managing change that took the organization to a new horizon; she is charismatic, engaged in honest employees' developmental considerations, and...

Answered: 1 week ago

Question

★★★★★

Task: Share an example of a lesson or classroom activity demonstrating meaningful planning for technology integration using the SAMR model. This application will also allow me to assess your current...

Answered: 1 week ago

Question

★★★★★

To what extent will you need to utilise individual quotations as examples of the categories you identify? How will you ensure you can identify, store and retrieve them?

Answered: 1 week ago

Question

★★★★★

Which of the following describe narrative analysis? a An enhanced form of interview technique. b A form of analysis of organisational documents. c An approach to examine how people sequence and...

Answered: 1 week ago

Question

★★★★★

Which of the following would be suitable for content analysis? a Interview transcripts. b Newspaper articles. c Website content. d All of the above.

Answered: 1 week ago

Previous Question Next Question