Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 15, 2024

United Services and Supplies reports net income of $88000 and cost of goods sold of $335000. If US&Ss gross profit rate was 35%, net sales

United Services and Supplies reports net income of $88000 and cost of goods sold of $335000. If US&Ss gross profit rate was 35%, net sales were

a $957143 b. $798143 c. $515385 d. $1045143

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

Sovereign Debt Crisis The New Normal And The Newly Poor

Authors: D. Chorafas

1st Edition

0230298400, 9780230298408

More Books

Students also viewed these Accounting questions

Question

★★★★★

Users are interested in an entity's future profitability, asset efficiency, liquidity and capital structure. Describe the ratios that would be of interest to users and the purpose of computing these...

Answered: 1 week ago

Question

★★★★★

For the following exercises, solve the equations below and express the answer using set notation. |6 x|= 5

Answered: 1 week ago

Question

★★★★★

The time T required to repair a machine is an exponentially distributed random variable with mean 1 2 (hours). (a) What is the probability that a repair time exceeds 1 2 hour? (b) What is the...

Answered: 1 week ago

Question

★★★★★

New Deli is in the process of closing its operations. It sold its three-year-old ovens to Sicily Pizza for $ 341,000. The ovens originally cost $ 455,000 and had an estimated service life of 10 years...

Answered: 1 week ago

Question

★★★★★

Western Electric has 3 0 , 0 0 0 shares of common stock outstanding at a price per share of $ 7 5 and a rate of return of 1 3 . 2 0 percent. The firm has 7 , 1 0 0 shares of 7 . 4 0 percent preferred...

Answered: 1 week ago

Question

★★★★★

Global Corp. expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables forecast the following. a. Costs e. Accounts receivable b. Depreciation...

Answered: 1 week ago

Question

★★★★★

Is Your Process Documentation a Mess? Below is an excellent video on the pitfalls of process documentation messes: https://www.youtube.com/watch?v=L5co8_S9BeU What are your thoughts?

Answered: 1 week ago

Question

★★★★★

Operation Research Problem: The Ohio water company is getting ready for the hotter months, which make it harder to obtain water. They have two water sources: some of it comes from their own aquifer,...

Answered: 1 week ago

Question

★★★★★

Suggest a standard venue and a unique venue option for each of the events listed below. The advantages and challenges associated with each venue. -Corporate Management Retreat Charity Fundraising...

Answered: 1 week ago

Question

★★★★★

Suman Corporation In mid-April, Mike Bradie, vice president of supply chain management at Suman Corporation (Suman), had become increasingly concerned about the potential shortage of supply of barac,...

Answered: 1 week ago

Question

★★★★★

Briefly describe the main purpose of normalization in database design. (3 marks) (6 marks) (b) Describe the rules of one normal form (INF), 2 NF and 3 NF. (c) You work as an administrator in UCSI Pet...

Answered: 1 week ago

Question

★★★★★

Scandinavian and North American cultures have very similar cultural contexts, and yet H&M clearly failed to account for cross-cultural communications in their hoodie campaign for the United States....

Answered: 1 week ago

Question

★★★★★

To what extent has digital technology influenced the way Oprah communicates and interacts with her audience?

Answered: 1 week ago

Question

★★★★★

Describe the barriers in the H&M case that led to this failure to communicate.

Answered: 1 week ago

Previous Question Next Question