Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 18, 2024

What is the gross margin percentage based on data below? Revenue $197,500 Discounts and $13,850 allowances Cost of goods sold Operating expenses $98,900 $35,000 49%

image text in transcribed

What is the gross margin percentage based on data below? Revenue $197,500 Discounts and $13,850 allowances Cost of goods sold Operating expenses $98,900 $35,000 49% 42.91% 46.15% 27.09% 52.25%

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

Managerial Accounting

Authors: Morse Hartgraves

8th Edition

1618532359, 9781618532350

More Books

Students also viewed these Accounting questions

Question

★★★★★

Roommates.com, LLC ("Roommates") operated a widely used website designed to match people renting out spare rooms with people looking for a place to live. Before subscribers to Roommates could search...

Answered: 1 week ago

Question

★★★★★

What the money has been spent on

Answered: 1 week ago

Question

★★★★★

Was social validation established for the quality of the research from the perspective of its social importance, the social significance of the goals, and the appropriateness of the procedures? Who...

Answered: 1 week ago

Question

★★★★★

Southside Clothiers reported the following items at September 30, 2012 (last years2011amounts also given as needed): Requirement 1. Compute Southsides (a) Acid-test ratio, (b) Days sales in average...

Answered: 1 week ago

Question

★★★★★

to manufacture. Thie Fales

Answered: 1 week ago

Question

★★★★★

The bank has granted an overdaft facility to ABC company for the period. The overdraft amount is 1.500.000. The interest rate is 10% per annum, the overdraft commision is 1% and paid in advanve. It...

Answered: 1 week ago

Question

★★★★★

The lesson begins by saying how work conflict is different than personal conflict. Why do you think conflict at work is often more difficult to resolve? Have you ever had a conflict with someone at...

Answered: 1 week ago

Question

★★★★★

6. Maintaining inventory accuracy must be an integral part of the attitude of the organization. They must be detected so inventory accuracy is maintained. 8 points in total a) What are the two basic...

Answered: 1 week ago

Question

★★★★★

Derek was the director of the Southside Athletic Ciub when the COVID-19 pandemic hit. At the time the club had approximately Boo dues-paying members, The state ordered the club shut down, and the...

Answered: 1 week ago

Question

★★★★★

Select an existing organization preferably, a manufacturer, and develop improvement plan of operations keeping in view the following steps. 1. Do process mapping (time functions mapping and value...

Answered: 1 week ago

Question

★★★★★

Jim Cash sat in a seat six rows behind the dugout at a Maine Bears baseball game. Between the third and fourth innings, Sluggerr, the team mascot, performed the "Hot Dog Launch," a promotional event...

Answered: 1 week ago

Question

★★★★★

How is the labormanagement relationship at Kaiser Permanente different from some more traditional labormanagement relationships? Why do you think that is?

Answered: 1 week ago

Question

★★★★★

If you were an employee at Boeing in South Carolina, would you have voted for or against the union? Explain.

Answered: 1 week ago

Question

★★★★★

Assume you are the general manager of a small seafood company. Most training is unstructured and occurs on the job. Currently, senior fish cleaners are responsible for company has been profitable,...

Answered: 1 week ago

Previous Question Next Question