Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 23, 2024

X Your answer is incorrect. A company shows the following balances: $2451000 401000 Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold

X Your answer is incorrect. A company shows the following balances: $2451000 401000 Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold 50000 1420000 What is the gross profit rate? ET 71.0% 43.0% 29.0% 55.0%

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

Management Accounting

Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Susan Wolcott

2nd Edition

1742166148, 978-1742166148

More Books

Students also viewed these Accounting questions

Question

★★★★★

Prove that the Laplace Expansion Theorem holds for column expansion along the jth column.

Answered: 1 week ago

Question

★★★★★

Who determines the done rules?

Answered: 1 week ago

Question

★★★★★

=+Recently the company selected a random basketball from its production line at four different time periods over its normal production day. The results were recorded and listed in the following...

Answered: 1 week ago

Question

★★★★★

In auditing the Train Company, you obtain directly from the bank Trains bank statement, canceled checks, and other memoranda which relate to the companys bank account for December 2007. In...

Answered: 1 week ago

Question

★★★★★

In C++, create a main.cpp file from the code below that includes the following classes and instantiates them. The main class should not create any custom data types. The main class should create an...

Answered: 1 week ago

Question

★★★★★

Public Law 86-272 is part of a statute that was enacted mainly to regulate state income taxation of interstate commerce - and applies to both tangible personal property sales, as well as the sale of...

Answered: 1 week ago

Question

★★★★★

Excel caculation on cascade mental health clinic

Answered: 1 week ago

Question

★★★★★

Linear Approximation and Differentials: (1 point) Estimate Af using the Linear Approximation and use a calculator to compute both the e f(x) = 3+x. Af a = 1. Ax=1 With these calculations, we have...

Answered: 1 week ago

Question

★★★★★

A business should invest in information security to protect their sensitive data, and maintain customer trust, and also because of information security the business avoids financial losses due to...

Answered: 1 week ago

Question

★★★★★

The system shown in Fig. 2.2 consists of a rope of initial length L under tension T and subjected to a transverse force f(x) (Figure 2.2). T w(x) T L f(x) Figure 2.2 Assuming that the deflection w(x)...

Answered: 1 week ago

Question

★★★★★

Create a process flowchart for any process that you complete either at work or in your personal life explaining your flowchart and your thinking. Any issues you found? Areas for change? Also, include...

Answered: 1 week ago

Question

★★★★★

Describe the major barriers to the use of positive reinforcement.

Answered: 1 week ago

Question

★★★★★

Create awareness of the strong need people have for encouragement and positive feedback.

Answered: 1 week ago

Question

★★★★★

2. All of the managers working for Danny Meyer are encouraged to hire employees that display natural warmth, optimism, empathy, a strong work ethic, and integrity. What interview methods would help a...

Answered: 1 week ago

Previous Question Next Question