What situation might explain why a companys gross profit percentage went down from 60% to 40% from

Question:

What situation might explain why a company’s gross profit percentage went down from 60% to 40% from one year to the next?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

See More Books

Question Posted: Apr 29, 2014 02:46 AM

See More Questions

Explain why a company must have highly effective internal controls over cash.
Explain why a company should use all potential sources of secondary data before instituting primary data collection procedures.
Explain why a company being of comparable size to competitors would favor its holding a cooperative stance.
On January 1, 2018, Rastall Co. signed a long-term finance lease for an office building. The terms of the lease required Rastall to pay $30,000 annually, beginning December 31, 2018, and continuing...
A math class has 20 students. In a quiz worth 10 points, 4 students get 6, 7 students get 7, 5 students get 8, 3 students get 9, and 1 student gets 10. The average of a step function computed with...
The balance factor of an internal node v of a binary tree is the difference between the heights of the right and left subtrees of v. Show how to specialize the Euler tour traversal to print the...
8. If growth from gaining market share through product promotion and pricing rarely creates much value, why domost consumer goods companies put so much effort into it?
The Huntington High School basketball team has five players named Art, Bob, Cal, Dan, and Eli. Accept the number of points scored by each player in a game and create a bar chart that illustrates the...
Li Wei is single and graduated from Baruch College last year with an MBA. He landed a job with a large investment bank and earned $81,000 in his first year including bonus. He also donated $3200 to...
Daniel has no family to inherit his 80% capital and profits interest in the CD Partnership. To ensure the continuation of the business, he gives a 20% capital and profits interest in the partnership...
What does the term free on board mean? Why is this an important term to understand if you are involved in making decisions about the purchasing of inventory or the setting of prices for your products?
The following characteristics are related to either periodic inventory or perpetual inventory systems. a. A physical count of goods on hand at year end is required. b. Inventory records are...
Presented below is information related to Gonzales Corporation for the month of January 2020. Instructions Prepare the necessary closing entries. Cost of goods sold Delivery expense Insurance expense...
Over the past 40 years, union membership has declined, and it continues to do so. Instead, many companies are turning to alternative dispute resolution. We know one of the best union avoidance...
Article "A Leader's Journey" by Pamela Kruger Photographs by Nigel Dickson. For this discussion, let's try and unpack the key factors that led to his transformation. 1. What are your key takeaways...
Describe the collaborative roles of the team leader and the team coach in helping a group of people come together to form a team. Recommend strategies for Alex as team leader to use in helping to...
a. Complete the table with all marginal totals and cell counts. b. Calculate the following probabilities. i. For a male to be a Republican. ii. For a voter to be female. iii. For a voter to be either...
1. Will the Coronavirus Pandemic Make Working from Home the New Normal?" Address the following below. Define the problem described in this case. What are the management, organization, and technology...
What is a cut-off bank reconciliation?
From a medical tourist perspective, compare Shouldice with the traditional hospital in terms of the key factors of competition. Using Table 15-3, why would Shouldice attract patients from outside the...
In your groups, choose two cultures with which you are familiar. What are some variables that would make it potentially difficult for successful strategic implementation?
Assume you are purchasing an investment and decide to invest in a company in the home remodeling business. You narrow the choice to Hudson, Inc., or Madison, Corp. You assemble the following selected...
Net sales, net income, and total assets for Versacheki Construction, Inc., for a four-year period are: Requirements 1. Compute trend percentages for each item for 2013 through 2016. Use 2013 as the...
Chelsey's Auto Sales asked for your help in comparing the company's profit performance and financial position with the average for the auto sales industry. The owner has given you the company's...
crane Inc. common chairs currently sell for $30 each. The firms management believes that it's share should really sell for $54 each. If the firm just paid an annual dividend of two dollars per share...
Determine the simple interest earned on $10,000 after 10 years if the APR is 15%
give me an example of 10 transactions from daily routine that we buy and put for me Liabilities + Owners' Equity + Revenues - Expenses

What situation might explain why a companys gross profit percentage went down from 60% to 40% from

Question:

Step by Step Answer:

Several factors could account for the shrinking differenc...View the full answer

Financial Accounting

Students also viewed these Accounting questions