A company has sales of 1500000 sales discounts of 102000

Assignment Help Accounting Basics
Reference no: EM13597915

A company has sales of $1,500,000, sales discounts of $102,000, sales returns and allowances of $123,000, shipping charges of $15,000, sales commissions of $34,000,net income totaled $263,500, and cost of goods sold of $420,000. What is the gross profit/margin for the period?

Reference no: EM13597915

Questions Cloud

Klumper corporation is a diversified manufacturer of : klumper corporation is a diversified manufacturer of industrial goods. the companys activity-based costing system
Stamper manufacturing cos management is considering a : a cost analyst for stamper manufacturing co. has assembled the following data about the model 24 stamp pad the piece
Anita has decided to sell her stock in tom inc she : anita has decided to sell her stock in tom inc. she purchased the stock 5 years ago for 1000. the current fair market
Lordans lakeside is a popular restaurant located on lake : lordans lakeside is a popular restaurant located on lake washington in seattle. the owner of the restaurant has been
A company has sales of 1500000 sales discounts of 102000 : a company has sales of 1500000 sales discounts of 102000 sales returns and allowances of 123000 shipping charges of
Gore corporation has two divisions the business products : gore corporation has two divisions the business products division and the export products division. the business
Compute the incremental cash flows of the investment for : the best manufacturing company is considering a new investment. financial projections for the investment are tabulated
Richards company uses the allowance method of accounting : richards company uses the allowance method of accounting for bad debts. the following summary schedule was prepared
Have the treasury stock transactions increased corporate : contributed capitalpreferred stock par 20 authorized 10000 shares. ? issued of which500 shares are held as treasury

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd