Compute the gross profit percentage gross profit dividedby

Reference no: EM13614580

During the current year, merchandise is sold for$2,850,750. The cost of the merchandise sold is$1,995,525.

a. What is the amount of the gross profit?

b. Compute the gross profit percentage (gross profit dividedby sales Will the income statement necessarily report a netincome? Explain

Reference no: EM13614580

Questions Cloud

It is also known that 70 of those students who have been : you are applying for graduate school at university a. in the past 42 of the applicants to this university have been

Tyler kirsch has recently been hired as the manager of : tyler kirsch has recently been hired as the manager of darkcanyon coffee. dark canyon coffee is a national chain

Determine the amount to be paid in full settlement of each : determine the amount to be paid in full settlement ofeach of the following invoices assuming that credit for returnsand

On august 31 2008 the balances of the accounts appearing : on august 31 2008 the balances of the accounts appearing inthe ledger of the bent needle company a furniture wholesaler

Compute the gross profit percentage gross profit dividedby : during the current year merchandise is sold for2850750. the cost of the merchandise sold is1995525.a. what is the

Assume constant specific heats where cwater 4179 kjkg-k : initially an insulated rigid tank contains 15.65 kg of water at 24.16oc and 101 kpa. the tank also contains a 3.12 kg

The company bought and paid for 5000000worth of stationery : please show your calculations for each of the followingproblems ten points will be awarded for each correct answer.1.

Suppose that we want to perform a hypothesis test to decide : hypothesis tests are proposed. for each hypothesis test. a identify the variable bidentify the two populations

Reviews

Write a Review

Required(*) Message

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.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

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

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!

Submit Assignment

User Account

All Pages