How much is mahone net sales

Assignment Help Accounting Basics
Reference no: EM132771367

Question - Alexander Mahone had total Cost of Goods Sold amounting to P21,601.65. He had a gross profit rate of 65%. Selling expenses are 15% of Net Sales. G&A expenses amounted to P15,477.15.

1. How much is Mahone's Net Sales?

2. How much are Mahone's Operating Expenses?

3. How much is Mahone's Net Income/(Loss)?

Reference no: EM132771367

Questions Cloud

How much payment is necessary : For tax purposes, no further payments will be made after three years. How much payment is necessary if the money is worth 14% per annum
Positive presumptive test for mycobacterium tuberculosis : The acid fast stain of a specimen shows the presence of pink rods, giving a positive presumptive test for Mycobacterium tuberculosis. However, when the immunofl
Calculate deacon ltd share of profit after tax for the year : Calculate Deacon Ltd share of profit after tax for the year ended 30 June 2020 in relation to its investment in Clement Ltd. Deacon Ltd does not prepare.
Adopt for improving communication : Discuss a tool or strategy a leader can adopt for improving communication within the organization.
How much is mahone net sales : Alexander Mahone had total Cost of Goods Sold amounting to P21,601.65. He had a gross profit rate of 65%. How much is Mahone Net Sales
Discuss the impact of possible economic : Health services continue to affect the gross domestic product, and this dramatic transformation has great demands on each dollar spent to deliver patient.
Prepare the necessary journal entries in deacon ltd : Deacon Ltd owns 30%, Prepare the necessary journal entries in Deacon Ltd on the receipts of dividend and the share of profit or loss of its associate.
Management strategy used to retain or increase cash : Discuss a management strategy used to retain or increase cash.
Evaluate the value of assigning appropriate brand identities : Evaluate the value of assigning appropriate brand identities to represent health care goods, services, and institutions. Provide support for your rationale.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Catlet co uses a periodic inventory system its records show

catlet co. uses a periodic inventory system. its records show the following for the month of may in which 65 units were

  An asset costs 102000 and has an expected life of 20 years

an asset costs 102000 and has an expected life of 20 years at which time it will have ascrap value of 16000. the asset

  If the variable cost per unit increases by 1 spending on

oslo compnay prepared the following contribution income statement based on a sales volume of 100 units the relevant

  The cash records and the bank statement of frankel company

a. linetech companys bank statement showed an endingbalance of 8000. items appearing in the bank reconciliationincluded

  Prepare the adjusting entry to record bad debts

Prepare the adjusting entry to record bad debts under each separate assumption - Bad debts are estimated to be 4% of credit sales

  What is the net present value of expanding the production

X Company is thinking about expanding the production of Product A and eliminating Product B. Expanding sales of A should result in additional firm profits.

  What is the maturity value of the note

Alto and sheldon both use a bankers year to calculate interest. What is the maturity value of the note

  Discuss the cost categories that would be included

Identify and discuss the cost categories that would be included in the cost of the product for ?nancial reporting purposes.

  What is the amount of the factory overhead volume variance?

What is the amount of the factory overhead volume variance?

  New tire retreading equipment acquired at a cost of 140000

new tire retreading equipment acquired at a cost of 140000 at the beginning of a fiscal year has an estimated useful

  Determine the number of days in the discount period

Present the journal entry required to record the discounting of the note on June 30. Determine the number of days in the discount period

  Can you give examples of tax shelters

Can you give examples of tax shelters? Would making arrangements to own an offshore credit card be considered a tax shelter?

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