What is kelly corp net profit margin

Assignment Help Accounting Basics
Reference no: EM131806896

Problem - Kelly Corp.'s Data

2012 2011

Sales $180,000 $200,000

Cost of Goods Sold 80,000 100,000

Net Income 36,000 40,000

Accounts Receivable,

December 31 8,000 16,000

Inventory,

December 31 40,000 20,000

Suppose that 37.5% of Kelly Corp.'s total sales are cash sales. What is Kelly Corp.'s net profit margin for 2012?

Reference no: EM131806896

Questions Cloud

What is the eoq without the discount : Wang Distributors has an annual demand for an airport metal detector of 1,360 units. What is the EOQ without the discount?
Basis of an internal rate of return analysis : A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value
What was campbell corporation gross margin : The income tax rate is 35%. What was Campbell Corporation's gross margin as a percentage of sales
How does the author conclude the essay : How does the author support his argument? How does the author conclude the essay (e.g., with directions to the reader or a final impression)?
What is kelly corp net profit margin : Suppose that 37.5% of Kelly Corp.'s total sales are cash sales. What is Kelly Corp.'s net profit margin for 2012
Minimum attractive rate of return on investment : If the owner wants a minimum attractive rate of return on his investment of 6%, which of the two alternatives would you recommend?
Discuss the treatment and disposition of waste material : Trained as a mining engineer, David has developed considerable expertise in the treatment and disposition of waste material
Why should performance reviews and pay reviews : Why should performance reviews and pay reviews be done separately? What is the difference between a baseline gantt chart and a tracking gantt chart.
Prepare the correcting entries at december 31 : Prepare the correcting entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following monthly data are available for redex which

the following monthly data are available for redex which produces only one product that it sells for 84 each. its unit

  Write down inventory and show lower income for january

The Zenith Company sells tablet computers for outdoor use that are waterproof, Write down inventory and show lower income for January

  Prepare the partners capital statement for the year

Net income was $30,000, and the partners share income equally.

  Prepare journal entries to account for the loyalty points

Prepare journal entries (without narrations) to account for the redemption of the loyalty points and the cost of good exchanged for the years ended 31 December 2014, 31st December 2015 and 31 December 2016

  Family supermarkets currently uses a single-driver system

family supermarkets has decided to increase the size of its lansing store. it wants information about the profitability

  Prepare a multiple-step income statement

Prepare a multiple-step income statement and an owner's equity statement for January and a classified balance sheet at the end of January. Prepare and post the adjusting and closing entries

  Tax return and total income

Richard was required to pay Alice $1,500 per month of which $600 was designated as child support. He made 12 such payments in 2009. Assuming that Alice has no other income, her tax return for 2009 should show gross income of:

  Discuss the objectives with your team

ACC 300- Discuss this week's objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

  Louis files as a single taxpayer in april of this year he

louis files as a single taxpayer. in april of this year he received a 900 refund of state income taxes that he paid

  Employer payroll tax expense

Which of these is not included in an employer's payroll tax expense?

  Illustrate the situation graphically

Illustrate the situation graphically. If the portfolio's value after 4 years is $291,437 what should you do?

  Problem regarding the interest receivable

On June 1, 2014, MicroTel Enterprises lends $60,000 to MaxiDriver Inc. The loan will be repaid in 60 days with interest at 10%.

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