What is the gross profit and gross profit margin percentage

Assignment Help Accounting Basics
Reference no: EM132909798

Question - If net sales is $513,000 and cost of goods sold is $179,550, what is the gross profit and gross profit margin percentage?

Reference no: EM132909798

Questions Cloud

Research the purposes of snomed : Research the purposes and uses of these four classification systems (ICD-9-CM, ICD-10-CM, ICD-11 and Snomed). Be sure to include Snomed's relationship/use
What will be the after-tax proceeds on the sale : If the sewing machine is sold after 2 years for $36,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%
What are the state infant and maternal mortality rates : Access to maternal health resources such as contraceptive care including abortion for women with and without health insurance coverage.
What will happen to the break-even point for the company : If the sales mix shifts toward Product F73A with no change in total sales, what will happen to the break-even point for the company
What is the gross profit and gross profit margin percentage : Question - If net sales is $513,000 and cost of goods sold is $179,550, what is the gross profit and gross profit margin percentage
What are the prime costs for the year : The following information pertains to Fry Enterprises: Cost of goods manufactured $450,000. What are the prime costs for the year
Calculate fanta minimum net income : Calculate Fanta's minimum net income for tax purposes for 2020,. Identify items that have been omitted in your calculations
Different temperature requirements : Decide the specifications that each team member will use. Remember, each of you should have different temperature requirements.
What should Dagupan report as notes receivable : Dagupan Company sold an equipment in exchange for a noninterest bearing note requiring five annual payments of P500,000. What should Dagupan report as notes

Reviews

Write a Review

Accounting Basics Questions & Answers

  Alatorre purchased a patent from vania co for 1709300 on

alatorre purchased a patent from vania co. for 1709300 on january 1 2012. the patent is being amortized over its

  The acquisitions took place as shown below

Assuming a 40% tax rate, compute the earnings per share data that should appear on the financial statements of Bailey Industries as of December 31, 2010. Assume that the expropriation is extraordinary.

  Mcdougal is a good friend of krunch the owner of a local

express versus implied contracts. suppose that a local businessperson mcdougal is a good friend of krunch the owner of

  What can you say about the companys short-term liquidity

What can you say about the company's short-term liquidity? How is the company performing compared to the industry?

  Calculate the effect on the company expected profits

Calculate the effect on the company's expected profits for the current year, and calculate the new break-even point.

  Why is depreciation expense not reported in the cash flows

In the direct method, why is depreciation expense not reported in the cash flows from operating activities section.

  What is the amount of retirement savings contribution credit

Determine What is the amount of his retirement savings contribution credit? He contributed $5,500 to is ROTH IRA during the year.

  Prepare a schedule that discloses the individual costs

Prepare a schedule that discloses the individual costs that should be capitalized in the office building account as of September 30, 2012.

  How should nancy corporation account

Eddie Corporation forfeits its payment and is entitled to no further consideration. How should Nancy Corporation account for the $100,000 forfeited payment?

  Provide the journal entries required for dec

Provide the journal entries required for Dec 15, 2019, and any entries required in 2020. Label the date of each entry, and be sure to clearly identify

  Determine the selling prices of products Alpha and Beta

Determine the selling prices of products Alpha and Beta such that the contribution per direct labour hour is the same for both the products

  Prepare a cost of goods manufactured schedule

AC556 Problem - Proforma Statements. Prepare a cost of goods manufactured schedule, a proforma income statement and proforma balance sheet

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