User Account

All Pages

What is the gross profit margin

Assignment Help Accounting Basics
Reference no: EM132607668

Question - A company shows a following balances: Sales 41,000,000, Sales returns and allowances $ 250,000, cost of goods sold $ 60,00, Operating expenses $75,000. What is the gross profit margin?

a. 60%

b. 80%

c. 40%

d. 20%

Reference no: EM132607668

Questions Cloud

Healthcare marketers select and target particular market : For this discussion, you will examine the healthcare consumer and consider how healthcare marketers select and target a particular market.
Solve for the option price in the one step binomial model : The risk free rate in Canada is 2 percent per annum and the European risk free rate is 1 percent per annum. Solve for the option price in the one step binomial
Determine the estimated sale in units of the overall product : Determine the estimated sales in units of the overall product necessary to realize an operating income of $119,600 for the coming year.
What population is at the most risk for depression : Post your background question and your strategy for getting a comprehensive understanding of the clinical issue. Your background question will lead you to your.
What is the gross profit margin : Sales 41,000,000, Sales returns and allowances $ 250,000, cost of goods sold $ 60,00, Operating expenses $75,000. What is the gross profit margin
What tasks are common to both leadership and management : What tasks are common to both leadership and management. What are the major leadership styles? Which style is optimal to use in which situation?
Which financial statement prepared at end of first year : Which financial statement(s) prepared at the end of the first year would show both the assets and the liability related to this capital lease
What is enterprise risk management : What is Enterprise Risk Management? What are the key factors that contribute to an effective risk management program?
Describe the weaknesses of adaptive leadership : Compare the strengths and weaknesses of adaptive leadership. Including the particular challenges an adaptive leader might encounter in encouraging.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the city''s debt ceiling? what is the city''s credit

What is the city's debt ceiling? What is the city's credit rating? Would you consider purchasing municipal bonds from your city? Why or why not?

  What purchase price would make x company indifferent

X Company has an opportunity to negotiate the purchase price with the supplier. What purchase price would make X Company indifferent between making and buying

  Explain the purpose and content of each of the given reports

Review the Form 10-K for the company selected for team assignments. Explain the purpose and content of each of these reports.

  Under what circumstances would the company report the 2014

What is Counting Crows' comprehensive income for the year ended 2013. What is the ending balance of Retained Earnings? Show calculations. Assume Counting Crows is considering closing a manufacturing plant during 2014. Under what circumstances would t..

  Find the effect on retained earnings

CAP Corporation has reacquired 50,000 of its shares at $13 per share. The effect on retained earnings would be as follows

  What is andretti avoidable cost per unit

What is Andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer

  Determine and analysis the free trip to the destination

Determine and analysis the free trip to the destination, need to budget for your expenses during the 3 days, because want to be able to buy

  Compute the best point estimate of the population mean

Compute the best point estimate of the population mean. What is the best point estimate for the population mean? Explain. What is a point estimate?

  What is the total cost of units completed and transferred

Units completed and transferred out 115,000 units. WIP ending (50% for conversion) 59,200 units. What is the total cost of units completed and transferred out

  How much is the total manufacturing cost

Brendal Corporation is a manufacturer that uses job-order costing. How much is the total manufacturing cost added to Work in Process during the year

  Adjusting entries are required at the end of the period to

adjusting entries are required at the end of the period to ensure that accrual accounting principles are applied. at

  Why are accounting systems called double-entry

What types of transactions increase equity? What types decrease equity?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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