What was gross profit for randy''s spa

Assignment Help Financial Accounting

Reference no: EM1312833

Calculation of net profit and gross profit.

For the month of February, 2009, Randy's Spa Supplies had total sales revenue of $92,600. Sales returns were $3,450. Sales discounts totaled $765. Cost of goods sold for the business was $72,338.

1. What was Net Sales for Randy's Spa Supplies in February? (Show your calculations)

2. What was Gross Profit for Randy's Spa Supplies in February? (Show your calculations)

3. What was the Gross Profit rate for Randy's Spa Supplies in February? (Show your calculations)

Reference no: EM1312833

Questions Cloud

Calculation of ebit and sensitivity analysis : Calculation of EBIT and Sensitivity Analysis of The Can-Do Co. is analyzing a proposed project

Fermentation in absence of oxygen and anaerobic respiration : Explain how cells meet their energy requirements through the process of fermentation in absence of oxygen along with the examples.

Demand and supply analysis price of dairy cow : What takes place to the equilibrium price and quantity of ice cream in response to each of the following? Describe your answers.

Difference in means between two populations : Any analysis required to check the required conditions (note that if you find that you cannot meet the required conditions for the test you expected to do, you must use the appropriate non-parametric test)

What was gross profit for randy''s spa : What was Gross Profit for Randy's Spa Supplies in February and What was the Gross Profit rate for Randy's Spa Supplies in February

Calculation of net present value and decision making : Calculation of net present value and decision making of Maple Media is considering a proposal to enter a new line of business

Purpose inventory return portion of the entry : Purpose inventory return portion of the entry for this sales return on Randy's books and Record this return of purchases on Janet's books.

Find the radius of the tyre : The magnitude FN of the normal force that each side of the tread channel exerts on the stone is 1.8 N. Suppose that only static friction supplies the centripetal force, & find the radius r of the tyre.

Questions on aggregate supply and long-run equilibrium : What are the advantages of Fed increasing interest rates if the GDP gap is positive?

User Account

All Pages