1) calculate sales built (% change) as compared to last year, 2) Calculate gross margin % for this year . 3) Suggest different ways to increase sales for future period (**review last part of the chapter and lecture video (P&L statement end) for ideas) Provide answers to the three tasks above. Gross Sales customer returns Net Sales This year $ 150,000.00 $ last year 143.500.00 % $ $6,500.00 4%$ 4,700.00 $ 165,000.00 $160,300.00 %

1) calculate sales built (% change) as compared to last year, 2) Calculate gross margin % for this year . 3) Suggest different ways to increase sales for future period (**review last part of the chapter and lecture video (P&L statement end) for ideas) Provide answers to the three tasks above. Gross Sales customer returns Net Sales This year $ 150,000.00 $ last year 143.500.00 % $ $6,500.00 4%$ 4,700.00 $ 165,000.00 $160,300.00 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

From the following information, compute percent change in operating income for the current year. Sales for the previous year $210,000 Contribution margin 181,000 Fixed costs 125,000 Operating income 36,000 Assume that sales for the current year increased by 17%. a.86% b.92% c.74% d.96%
Download the attached Excel file (First Q Profits Report W Goal Seek_Ver2.xlsx). Instructions: . There are 3 Worksheet Tabs in this Excel file; First Q, First Q Goal Seek, and Minivan Loan. • The First Q (First Quarter) tab shows the first quarter revenue and expenses of the Downtown Internet Cafe. For this tab, • Complete the Proportion column, cells G7 through G11 Each proportion value shows the % of the quarterly sale of that item over the entire sale. Calculate the Net Income row, cells B24 through F24. o Compute the Profit Margin row, Cells B25 through E25. o Add Net Income Sparkline for January through March in Cell H24. in For this tab
PRINTER VERSION CALCULATOR 1 BACK NEX Problem 3-35 (Part Level Submission) Sandhill Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $41.17 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 13.17 11.77 4.17 Annual fixed expenses $15,600,000 3,100,000 6,500,000 Overhead Selling expenses Administrative expenses Sandhill can produce 3,000,000 cases a year. The projected net income for the coming year is expected to be $3,600,000. Sandhill is subject to a 40% income tax rate. During the planning sessions, Sandhill's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 15% in the coming year and that fixed administrative expenses will increase by $300,000. All other costs and expenses are expected to remain the same.
Need help with this question
Last year, Garrison Manufacturing sold 500 000 units at $4 each. Sales volume is expected to increase by 15% in the upcoming year, and sales price is expected to decrease by 5% in the upcoming year. The expected sales revenue for the upcoming year is: A. $2 255 000 B. $2 185 000 C. $2 645 000 D. $2 000 000
Only typing answer Please explain step by step without table and graph thankyou
Please answer with working+ Formula