A business usually has a mark-up of 20% on cost of sales. During a year, its sales were $90,000. What was cost of sales?  A $15,000  B $72,000  C $18,000  D $75,000

Q: A firm with annual sales of $7,600,000 increases its inventory turnover from 4.0 to 4.5. How much…

A: Inventory turnover is one of the efficiency ratio being used in business. This shows how many times…

Q: McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,947,000; 40% of…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: Need help please provide answer

A: Operating cycle = ((Inventory * 365 days) / Cost of goods sold) + ((Accounts Receivable * 365 days)…

Q: A company has international sales with 90 da erm. Their Inventory turnover period is 30 days. What…

A: The days sales in inventory is that accounting ratio which shows that how much time the…

Q: Creswell Corporation's fixed monthly expenses are $25,500 and its contribution margin ratio is 68%.…

A: Cost volume profit analysis is the technique used by management for decision-making. The methods…

Q: It Thanksgiving Break Yet? (TBY) had ROI in the last year of 15%. For every $1.00 of assets…

A: Return on Investment is a performance measure used to evaluate the efficiency of investment. It is…

Q: Grunewald Industries sells on terms of 1/10, net 40. Gross sales last year were $4,453,000 and…

A: According to the question given, we need to compute the nominal and effective costs of trade credit…

Q: Compute for the amount of cash collected in March for Karmee Company from the sales made during…

A: Cash Sales = Cash Sales % x Total Sales  Credit sales = Credit sales % x Total Sales   In cash…

Q: If a company has a net margin of 15%, gross margin of 35% and costs of sale of £25,000, then what is…

A: Answer) Calculation of Sales Revenue Sales Revenue = Cost of Sales/ (100% - Gross Margin) Sales…

Q: If a business had sales of $4,219,000 and a margin of safety of 20%, the break-even point was Oa.…

A: Explanation:   Margin of safety will be  formula = Actual sales - Break even point  Sales…

Q: A firm has projected sales in May, June, and July of P10,000, P20,000, and P30,000, respectively.…

A: Usually, the Firm needs to assess the cash position to assess the cash requirement from time to…

Q: Calculate COGS

A: Given information, Sales = $178,000Gross margin = 51% or 0.51 Calculate the cost of goods sold as…

Q: Illustration: A company sells $50,000 of goods with the terms net/30. The receivable is immediately…

A: Sales price = $50,000 Factor fee = 3% Interest = 10% reserve = 8%

Q: Assume a  company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What…

A: Units sold means the number of goods sold by the entity in the market during a particular period.…

Q: The operating expenses of a manufacturer last month were $5,000.00. This amount was 55% of gross…

A: Operating expenses are those expenses that are incurred to run normal business operation. examples…

Q: Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If…

A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…

Q: Shalom Company had sales of P1,500,000 for the first quarter of 2022. During the period, the company…

A: Solution:    Fixed Cost and the Variable Cost    Fixed  variable  Cost of Goods sold…

Q: For its most recent fiscal year, a firm reported that its contribution margin was equal to 60…

A: The contribution margin is calculated as difference between sales and variable costs. The operating…

Q: Gross profit margin is 40%, tax rate is 30%: Sales year 1: 45000, year 2: 54000, year 3: 64800 (is…

A: Net income is referred to the income earned by an organization or an individual proprietor after…

Q: Please Give the answer of this question

A: Step 1: Introduction to the Account Receivable:Account receivable is a current asset created by a…

Q: ACE Manufacturing has net sales of $90,000, cost of goods sold of $65,000, and operating expenses of…

A: Income statement is a financial statement that shows profitability, total revenue and total expenses…

Q: A company's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the…

A: Contribution Margin :— It is the difference between sales and variable cost.    Operating income :—…

Q: Kross Ltd, a company that sells bicycles, had sales last month of Rs 40,000, EBIT of Rs 4,000, ne…

A:

Q: McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,537, 000; 40% of…

A: The day's sales outstanding refers to the number of days for which credit will be provided to all…

Q: A Mikey's sells $119,500 of its accounts receivable to factors at a 1% discount. The firm’s average…

A: The factoring services are used by the business to sell out their account receivables at a discount…

Q: Market Sales had $1,224,000 in sales last month. The variable costal ratio was 60% and operating…

A: Fixed costs are those costs which do not change with change in activity level. Variable costs are…

Q: following partial income statement data pertains to Tatum Toy Company's recent year completed and…

A: Earnings Before Tax -The amount that a company makes before taxes are subtracted is called earnings…

Q: If the company’s net profit is OMR 20,000 and the net profit ratio is 20% then the sales would…

A: Net profit ratio represents, percentage of profits earned on net sales. Net profit ratio is…

Q: Last year, Flynn Company reported a profit of $70,000 when sales totaled $520,000 and the…

A:

Q: Data for XYZ Co. • Expected sales volume: 2,250 units in the first quarter, with 250-unit increases…

A: Budgets means estimates or forecasts made for future period. This is quantitative course of action…

Q: Cost of Trade Credit Grunewald Industries sells on terms of 2/10, net 50. Gross sales last year…

A:

Q: A firm collects 25% of its credit sale in the month of sale and the remainder in the following…

A: The external finance is the amount that is needed by the company to continue their operation and or…

Q: NEKO Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash…

A: Calculation of days of sales outstanding   = 30% x 20 = 6 days    Calculation of credit sales =…

Q: If the sales this year amounted to P500,000, sales this year at last year's prices is P460,000. The…

A: The Gross Profit is the profit arrived at by deducting Cost of goods sold from the value of Sales.

Q: Compute for the 1)Net working formula, 2)Working capital turnover, 3) Current ratio

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: Average inventory=1,080,000 Debtors=690,000 Gross Profit ratio=10% Credit sales to total sales=20%…

A: Average collection period helps to find out average number of days debtor take to pay invoice. It…

Q: Company XYZ made total sales of $250,000 during the month of December. The company also incurred…

A: Current variable expenses = Total expenses x (100 - 60%) = $210,000 x 40% = $84,000 Fixed expenses =…

Q: Want to give you a correct answer

A: Step 1: Given Value for Calculation Sales = s = $4.05 millionCost of Goods Sold = cogs =…