Profit Margin A company has sales of $250,000 and cost of goods sold of$150,000. What is the gross profit margin?A) 30%B) 40%C) 50%D) 60%

Explanation of Sales:Sales represent the total revenue generated from selling goods or services…

Answered: A company has sales of $250,000 and…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Similar questions

During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000, 000. What is the sales margin?
During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?
A company has total sales of $500,000 and a cost of goods sold (COGS) of $300,000. What is the company's gross profit margin? a) 20% b) 30% c) 40% d) 60%
Calculation
If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit percentage is 70%. 30%. 15%. 100%.
What is the profit margin?
If the vertical percentage of operating profit is 60% and vertical percentage of gross sales profit is 70%, what are the operating expenses if the net sales are TL 2,000,000?
Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.
If a company has a net margin of 15%, gross margin of 35% and costs of sale of £25,000, then what is the sales revenue and overhead?
If the company’s net profit is OMR 20,000 and the net profit ratio is 20% then the sales would be_______.
A company had a profit margin of 15%. If net income equaled $44,000 and average total assets equaled $335,000, how much were net sales? (Rounded to the nearest whole dollar.) A. $293,333 B. $6,600 C. $223 D. $50,250 E. $291,000
If net sales are $800,000 and cost of sales is $600,000, the gross profit ratio is 25%. (True or False)

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A company has sales of $250,000 and cost of goods sold of $150,000. What is the gross profit margin? A) 30% B) 40% C) 50% D) 60%