A retail store had sales of $235,000 and cost of goods sold of $141,000. What is its gross profit?
Q: Financial Accounting
A: Step 1: Define Direct Materials Price VarianceDirect materials price variance measures the…
Q: Solve this accounting problem without use Ai
A: To calculate Charlotte's taxable gain on the sale of her home, we must consider the home sale…
Q: solve this general account questions
A: Step 1: Key InformationVariable Costs Per Unit (Production):Direct Materials: $32Direct Labor:…
Q: Anderson Enterprises incurred the following costs while producing 500 units: direct materials, $15…
A: A. Per Unit Product Cost Using Variable CostingUnder variable costing, the product cost includes all…
Q: Assume october is the high volume month for a toy solve this question general Accounting
A: The amount of total fixed cost will be computed by using the High-Low Method Formula as shown below:…
Q: What is Charlotte's taxable gain on the sale for this general accounting question?
A: Step 1: Define Taxable Gain on Sale of Principal ResidenceTaxable gain on the sale of a principal…
Q: How?
A: Explanation of Cost-Plus-Incentive Contracts:Cost-plus-incentive contracts are agreements where the…
Q: ABC Company has the following accounts and normal balance: please give answer the accounting…
A: Step 1: Define Net IncomeNet income is an important indicator of the profitability of the business,…
Q: Financial data for Hunger Games Company for last year appear below: Hunger Games Company Statements…
A: The margin is calculated by dividing the net operating income by the sales. In this case, the net…
Q: Need answer the accounting question
A: Step 1: Define Variable CostingVariable costing includes only variable manufacturing costs (e.g.,…
Q: Question: - How does resource attribution mapping enhance cost allocation? 1. Attribution wastes…
A: Resource attribution mapping enhances cost allocation by ensuring that costs are distributed…
Q: K&I Corp. has current liabilities of $445,000, a quick ratio of 0.82, an inventory turnover of…
A: Explanation of Quick RatioThe quick ratio measures a company's ability to meet its short-term…
Q: General Accounting
A: To calculate the capital gain or loss, let's break it down step by step: 1. Initial Purchase Price…
Q: Please solve my general account subject query
A: The question requires the determination of the value of the stock. This can be calculated using the…
Q: Solve this question general accounting
A: Calculation Steps:Project sales: Increase 2014 sales by 10%.Calculate cost of sales: 78% of…
Q: Please need answer the general accounting question
A: Step 1: Define Net IncomeA person or company's "net income" is the entire amount of money they made…
Q: I don't need ai answer general accounting question
A: To analyze Pine Corp's acquisition of Beta Company, let's determine the fair value of Beta's net…
Q: None
A: Explanation of Portion Control Standards: Portion control standards are predetermined measurements…
Q: Need Answer of this Question Please Tutor Make Sure answer with Accounting method
A: Step 1: Definition of High-Low MethodThe High-Low method is a cost estimation technique that…
Q: I need answer of this accounting questions solution
A: Note:1. Research Costs: Research costs are generally expensed as incurred and not capitalized as…
Q: Last year Kijel Company introduced a new product and sold 25,600 units of it at a price of $92 per…
A: To calculate the net operating income (NOI), follow these steps:Calculate total sales revenue:Total…
Q: When higdon corporation was organised solution general accounting question
A: To calculate the dividend arrearage as of January 1, 2015, we need to determine how much cumulative…
Q: Provide answer financial accounting
A: Step 1: Define Overhead RateOverhead rate mean the predetermined rate of the overhead for the…
Q: Given the information below, what is the gross profit on these general accounting question?
A: To calculate gross profit, use the formula: Gross Profit = Net Sales - Cost of Goods Sold (COGS) Net…
Q: General Accounting question
A: Step 1: Define Cash FlowCash flows are important values while evaluating an investment opportunity.…
Q: Subject:-- General Account - On March 1, 2019, Annapolis Company has a beginning Work in Process…
A: Step 1: Define the given informationBeginning WIP inventory: 0 units.Units started during the month:…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Plantwide Overhead RateThe plantwide overhead rate is the total estimated…
Q: Bal Engineering has $60,000 in assets. They also have $25,000 in liabilities and $5,000 in expenses,…
A: Explanation of Assets: Assets represent everything of value that a company owns or controls which…
Q: Answer me
A: The return on assets (ROA) formula is:ROA = Net Income / Average Total AssetsROA measures how…
Q: Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The…
A: Step 1: Key Data ProvidedProduct Lines: Poinsettias and Fruit TreesSales:Poinsettias: $970,000Fruit…
Q: General Accounting Question can you please give me correct answer?
A: Explanation: In the given case, we are required to calculate total manufacturing costs incurred…
Q: Stanley manufacturing uses process costing solve this accounting questions
A: To calculate the equivalent units for direct materials using the weighted average method, we need to…
Q: Tina's budgeted overhead for the month is?
A: Explanation of Fixed Overhead: This represents the constant manufacturing costs that remain…
Q: General accounting
A: Step 1: Define Absorption CostingAbsorption costing is one of the costing methods under cost…
Q: None
A: The question requires the determination of the return on equity. One method being used is the Dupon…
Q: What is the gross profit ratio on these general accounting question?
A: Step 1:Gross profit ratio is calculated to show the relationship between the revenue from operations…
Q: WHEN
A: Explanation of Modified Attribute Mapping:Modified attribute mapping refers to the process of…
Q: What is the total standard cost for one unit of product that would appear on a standard cost card…
A: To calculate the total standard cost for one unit, we need to determine the costs for direct…
Q: West chester automation has an investory turnover of solve this question general Accounting
A: To calculate the cash cycle, we need the following components: Inventory Conversion Period (ICP):…
Q: I won't to this question answer financial accounting
A: To determine the total manufacturing costs incurred during the fiscal year 2018, we can use the…
Q: Tom Vu deposited $5,000 in a savings account... Please need answer the financial accounting
A: The Effective yearly Rate (EAR) shows the real yearly interest received or paid on an investment or…
Q: I won't to this question answer financial accounting
A: Step 1: Define Time Value of MoneyThe concept of the time value of money in financial mathematics…
Q: I need answers general Accounting
A: Step 1: Define Future ValueThe future value of a deposit represents its equivalent worth at a…
Q: I need answer of this question solution general accounting
A: Step 1: Definition of Unit Manufacturing Cost under Absorption CostingUnder absorption costing, the…
Q: Questions Of General Account The following information is provided by Raynette's Pharmacy for the…
A: Requirement 1:Computation of ending inventory under the retail inventory method by using the…
Q: Find the following value solve this question financial accounting
A: Step 1: Define Future ValueFuture value and present value are two common factors that should be…
Q: Which formula calculates the return on assets ratio? a. (Net Income + Discontinued…
A: Step 1:The correct option is b. Net Income/Average Total AssetsExplanation:-Return on assets is…
Q: During the current year,a corporation sellls equipment solve this general accounting question
A: To determine the correct result of the sale, we need to calculate the gain or loss from the sale of…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Intangible AssetsIntangible assets are non-physical assets with value that…
Q: Do fast answer of this question solution general accounting
A: 1. Determine the Depreciable Cost:Depreciable Cost = Cost of the Equipment - Residual…
Kindly help me with accounting questions


Step by step
Solved in 2 steps

- Suppose Austin Sound had sales of $450,000 and sales returns of $55,000. Cost of goods sold was $176,000. How much gross profit did Austin Sound report?Brown Glory Corp. has sales revenue of $150,000, sales discounts of $12,000, sales returns allowances of $24,000, and cost of goods sold of $60,000. What would be the net sales revenue of Brown Glory Corp.?Need Help please provide

