An item that cost $120 is to be sold for a price that will yield a gross profit ratio of 20%. The selling price should be: A. $96 B. $144 C. $150 D. $600
Q: Bowie sporting good manufacturer sleeping bags
A: Explanation of Materials Price Variance:Materials Price Variance measures the difference between the…
Q: Please given answer general accounting
A: Here's how to calculate Maria's capital gains yield:Calculate the capital gain per share:Capital…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Owner's Capital BalanceThe owner's capital balance at the end of the period is…
Q: Solve this financial accounting problem
A: Explanation: We can calculate the Return on Equity (ROE) using the DuPont equation. As per the…
Q: MCQ
A: **Explanation:** The **balanced scorecard approach**, developed by Kaplan and Norton, is a…
Q: General Account
A: Gross Profit is a key financial metric that represents a company's profitability after accounting…
Q: General Accounting
A: Detailed explanation:Columnar approach organizes the given data/information into a table format to…
Q: provide this general accounting answer
A: To determine the standard direct materials cost per unit of the finished product, we use the…
Q: Haberdashery Company has a beginning Work-in-Process Inventory of 33,000 units (40% complete).…
A: Explanation of Weighted Average Process Costing:The Weighted Average Process Costing method is a way…
Q: Please provide this question solution general accounting
A: Step 1: Definition of Current LiabilitiesCurrent liabilities are obligations a company must pay…
Q: None
A: Step 1: Given Value for Calculation Net Income = ni = $600,000Preferred Stock Dividend = pd =…
Q: i wont to this question answer General accounting question
A: Step 1:Gain or loss on the sale of the Machinery can be calculated by subtracting the Machinery's…
Q: Need answer
A: Explanation of Cost of Goods Manufactured (COGM);Cost of Goods Manufactured refers to the total cost…
Q: Expert need your help
A: The coefficient of variation (CV) is calculated using the formula: CV=Expected ReturnStandard…
Q: None
A: Step 1: Definition of Net Realizable Value (NRV)Net realizable value (NRV) of accounts receivable is…
Q: Answer?
A: The question requires the determination of the manufacturing cycle efficiency. Manufacturing Cycle…
Q: What is the degree of operating leverage?
A: Step 1: The degree of operating leverage can be calculated by dividing the contribution margin by…
Q: Financial accounting
A: Explanation of Net Sales Revenue:Net Sales Revenue is the final amount of sales a company earns…
Q: Need answer
A: Explanation of Market Value:Market value refers to the current price at which an asset or security…
Q: i need this question answer General accounting
A: Step 1: Absorption costing Under absorption costing, the product cost consists the following:Product…
Q: please solve this question General accounting question
A: Step 1: Define Sales Price Per UnitThe Sales Price Per Unit is the amount a company charges per…
Q: A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin…
A: ROE=Net Income/Total EquityLet us rearrange to solve for Net Income: Net Income=ROE ×Total EquityWe…
Q: Patterson Brothers recently reported an EBITDA of $8.8 million and a net income of $2.4 million. It…
A: To find the charge for depreciation and amortization, we will use the relationship between EBITDA,…
Q: Quick answer of this accounting questions
A: Equity Premium=Stock Market Return−Risk-Free RateIn this case:The stock market return is 12.5%.The…
Q: Provide Answer
A: Concept of Cost-Volume-Profit (CVP) Analysis: CVP analysis is a managerial accounting method used to…
Q: Help
A: Explanation of Sales Revenue:Sales revenue refers to the total amount of money a company earns from…
Q: ?!
A: Explanation of Sales Revenue: Sales revenue represents the total amount of money generated from…
Q: For its inspecting cost pool, Brilliant Professor Mullen Company expected an overhead cost of…
A: Step 1: Analysis of information providedEstimated overhead cost = $360,000Estimated number of…
Q: General accounting MCQ
A: To calculate the Return on Equity (ROE), you can use the formula: ROE = (Net Income / Equity) × 100…
Q: 5 POINTS
A: To calculate the Return on Equity (ROE), we need to determine the firm's equity first. Given the…
Q: Financial Accounting Question
A: 1. Marginal Income per UnitMarginal Income per Unit = Selling Price per Unit - Variable Cost per…
Q: please provide answer General accounting question
A: Step 1: Analysis of the information givenNumber of units produced = 12,500Time required per unit =…
Q: Provide correct answer in financial accounting
A: Explanation of Return on Equity (ROE):Return on Equity (ROE) is a key financial metric that measures…
Q: provide answer of this General accounting question
A: Step 1: Formula Cost of goods sold = Beginning inventory + Purchases - Ending inventoryEnding…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Working CapitalWorking capital is a financial metric that measures a company's…
Q: ?!
A: Explanation of Cost of Goods Sold (COGS): This represents the direct costs associated with producing…
Q: My Company has a predetermined overhead rate of 179% of direct labor cost. Estimated overhead for…
A: Step 1: Find the Applied Overhead.= basis x predetermined rate or;= actual direct labor cost x…
Q: Blake factoring
A: Step 1: Given Value for Calculation Purchase Price = p = $185,000Number of days = n = 75 daysAmount…
Q: Please given correct answer general accounting
A: Step 1: Formula Shareholders' equity = Total assets - Total liabilities Step 2: Substitution…
Q: hello tutor provide correct answer this General accounting question
A: Daily Sales:Daily Sales=Annual Sales/365=5,840,000/365= 16,000 per dayCOGS Value:COGS=75%×Annual…
Q: Question:21 Compute the amount of raw materials used during August if $26,000 of raw materials were…
A: Concept of Raw Materials InventoryRaw materials inventory represents the stock of materials that are…
Q: please solve this question General accounting question
A: Explanation: The formula to calculate annual depreciation under straight-line method of depreciation…
Q: What is the contribution margin ratio?
A: Step 1: Definition of Contribution Margin RatioThe Contribution Margin Ratio is the proportion of…
Q: General accounting expert need your help
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio measures a company's financial leverage…
Q: Julie Finn is preparing the materials purchases budget for the first quarter. The production manager…
A: To determine how many gallons of direct materials Julie needs to purchase in February, we use the…
Q: Kindly help me with accounting questions
A: A) John's shareOriginal price = Purchase amount / No. of shares = 24,000 /…
Q: What amount sales is necessary to earn desired profit?
A: Part 2: AnswerWe can solve this problem by using the concept of contribution margin. Here's…
Q: Cost Accounting
A: Schedule of Cost of Goods Manufactured (COGM)For the Year Ended December 31,…
Q: do fast answer of this General Accounting Question
A: Given:DSO (Days sales outstanding) = 45 daysDPO (Days payable outstanding) = 38 daysDIO (Days…
Q: Hello tutor please solve this question
A: Step 1: Cash proceeds from the sale of equipment Cash proceeds from the sale of equipment =…
Step by step
Solved in 2 steps
- Assume that markup is based on cost. Calculate the cost and selling price. Note: Round your answers to the nearest cent. Cost Selling price Dollar markup $ 6.00 Percent markup on cost 101.69 %If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.Kindly help me with accounting questions
- Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. 1. Cost: $23.75 2. Selling Price: $29.50.Assume that mark up is based on cost... Please answer the accounting questionIf an item will be priced according to a 55 percent gross margin and the item costs $20, use that gross margin percentage to directly calculate the item’s price
- An item has a 29% markup based on selling price. The markup is $400. a. Find the selling price. b. Find the cost. Round to the nearest cent. a. The selling price is $ (Round to the nearest cent as needed.) b. The cost is Sif dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?Provide correct option general accounting
- Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup CostAssume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on selling price" to the nearest tenth percent $ Selling price 15.40 $ 52.00 $ Dollar markup Cost 36.60 Percent markup on selling price %