Calculate the cost of sales for the following: Sales are $250,000. Cost of goods sold is 75%.
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- 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.If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $49,500, then the sales must be: Multiple Choice $99,500. $129,000. $89,500. $139,000.A company purchases 250 units at $12 each and 310 units at $19 each. What is the weighted average cost per unit? A) $12.25 B) $ 15.88 C) $14.78 D) $15.61. Help
- Revenue is $125,000. Cost of goods sold are $75,000. Calculate gross margin. O 20% O 40% 60% 80%A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) solve this general accounting QueryYou made a sale for $175,000. The customer paid in cash. Your gross margin is 48%. What is your cost of goods sold?
- A retail store's cost of goods sold is $240,000, and its desired gross profit rate is 40% on sales. What should be the total sales amount amount to achieve this target?Brad Gravel Pitt Company has sales of $495,000 and cost of goods sold of $302,000. Selling and administrative costs are $100,000. Taxes are $40,000. a. What is the Choose.. gross profit?What is the Operating Profit? Example: Sales are $2,500,000. Cost of goods sold is $1,710,000 and Administrative expenses are 10%. Depreciation is 6% and the total assest is $4,680,000.
- Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning inventory of finished goods decreased by 5,000? What would be the effect on the cost of goods sold?The operating income for TRX Inc. is $100 million. If the cost of goods is $30 million, SGA expenses are $15 million, and other operating expenses are $5 million, find the sales revenues for TRX.Can you please answer the question