Accounting Gerard company reported sales of.. Gerard Company reported sales of $300,000 for2006, $330,000 for 2007, and $360,000 for 2008. Ifthe company uses 2006 as the base year, what werethe percentage increases for 2001 and 2008compared to the base year?a. 10% for 2007 and 10% for 2008b. 120% for 2007 and 120% for 2008c. 110% for 2007 and 110% for 2008d. 10% of or 2007 and 20% for 2008

Step 1:- Define Sales ReturnSales return is the amount of the sales returned to the seller by the…

Answered: Gerard Company reported sales of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ash company reported sales of 490000 for year 1, 540000 for year 2 and 590000 for year 3. Using year 1 as the base year what is the revenue trend percent for year 2 and year 3?
Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What was its profit margin on sales? Select the correct answer. a. 6.19 % b. 6.21 % c. 6.17 % d. 6.13 % e. 6.15 %
Given answer accounting questions
Ash Company reported sales of $550,000 for Year 1, $600,000 for Year 2, and $650,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3? Multiple Choice 109.1% for Year 2 and 118.2% for Year 3 84.6% for Year 2 and 92,3% for Year 3. 92,0% for Year 2 and 84.6% for Year 3. 6:35 PM 3/28/2022
A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the prior year as the base year, the sales trend percent for the current year is a. 17%. c. 100%. e. 48%. b. 85%. d. 117%.
Ryngard Corp’s sales last year were $43,000 and it’s accounts recivable were $16,000. What was its Days Sales Outstanding ratio (DSO)? A.45 B.136 C.273 D.365
please provide answer with calculatino
Assume the following sales data for a company:Current year$832,402 Preceding year608,082What is the percentage increase in sales from the preceding year to the current year? a.136.89% b.36.89% c.73.05% d.26.95% The relationship of $242,729 to $104,267, expressed as a ratio, is a.0.8 b.2.3 c.0.4 d.0.7
I need answer of this question
A consumer products company reported a 25 percent increase in sales from 2009 to 2010. Sales in 2009 were $200,000. In 2010, the company reported Cost of Goods Sold in the amount of $150,000.What was the gross profit percentage in 2010?
Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000. What was its profit margin on sales? A 6.49% B 6.83% C 7.19% D 7.55%

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