Gross profit in 2008 for the Lily Company totalled $1,000,000. If cost of goods sold was 60% of sales, sales must have been A: $ 400,000 B: $ 600,000 C: $ 1,666,667 D: $2,500,000
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000A company has sales of Ghc1,000. The company sell three types of goods. Sixty percent of sales are of type A. Which is sold at a mark -up of 20%. Type B goods are sold at a margin of 30%. The cost of type B sold in the year was Ghc154 and the total gross profit for the year was Ghc184. What was the gross profit for type C?A company has sales of Gh1,000.The company sells three types of goods . Sixty percent of sales are of types A which is sold at a mark-up of 20%. Type B goods are sold at a margin of 30%.The cost of this B sold in the year was Gh 154 and total gross profit for the year was Gh 184. What wast the cost of sales for type C?
- Sisyphus Inc. records total sales of $657,500 in the current period, with a cost of goods sold of $389,000 . Sisyphus expects 4% of sales to be returned. How much in net sales will Sisyphus recognize for the current period? Group of answer choices $373,400 $268,500 $631,200 $657,500 $257,760 The Sisyphus Inc’s (SSY) Company’s annual statement of cash flows reported the following (in millions): Net cash from financing activities $63,864 Net cash from investing activities -62,512 Cash at the beginning of the year 13,152 Cash at the end of the year 18,948 What did SSY report for “Net cash from operating activities” during the year? Group of answer choices $71,220 million cash inflow None of the above $4,444 million cash outflow $4,444 million cash inflow $71,220 million cash outflowAssume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper Natural Dyes’s gross profit percentage for this period? (Round your answer to the nearest whole percent.) 36% 3.4 times 64% 17%XYZ Company had the following information: Net Sales $1,000,000, Beginning Inventory $200,000, Purchases $600,000, Ending Inventory $150,000, and Gross Profit Rate 40%. Calculate the cost of goods sold and the gross profit for the year.
- For a recent year Best Buy (BBY) reported sales of $39,528 million. It's gross profit was $9,191 million. What was the amount of Best Buy's cost of goods sold?During the current period, Gleason Technology records total sales of $850,000, with a cost of merchandise to the company of $340,000. Based on past experience, Gleason Technology expects 4% of sales to be returned.How much in net sales will Gleason Technology recognize for the current period?If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000, the gross profit rate is 77%. 61%. 39%. 23%.
- A company has sales of GH₵ 1,000. The company sells three types of goods. Sixty percent of sales are of type A which is sold at a mark-up of 20%. Type B goods are sold at a margin of 30%. The cost of type B sold in the year was GH¢ 154 and total gross profit for the year was GH₵ 184. What was the total sales for product B?The Lubao Company reported the following information for the year 2009: Gross profit -P560,000; Finished Goods Inventory, end - P240,000; and Cost of Goods Available for Sale - P360,000. How much is the total Sales for the year?Net sales for the year were $450,000 and cost of goods sold was $297,000 for the company's existing products. A new product is presently under development and has an expected selling price of not more than $75 per unit in order to remain competitive with similar products in the marketplace. Required: a. Calculate gross profit and the gross profit ratio for the year. Net sales Cost of goods sold Gross profit $ 450,000 $ 153,000 b. What is the maximum cost per unit that can be incurred to manufacture the new product so that the product can be priced competitively and will not result in a reduction to the company's gross profit ratio? (Round your final answer to 2 decimal places.) Maximum manufacturing cost per unit