How much is the company's cost of sales?
Q: On December 31, 2016, LOUDY was depressed upon seeing the following accounts in his ledger. In order…
A: cost of sales is the amount of total cost of goods that is being sold.
Q: On December 31, 2016, CLOUDY was depressed upon seeing the following accounts in his ledger. In…
A: Cost of sales is the cost incurred in producing the goods which have been sold during the accounting…
Q: What is the Importance of the Profit Ratio?
A: Profit ratio: Profit ratio is utilized to assess the corporation's capacity to make revenue as…
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A: The cost of producing a product or service that a company sells is usually referred to as the cost.…
Q: Define return on sales ( or profit margin).
A: Financial ratios represent the accounting ratios computed by the management by using elements of…
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A: The price-earnings ratio is the ratio which helps the investor to determine the market value on the…
Q: Define how costs of goods and other costs such as taxes contribute to the performance besides sales?
A: Performance of the business is usually measured by the ability of the company to generate the net…
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A: Sales turnover: It is the company's total amount of services / products sold over a given period of…
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A: Consolidated cost of sales is computed as follows
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A: The operating profit is the profit earned during the year after deducting all the operating expenses…
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A: as FIFO method of inventory valuation goods purchased first will be used first or sold first. The…
Q: Define what net sales?
A: Net sales means the amount of revenue earned from selling the goods or services in which business…
Q: WHAT IS THE TOTAL SELLING AND DISTRIBUTION EXPENSES
A: Selling and distribution expenses includes all the expenses incurred for making a sale and providing…
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A: Profit margin ratio is the percentage measure of the profit of the entity concerning the sales…
Q: Is there a point in a cost-volume-profit analysis when the company is expected to profit?
A: Is there a point in a cost-volume-profit analysis when the company is expected to profit? Answer:…
Q: What is gross profit margin?
A: The method to analyze the performance of a company through its profitability is term as the…
Q: Why Gross sales is important in a Company?
A: Gross sales: Gross sales is a metric for the total sales of the company, that are unadjusted for the…
Q: A company can use cost-volume-profit analysis to determine the level of sales required to earn a…
A: CVP Analysis Equation Profit = Revenue – Fixed Costs – Variable Costs
Q: What is a company’s cost structure? How can cost structure affect a company’s profits?
A: Company's cost structure expresses the proportion of fixed costs to variable cost. Cost structure…
Q: How can the expected sales for a product group be converted into ex
A: A product group is a collection of various products, classes of products, segments, etc which are…
Q: a company price goods below costs
A:
Q: what is the cost of sales?
A: Cost of sales are the cost incurred for producing the goods which is sold. The concept related to…
Q: E3-18 (Static) Analyzing the Effects of Transactions Using T-Accounts and Interpreting the Net…
A: In order to determine the net profit margin ratio, the net profit is required to be divided by the…
Q: What does the term sales mix mean? How is a weighted-average unit contribution margin computed?
A: Contribution Margin is defined as the difference between the sales and the variable cost. In other…
Q: Waterway Company combines its operating expenses for budget purposes in a selling and administrative…
A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…
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- Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Newark Company has provided the following information: • Cash sales, $450,000 • Credit sales, $1,350,000 Selling and administrative expenses, $330,000 • Sales returns and allowances, $90,000 • Gross profit, $1,360,000 • Increase in accounts receivable, $55,000 • Bad debt expense, $33,000 • Sales discounts, $43,000 • Net income, $1,030,000 How much is Newark's cost of sales?
- Newark Company has provided the following information: • Cash sales, $640,000 • Credit sales, $1,540,000 Selling and administrative expenses, $520,000 Sales returns and allowances, $109,000 • Gross profit, $1,550,000 • Increase in accounts receivable, $74,000 • Bad debt expense, $52,000 • Sales discounts, $62,000 • Net income, $1,030,000 How much is Newark's cost of sales?Newark Company has provided the following information: • Cash sales, $450,000 Credit sales, $1,350,000. Selling and administrative expenses, $330,000 Sales returns and allowances, $90,000 Gross profit, $1,360,000 Increase in accounts receivable, $55,000 Bad debt expense, $33,000 Sales discounts, $43,000 Net income, $1,030,000 How much are Newark's net sales? $1,800,000. $1,634,000. $1,667,000. $1,745,000.Flyer Company has provided the following information. Cash sales, $325,000 Credit sales, $850.000 Selling and administrative expenses, $220,000. Sales retums and allowances, $75,000 Gross profit, $830,000. Increase in accounts receivable $75,000. Bad debt expense, $28,000 Sales discounts, 552,000. Net income, $920,000 How much is Newark's cost of sales?
- Newark Company has provided the following information:· Cash sales, $450,000· Credit sales, $1,350,000· Selling and administrative expenses, $330,000· Sales returns and allowances, $90,000· Depreciation expense, $101,000· Gross profit, $1,360,000· Increase in accounts receivable, $55,000· Bad debt expense, $33,000· Sales discounts, $43,000How much is Newark's cost of goods sold? Group of answer choices A)$307,000 B)$252,000 C)$440,000 D)$340,000Flyer Company has provided the following information • Cash sales, $325,000 • Credit sales, $850.000 Selling and administrative expenses, $220,000 • Sales retums and allowances, S75,000 Gross profit, $830,000 • Increase in accounts receivable $75,000 • Bad debt expense, $28,000 Sales discounts, 552,000 • Net income, $920,000 How much is Newark's cost of sales?Newark Company has provided the following information:Cash sales, $600,000Credit sales, $1,500,000Selling and administrative expenses, $480,000Sales returns and allowances, $105,000Gross profit, $1,510,000Increase in accounts receivable, $70,000Bad debt expense, $48,000Sales discounts, $58,000Net income, $1,030,000How much are Newark's net sales?how would i find net sales without revenue? I think it what I am trying to find
- A company has cash sales of $75,000, credit sales of $320,000, sales returns and allowances of $13,700, and sales discounts of $6,000. Its net sales equal a. $395,000. c. $300,300. e. $414,700. b. $375,300. d. $339,700.A company has net income of $196,000, a profit margin of 10.00 percent, and an accounts receivable balance of $106,420. Assuming 79 percent of sales are on credit, what is the company's days' sales in receivables?Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of the number of turns? a. 5.95 turns b. 2.97 turns c. 8.92 turns d. 3.0 turns