If a company’s revenue is $65,000, the cost of goods sold is $38,000, and operating expenses are $10,000, what is the company’s gross profit? Provide Answer
Q: Kindly help me with accounting questions
A: Predetermined Overhead Rate (POHR)POHR = Estimated Overhead Costs / Estimated Direct Labor…
Q: What is the amount of the gross profit on these accounting question?
A: Step 1: Calculation of Total Net SalesNet Sales = Cash Sales + Credit Sales (sales on account)Net…
Q: The current ratio of a company is 8:1 and its acid-test ratio is 1:1. If the inventories and prepaid…
A: Given DataCurrent Ratio: 8:18:18:1Acid-Test Ratio: 1:11:11:1Inventories and Prepaid Items:…
Q: Inacio Corporation uses the weighted-average method in its process costing system. Data concerning…
A: Step 1: Key DataBeginning Work-in-Process Inventory:Units: 2,500Materials cost: $14,600Percent…
Q: General accounting question
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: None
A: To calculate the accrued interest on the U.S. Treasury note, we need to follow these steps:Step 1:…
Q: Provide answer to this financial accounting Problem: Dual Company's complete assets and liabilities…
A: Explanation of Assets: Assets are economic resources owned by a company that have value and can be…
Q: How many units were completed during the period on these general accounting question?
A: Step 1: Define Units Completed During the PeriodUnits completed during the period in a process…
Q: The month of October?
A: Step 1: Define Net IncomeIn a single-step income statement, the net income can be calculated by…
Q: General accounting
A: Step 1: Given Face amount = 100,000 Annual interest rate = 6%Semi-annual interest rate = 6%/2 = 3%…
Q: Hello.tutor please provide correct answer general Accounting question
A: Step 1: Define Variable CostingVariable Costing classifies costs as to fixed and variable. All…
Q: What is the accrued on the $100,000 face amount of this note ? General accounting
A: Step 1: Define Accrued InterestInterest expense is paid on the amount borrowed by the firm from a…
Q: I need this question answer general Accounting
A: Step 1: Define Operating LeverageThe operating leverage determines the percentage change in the…
Q: Financial Accounting Question
A: Step 1: Define Conversion PriceThe conversion price represents the price per share at which a…
Q: provide general account solution. asap
A: To calculate the finished goods inventory on April 30, we need to determine the total cost of each…
Q: Book Balance?
A: Step 1:Bank Reconciliation:-Bank reconciliation statement is prepared by the account holder to…
Q: None
A: Step 1: Given value for Calculation Initial Investment = i = $200,000Cash Flow for Year 1 = cf1 =…
Q: The ledger of American Company has the following work-in-process account. Work in Process- Painting…
A: We need to calculate:Units in process at May 31.Unit materials cost for May. Part (a): Units in…
Q: I need answer of this question solution general accounting
A: Step 1: Introduction to notesNotes are also known as promissory notes which are a sort of debt…
Q: Please solve this question general accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Please answer the accounting question solve this one
A: Compute the fixed overhead cost per trekking pole.Fixed overhead per trekking pole = Total Fixed…
Q: Provide answer financial accounting
A: Step 1: Define Calculation of MarginsThe margin amounts are calculated by the respective exchanges…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Net IncomeNet income is known as the bottom line and is the last line on the income…
Q: Don't use ai given answer accounting questions
A: Explanation: If a property is transferred to a corporation in exchange of stock then the gain is…
Q: Please solve this question general accounting
A: Given:Principal of the note: $8,000Interest rate: 6% annuallyTime period: 6 monthsThe interest for 6…
Q: Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending…
A: Step 1: Calculation of Lower of Cost or Market Value (LCM) and its total for each itemAlligator…
Q: Hello tutor please given correct answer general Accounting
A: Step 1: Compute the contribution margin per unit by subtracting variable costs per unit…
Q: Need help with this question solution general accounting
A: Step 1: Calculation of Contribution MarginContribution Margin = Sales - Variable…
Q: Please answer the accounting question
A: Step 1: Define Ending Cash BalanceThe ending cash balance is the total amount of cash a company has…
Q: Not use ai please given answer financial accounting
A: Degree of Operating Leverage = %change in EBIT / % change in Sales Current Year (a)15 % increase…
Q: Please solve this question general accounting
A: Step 1: Define Payback AnalysisThe payback analysis technique is one of the several capital…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio is the percentage of…
Q: You are finishing your third year in business with $540,000 of gross income and $274,000 in…
A: Calculating Taxable Income for the YearTo determine your taxable income for the year, we need to…
Q: Need help with this accounting question not use ai
A: Step 1: Define Lease Expense in Operating LeasesFor an operating lease, the total lease expense is…
Q: General accounting
A: Approach to solving the question: For better clarity of the solution, I have provided both the…
Q: Superior Micro Products uses the weighted average method in its process costing system. Data for the…
A: Calculate the total cost for each category:The total cost for each category is the sum of:Work in…
Q: Kindly help me with accounting questions
A: Stockholders' EquityStockholders' equity is given by:Stockholders' Equity = Assets −…
Q: What is the actual debt service coverage ratio on these financial accounting question?
A: Step 1: Define Debt Service Coverage RatioThe debt service coverage ratio is a financial measure to…
Q: Hii expert please provide correct answer general Accounting
A: The basic earnings per share (EPS) measure the profit available to common shareholders for each…
Q: The total amount og deduction from an employee's gross pay is solve this question
A: Step 1: Define Employee DeductionsEmployee deductions are the deductions that are made on the gross…
Q: What is the implied interest rate the investor will earn on the security of this financial…
A: Step 1: Define Annual Rate Of ReturnAn annual rate of return on investment is its geometric rate of…
Q: Neptune industries manufacturing marine solution general accounting question
A: Step 1: Definition of Variable CostingVariable costing is a method where only variable manufacturing…
Q: What was kennedys net income for the year? General accounting
A: Step 1: Key DefinitionsNet Income: The profit earned during the year, calculated as:…
Q: Answer do fast and step by step calculation with explanation for this general accounting question
A: Step 1: Define Accounts ReceivableThe companies with cash reserves can grab customers with their…
Q: Please solve this question general accounting
A: Calculation of interest expense for the year ended December 31, 2010:Principal of the note:…
Q: Hii expert please given correct answer general accounting question
A: The question would require the determination of the investor's return. Return on Investment (ROI) is…
Q: Hello teacher please help me this question
A: Step 1: Define Applied OverheadsApplied overhead is the cost that the business compute and debit to…
Q: What is net income under absorption costing? General accounting
A: Explanation: In the given case, we are required to calculate the net income under absorption costing…
Q: provide general Account answer
A: To calculate the total equity of Office Mart at year-end, we apply the accounting equation:…
Q: The net sales for the year are ????
A: Step 1: Define Net SalesNet sales are a critical financial metric for a business as they provide…
If a company’s revenue is $65,000, the cost of goods sold is $38,000, and operating expenses are $10,000, what is the company’s gross profit? Provide Answer
Step by step
Solved in 2 steps
- 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. 1,220,000If a company's revenue is $50,000, the cost of goods sold is $30,000, and operating expenses are $10,000, what is the company's gross profit?Calculate the net profit for a company given the following information: Total revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $25,000, and Taxes = $10,000.
- What is the gross profit on these general accounting question?If Net Sales is $10,500, Cost of Goods Sold is $5,400, Gross Profit is $5,100 and Operating Expenses are $1,800, what is the Net Income from Operations?Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.
- Cupery Co. has net sales of $105,000, cost of goods sold of $70,000, and operating expenses of $20,000. What is its gross profit and its gross profit rate?Calculate the net income for a company given the following information: Revenue: $50,000 Cost of Goods Sold: $20,000 Operating Expenses: $10,000 Interest Expense: $2,000 Tax Rate: 25% . .A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals a. $743,000. c. $357,000. e. $(193,000). b. $550,000. d. $193,000.