If a gross margin of $35,000 is 28% of net sales revenues, thennet sales revenues must be:a. $9,800b. $25,200c. $100,000d. $125,000e. none of these

Step 1: Net Sales Revenues can be calculated using the formula of gross margin ratio, Gross Margin…

Answered: If a gross margin of $35,000 is 28% 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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ieverage is 6 (contribution margin divided by net income), one would e\per net income to increase by 10. I1 sales increase from P400.000 to P450,000, and if the degree of operating a. 75% b. 67% c. 12.5% d. None of these.
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.
Given a profit margin = 15%, ROE = 25%, D/E = 1.25, and assets = $600, please calculate sales.
The company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 35 items are sold with 20% profit margin (COGS +20% Profit), what is COGS and Sales Revenue in LIFO? a. COGS: 28.500 TL; Sales Revenue: 34.200 TL O b. COGS: 14.500 TL; Sales Revenue: 17.400 TL c. COGS: 11.000 TL; Sales Revenue: 13.200 TL O d. COGS: 32.000 TL; Sales Revenue: 38.400 TL
company's margin of safety in pesos is P30,000; fixed costs, P90,000; sales, P200,000; and CM ratio, 60%. The 7. The following are taken from Lily Company's income statement: net income. 's а. Р30,000 b. P50,000 с. PI50,000 d. None of these. 8 Refer to no. 7. The margin of safety in percentage form is a. 75% b. 40% c. 25% d. 60% e. None of these.
b) Calculate mark-up (in percentage to 2 decimal places)c) Calculate the margin as a % to 1 decimal placed) What is the operating profit margin percentage if the selling expense isreduced by 25%? Show this to nearest whole number %e) Define the following and provide respective examples.f) If a company has a mark-up of 27% and sales revenue of £130,597, thenwhat is the cost of sales in whole £’s?g) If a company has a net margin of 50%, gross margin of 66.67% and costs of sale of £1,150,000, then what is the sales revenue and overhead?
If marginal revenue is -0.006,r21 is expanded from 92 units to 145 units? Please round your answer to the nearest whole number. 1,213 and the cost per unit is 0.9, how much do profits increase by when output
If a product sells P^(7500) and costs P^(4300) to manufacture, its gross margin is P^(3200). Find the margin percent.
the Sales Cost ( 390000)$ , Sales ( 990000)$ , Ind. Marketing ( f. ) ( 120000)$ Ind. Exp. ( f.) ( 150000)$. Ad. Cost ( 220000)$. Net profit ( using variable Cost ) ?
If the vertical percentage of operating profit is 60% and vertical percentage of gross sales profit is 70%, what are the operating expenses if the net sales are TL 2,000,000?
Net margin is 30% of the gross sales of 150,000. With Cost of Goods Sold amounting to 50,000, what percentage of total sales are expenses other than cost of sales?A. B.C.D.
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If a gross margin of $35,000 is 28% of net sales revenues, then net sales revenues must be: a. $9,800 b. $25,200 c. $100,000 d. $125,000 e. none of these