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

Step 1: Understand the FormulaThe relationship between gross margin, gross margin percentage, and…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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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.
IF the profit are 50% of operating cost, it is ……………. of invoice price a. 20% b. 25% c. 16.66667% d. 33.33334%
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?
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2. You have the following information: Sales= JD 300 000 Net profit margin= 20%. Required: Calculate Net Income
Assume that the net profit margin = 9%, assets are 95 cents for every dollar of sales, and equity is 86 percent of assets. According to the DuPont system of financial ratio analysis, the ROE would be approximately O A. 8% O B. 10% O c. 9% O D. 11%
b. Assume that more than one product is being sold in each of the four following case situations:AverageContribution Net OperatingVariable Margin Fixed IncomeCase Sales Expenses Ratio Expenses (Loss)1 ........................ $500,000 ? 20% ? $7,0002 ........................ $400,000 $260,000 ? $100,000 ?3 ........................ ? ? 60% $130,000 $20,0004 ........................ $600,000 $420,000 ? ? $(5,000)
a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (21%) Net income $ 544,300 349,300 97,300 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. b. OCF c. Depreciation tax shield c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.
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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