If Ayayai Corp. has net sales of $523000 and cost of goods sold of $350000, Ayayai gross profit rate is O 33%. O 100%. O 49%. O 67%.

Q: Assume that the Bubba Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost of…

A: Gross profit: It can be defined as the excess of a company's sales revenue over the cost of goods…

Q: Dr. Zhivago Diagnostics Corporation's income statement for 20X1 is as follows: Sales Cost of goods…

A: The income statement is referred to as the financial statement which represents the financial…

Q: Richard's Sporting Goods reports net income of $160,000, net sales of $570,000, and average assets…

A: Profit Margin = (Net Income / Net Sales)

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Gross profit margin helps in assessing how much the company has after paying all the costs which are…

Q: Calculate the Gross Profit Percentage using the following informat Net Sales Cost of Goods Sold…

A: Introduction:- Gross profit is calculated by deduction of the cost of goods sold (COGS) from total…

Q: A company's net sales were $724,200, its cost of goods sold was $244,050 and its net income was…

A: GROSS MARGIN RATIO Gross Margin is the ratio between Gross Profit & Net Sales Revenue. Gross…

Q: owing A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections…

A: In Philippines Vat rate is 12% in general. It is charges at 12% on sale of goods and properties. It…

Q: Highly Suspect Corp. has current liabilities of $417,000, a quick ratio of 1.10, inventory turnover…

A: Here, Current Liabilities is $417,000 Quick Ratio is 1.10 Inventory Turnover Ratio is 3.60 Current…

Q: Q5: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating…

A: The gross profit is calculated as difference between sales and cost of goods sold.

Q: Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit…

A: Gross Profit ratio = [(Sales - Cost of goods sold)/Sales]

Q: Cushman Company had $824,000 in sales, sales discounts of $12,360, sales returns and allowances of…

A: Here's how to calculate it:Net Sales:Sales - Sales Discounts - Sales Returns and Allowances$824,000…

Q: If sales revenues are P400,000, cost of goods sold is P310,000, and operating expenses are P60,000…

A: In order to determine the gross profit, the cost of goods sold are required to be deducted from the…

Q: Provide answer of this Question

A: Gross profit, also called gross income measures the company's efficiency in using labor and supplies…

Q: A compeny's net sales were S676,600, its cost of goods sold was $236,810 and its net income was…

A: Gross margin in the business is sales revenue which is over and above it's, cost of goods sold.…

Q: Hayward Co. reported net sales revenues of $20.0 billion and cost of goods sold of $6.1 billion. Its…

A: Gross Profit - Gross profit is a method of calculating total product. If a physical inventory…

Q: For a recent year Best Buy (BBY) reported sales of $39,528 million. It's gross profit was $9,191…

A: Gross margin: Difference between the sales and the cost of goods sold is called gross margin. Gross…

Q: Alpha has assets of $102 millión, costs of goods sold of $24.3 million, and total sales of $97…

A: Cost of goods sold is the amount of cost incurred on the making of the goods. It includes the cost…