Increase (decrease) in gross margin due to change in units sold A. (P4,800) B. P6.000 D. P16,000 D. P26.000

Q: gross margin percent?

A: We know that Gross Profit = ( Sales Revenue - Cost of goods sold)/Sales Revenue

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A: Gross Profit In a simple term gross profit which is narrated as difference between the revenues with…

Q: Problem 12-2B (Algo) Perform horizontal analysis (LO12-2) The income statements for Galaxy Tennis…

A: Horizontal Analysis is part of the analysis in which individuals get the idea of how the business…

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A: Vertical analysis: It is a method of analyzing the financial statement in which each item is shows…

Q: ! Required information ($ thousands) Net sales Cost of goods sold Current Year $804,234 395,462…

A: Trend analysis is an analysis which is done based on the previous year and current year, in order to…

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A: Return on sales is one of the profitability ratio being used in business. This shows how much net…

Q: Compute the missing term. Dollar Selling Cost Markup Price $836.60 $535.60 O $301 selling price O…

A: Given, Cost = $836.60 Mark up = $535.60

Q: 4. The markup percent is based on cost. Compute the missing terms. Dollar Markup Cost $2,240 Markup…

A: Dollar markup is calculated by multiplying the cost of goods sold by the markup percentage. Selling…

Q: The following is Pharoah Company's income statement for the past year. Sales revenue Cost of goods…

A: The markup is the difference between selling and cost price of the product. The markup percentage is…

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A: Profit Volume Ratio - It is called contribution ratio also, which shows the relationship between…

Q: Compute your total commision if you made 250,000 in sale if your company uses a variable or…

A: The amount of commission is calculated on the sale value and in progressive system with the sole…

Q: a. Date formats b. Profit & Loss Standard report c. % of Income d. QuickZoom e. Without Cents f.…

A: Select the letter of the items given in the question that matches with their definition.

Q: Computation of net income: Net sales 680,400 Less: cost of goods sold (327,600) Gross profit…

A: As requested to Solve Part B so we are answering only Part B.

Q: calculate the net income from the following information: sales $537,000; variable costs $346,800;…

A: Net income, also referred to as net profit or net earnings, is a key financial metric that…

Q: am. 106.

A: Gross Profit MethodIn the gross profit method, a gross profit margin is applied to the selling price…

Q: Using the following data, by how much would taxable income change if LIFO is used rather than FIFO?…

A: Answer:- Taxable income meaning:- To put it succinctly, taxable income is the percentage of an…

Q: Given the information below, what is the profit percent? Round your answer to two decimal places…

A: Given: Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570…