Sales $185,000 Gross Profit $ 68,500 Calculate GP Ratio Round answers to 0 decimal places.
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- Sales revenue $104,000 $enter a dollar amount Sales returns and allowances enter a dollar amount 4,000 Net sales 98,000 129,000 Cost of goods sold 64,600 enter a dollar amount Gross profit enter a dollar amount 56,760 Operating expenses 20,400 enter a dollar amount Net income enter a dollar amount 21,930 Calculate the profit margin and the gross profit rate for each company. (Round answers to 1 decimal place, e.g. 75.5%.) Crane Company Sheridan Company Profit margin enter profit margin in percentages rounded to 1 decimal place % enter profit margin in percentages rounded to 1 decimal place % Gross profit rate enter gross profit rate in percentages rounded to 1 decimal place % enter gross profit rate in percentages rounded to 1 decimal place %Calculate the profit margin. Round to 0 decimal places. Net Income: 99,200 Net Sales: 2,542,000calculate this account questions profit ratio
- A company shows the following balances: Sales $1,000,000 225,000 25,000 600,000 13 Sales Returns and Allowances Sales Discounts Cost of Goods Sold What is the gross profit rate? a. 60% b. 80% c. 40% d. 20% ExploreFinancial accounting questionHi expart give correct answer the general accounting question
- GB SalesRevenue 16800 Purchases 12800 Gross Profit 4000 Selling Expenses 2000 Admin Cost 7200 Operating Loss 5200 b) Calculate mark-up (in percentage to 2 decimal places) c) Calculate the margin as a % to 1 decimal place d) What is the operating profit margin percentage if the admin cost is reduced by 60%? Show this to 1 decimal place e) Define the following and provide respective examples with numeric calculations where possible: Trade discountBulk discountEarly settlement discount f) If a company has a mark-up of 37% and sales revenue of £163,970, then what is the cost of sales in whole £’s? g) If a company has a net margin of 15%, gross margin of 35% and costs of sale of £25,000, then what is the sales revenue and overhead?AnsSales Revenue Purchases Gross Profit Selling Expenses Admin Cost Operating Loss GBP 18,600 (18,200) 400 (200) (620) (420) c) Using the information above, calculate mark-up (in percentage to 1 decimal place). d) Using the information above, calculate the margin as a % to 2 decimal places. e) Using the information above, what is the operating profit margin percentage if the admin cost is reduced by 50%? Show this to nearest whole percentage.
