Sales $185,000 Gross Profit $ 68,500 Calculate GP Ratio Round answers to 0 decimal places.
Q: I need help with this solution and accounting question
A: Step 1: Definition of Cash ProceedsCash Proceeds refers to the actual amount of cash the seller…
Q: do fast answer please
A: Step 1: Definition of Degree of Operating LeverageDegree of Operating Leverage (DOL) measures the…
Q: JBL Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead…
A: The manufacturing overhead rate is used to allocate overhead costs to jobs based on machine hours.…
Q: Given solution fast please
A: To find the percent markup based on selling price, follow these steps:1. Calculate the markup…
Q: After adjustment for the above facts, what would be the net realizable value of accounts receivable?
A: The Net Realizable Value (NRV) of accounts receivable is calculated using the formula:NRV = Accounts…
Q: Please give me correct answer this financial accounting question
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method used to…
Q: explain.The Expenses, Profit & Loss of an organisation are recorded in which account? Current…
A: The correct answer is Nominal Account.Explanation:In accounting, Nominal Accounts are used to record…
Q: Hi expert please given correct answer with General accounting
A: Step 1: Define Sales ReturnsSales Returns refer to the value of goods returned by customers after…
Q: Please explain the correct approach for solving this general accounting question.
A: Summit Retail sets its price as cost plus 75% of the cost. This can be written as:Price = Cost +…
Q: Below is information for Blue Company. Using this information, answer the following questions on…
A: The contribution margin per unit is calculated by dividing the total contribution margin by the…
Q: Variable costs are per unit and total fixed costs amount
A: Step 1: Definition of Contribution MarginContribution Margin represents the portion of sales revenue…
Q: What is the number of days in the cash flow cycle?
A: Understanding the Cash Flow Cycle The cash flow cycle, or cash conversion cycle, quantifies the…
Q: Opereting leverage?
A: The Degree of Operating Leverage (DOL) is a measure of how sensitive a company's operating income…
Q: Please explain the solution to this financial accounting problem using the correct financial…
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's ability to…
Q: Tutor help me.
A: Step 1: Definition of Allowance for Sales ReturnsThe allowance for sales returns is a contra-asset…
Q: Please provide the answer to this general accounting question using the right approach.
A: Step 1: Definition of Job Costing and Overhead RateJob costing is a system used to assign costs to…
Q: i am also posting you can answer my question also you answered my question can i give unhelpful??…
A: To determine the interest collected by the bank, we analyze the bank statement balance.Given…
Q: Robin Corporation has ordinary income from operations of $30,000, net long-term capital gain of…
A: Combine the net long-term capital gain and the net short-term capital loss.Net Capital Loss = Net…
Q: Accounting MCQ 27
A: Explanation of Absorption Costing:Absorption costing is a costing method that includes all…
Q: What is the total amount of property.
A: Provided Data:Land = $210,000Buildings = $1,320,000Equipment = $690,000Furniture =…
Q: General Account tutor please find solution
A: Step 1: Definition of Cash Flow CycleThe Cash Flow Cycle, also known as the Cash Conversion Cycle…
Q: Could you help me solve this financial accounting question using appropriate calculation techniques?
A: Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated by a company…
Q: Expert of Account Solve this asap
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial performance ratio…
Q: I am trying to find the accurate solution to this general accounting problem with appropriate…
A: Solution: Compute the Division's MarginFormula for Margin:Margin = (Net Operating Income ÷ Sales) ×…
Q: I am looking for the most effective method for solving this financial accounting problem.
A: Finding the Actual Return on Plan Assets for 2023The formula for Actual Return on Plan Assets…
Q: I don't need ai answer general accounting question
A: To determine the company's total liabilities, we use the basic accounting equation:Assets =…
Q: The decrease in sales is
A: DOL stands for Degree of Operating Leverage. It measures the sensitivity of a company's operating…
Q: Plz correct solution..
A: The manufacturing overhead rate is calculated using the predetermined overhead rate formula:…
Q: Step by step answer
A: Concept of Budgeted Sales VolumeBudgeted sales volume refers to the number of units a company…
Q: What is the break even sales amount?
A: To find the break-even sales amount, we'll use the formula: Break-Even Sales = Total Fixed Costs /…
Q: provide answer please
A: Step 1: Calculate Equivalent Units• Materials: Since they are 100% complete, the equivalent units =…
Q: Can you explain the steps for solving this Financial accounting question accurately?
A: Step 1: Define Degree of Operating Leverage (DOL)Degree of Operating Leverage (DOL) is a financial…
Q: Help this option
A: Step 1: Definition of High-Low MethodThe High-Low Method is a managerial accounting technique used…
Q: None
A: Step 1: Definition of Labor Rate VarianceLabor Rate Variance (LRV) measures the difference between…
Q: I need help with this financial accounting question using the proper accounting approach.
A: Step 1: Definition of Dividend YieldDividend yield is a financial ratio that measures the income a…
Q: What is this firm's debt-equity ratio?
A: To calculate the debt-equity ratio, we use the DuPont Identity, which expresses Return on Equity…
Q: Given answer with step by step calculation
A: Step 1: Definition of Recognized GainRecognized gain refers to the portion of a realized gain that a…
Q: Financial accounting
A: Step 1: Define Total Manufacturing Cost (Product Costs)Product costs (also known as inventoriable…
Q: Can you please solve this financial accounting problem without use Ai?
A: Step 1: Define Current Assets Current assets are resources that a company expects to convert to cash…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Definition of Overhead Allocation RateThe overhead allocation rate is used to apply indirect…
Q: In the table below, choose the financial instrument to list on the left side that best explains the…
A: 1. SwapExample:"A company contracts with an investment bank to pay the bank prime rate + 1% interest…
Q: Calculate Henderson's net sales for this period
A: Step 1: Definition of Net SalesNet sales refer to a company's total revenue from sales after…
Q: Please provide the correct answer to this general accounting problem using valid calculations.
A: Step 1: Definition of Net IncomeNet income is the amount of profit left over after all expenses,…
Q: Could you explain the steps for solving this financial accounting question accurately?
A: Operating leverage measures how sensitive a company's net operating income (NOI) is to changes in…
Q: Hi expert please given correct answer with financial accounting
A: To determine the result of the disposal transaction, follow these steps:Calculate the book value of…
Q: Please explain the solution to this general accounting problem with accurate explanations.
A: Step 1: Definition of Days in Accounts PayableDays in Accounts Payable measures the average number…
Q: LindaServices had an accounts receivable balance of $88,200 on October 1. During October, the…
A: The amount billed to customers on account during October can be calculated using the following…
Q: none
A: Step 1: Definition of Work in Process Inventory CostWork in Process Inventory refers to the costs…
Q: The degree of the operating leverage is
A: To determine the degree of operating leverage (DOL), we use the formula:DOL = Contribution Margin /…
Q: Kindly help me with this financial accounting questions not use chart gpt please fast given solution
A: Step 1: Definition of Net ProfitNet profit, also known as net income or the bottom line, is the…
Calculate GP Ratio round answer to 0 decimal places.
Step by step
Solved in 2 steps
- Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for exampleSales 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: 2,542,000
- Hi expart give correct answer the general accounting questionGB 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?Ans
