Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are RO 60,000 the Net profit is: а. 90,000 b. 400,000 С. 340,000 d. 30,000 10:10 am

Q: 15/24 crual Basis Balance Sheet As of December 31, 2024 Dec 31, 24 % of Column 24000 - PayrollI…

A: The question is related to Net Profit Margin. The Net Profit Margin is calculated as under  Net…

Q: Yang Company reported the following balances at June 30, 2020: Sales Revenue HK $32,000 Sales…

A: Net sales represent a company's earnings from sales after subtracting any returns and discounts,…

Q: has sales of $4,000,000, cost of goods sold of $ 2,250,000, cash on hand of 250,000, net plant and…

A: Gross profit is profit from a business which is calculated with the helps of deducting the cost of…

Q: If a business had sales of $4,316,000 and a margin of safety of 20%, the break-even point was Oa.…

A: Total sales = Margin of Safety + Break even point Break even point : At break even point, there is…

Q: Calculate operating margin

A: Operating income means sales revenue minus all operating expenses.That means the gross profit minus…

Q: A retail company TGT has sales of $1,120,000 and total costs of $955,000, including depreciation and…

A: Profit margin = Net profit / Sales * 100

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: 10. Louise Corp. has a contribution margin ratio of 31%, fixed costs of $62,000, and a profit of…

A: Break even point means where there is no profit no loss. Variable cost means the cost which vary…

Q: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…

A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…

Q: Hi expart give correct answer

A: Conclusion:The calculated operating cash flow is $800.So, the correct answer is: D. $800.

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: A company had £270,000 in sales; £150,000 in goods available for sale; ending finished goods…

A: The Beginning inventory can be calculated by adding up ending inventory and deducting net purchase…

Q: If a business had sales of $3,510,000 and a margin of safety of 20%, the break-even point was Oa.…

A: Formulas: Margin of Safety = (Sales - Break even Sales) / Sales

Q: Provide answer of this Question

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

Q: Need help with this question

A: Step 1: Introduction to the Gross ProfitThe gross profit is the surplus of sales revenue over the…

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A: Cost volume profit analysis is the technique used by management for decision making. The methods…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.