Your answer is correct.Fill in the missing amounts.YanikNunezCompany CompanySales revenue$170,100 198450$ 9,45011340158,760Sales returns and allowancesNet sales189,000Cost of goods sold109,620113400|Gross profit$4914075,600Operating expenses27,17843470Net income$2196232,130Attempts: 1 of 3 used*(b)Calculate the profit margin and the gross profit rate for each company. (Round answers to 0 decimal places, e.g. 15%.)YanikNunezProfit margin1%1%Gross profit rate1%

Name: Your answer is correct.Fill in the missing amounts.YanikNunezCompany
Uploaded: 2022-11-04T13:36:07.000Z
Channel: Bartleby
Description: Your answer is correct.Fill in the missing amounts.YanikNunezCompany CompanySales revenue$170,100 198450$ 9,45011340158,760Sales returns and allowancesNet sales189,000Cost of goods sold109,620113400|Gross profit$4914075,600Operating expenses27,17843

b) Formula to complete gross margin percentage as given below: Gross margin percentage = (Gross…

Business

Accounting

Yanik Nunez Company Company les revenue $170,100 198450 les returns and allowances $ 9,450 11340 158,760 et sales 189,000 ost of goods sold 109,620 113400 ross profit $49140 75,600 perating expenses 27,178 43470 et income 21962 32,130 Atter b) alculate the profit margin and the gross profit rate for each company. (Round answers to 0 decimal p Yanik Nunez ofit margin 1% ross profit rate 7%

Yanik Nunez Company Company les revenue $170,100 198450 les returns and allowances $ 9,450 11340 158,760 et sales 189,000 ost of goods sold 109,620 113400 ross profit $49140 75,600 perating expenses 27,178 43470 et income 21962 32,130 Atter b) alculate the profit margin and the gross profit rate for each company. (Round answers to 0 decimal p Yanik Nunez ofit margin 1% ross profit rate 7%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The summarized balance sheets of Pharoah Company and Sheridan Company as of December 31, 2025 are as follows: Assets Liabilities Capital stock Retained earnings Total equities Assets Liabilities Capital stock Retained earnings Total equities Pharoah Company Balance Sheet December 31, 2025 O $444000. O $297000. O $345000. O $350000. Sheridan Company Balance Sheet December 31, 2025 $2000000 $220000 1000000 780000 $2000000 $1480000 $330000 990000 160000 $1480000 If Pharoah Company acquired a 30% interest in Sheridan Company on December 31, 2025 for $350000 and the equity method of accounting for the investment was used, the amount of the debit to Equity Investments (Sheridan) to record the purchase would have been
please answer question 1,2 and 3 An electrical component manufacturer budgets to sell 35,000 units although the factory has the capacity to produce 40,000 units under normal circumstances. Direct costs per unit are as follows: Wages $2.00 Materials $8.00 Overheads $4.00 Fixed costs for the period are expected to be $200,000. The selling price is $22 per unit. You are going to: Calculate how many units must be made and sold in order to breakeven during the period and then express the information on a CVP chart. 2. Ascertain the budgeted profit for the period, if 35,000 units are sold. 3. State the number of units to be manufactured when the amount of capital invested in this production is $640,000 and the directors require a 20% return on capital employed.
S18-4 Common-size income statement Data for Muller Pty Ltd and Rose Pty Ltd follow: Muller Rose $18 600 $10 600 6 455 3 541 Net sales Cost of sales Other expenses 13 522 4 185 Profit $ 604 $ 893 Requirements 1 Prepare common-size income statements. 2 Which company earns more profit? 3 Which company's profit is a higher percentage of its net sales?
PLZZ EXPLAIN
Please help me with show all calculation thanku
Explain the income statement and balance sheet information based on two tables (250-300) words
Please help me with show all calculation thanku
a company has net sales of 814100 and cost of goods sold of 588100 its net income is 32410 the company’s gross margin and operating expenses respectively
Gulay ni Marites Vegetables Shop Income Statement For the year ended Dec 31, 2022 Net Sales 739,200.00 100.00% COGS (540,600.00) 73.13% Gross Income 198,600.00 26.87% ОРЕХ (120,000.00) 16.23% Net Income before Tax 78,600.00 10.63% Tax Paid (3% of Sales) (22,176.00) 3.00% Net Income After Tax 56,424.00 7.63% The vertical analysis is correct. A False; error for VA of gross income B False; error for VA of net income after tax c) False; error for VA of net income before tax D True
Provide Answer with calculation and explanation
Answer in subparts: A. 0.57895 or 11:19 B. 0.90476 or 19:21 C. 0.3258 Note: Please answer d, e and f only.
Hansaben