Chapter 11, Problem 1PSA

General Accounting Question

Suppose Austin Sound had sales of $300,000 and sales returns of $45,000. The cost of goods sold was $152,000. How much gross profit did Austin Sound report? a. $148,000 b. $103,000 c. $255,000 d. $88,000

general accounting question

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what is the operating cash flow (OCF)?

Everest Sports Gear sold 52,000 units last month. The total sales revenue was $430,000, total variable expenses were $328,600, and fixed expenses were $60,000. 1. What is the company's contribution margin ratio? 2.Estimate the change in net operating income if total sales increase by $3,800.

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What are the total fixed cost?