(1) Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold. To compute: The gross profit ratio for company-A for the years 2016 and 2017.

Question

Want to see the full answer?

Answer 1

Question

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Scarce resource; discontinued product lines; negative contribution marginThe officers of Bardwell Company are reviewing the profitability of the company’s four products and the potential effects of several proposals for varying the product mix. The following is an excerpt from the income statement and other data. Total Product P Product Q Product R Product S Sales $62,600 $10,000 $18,000 $12,600 $22,000 Cost of goods sold (44,274) (4,750) (7,056) (13,968) (18,500) Gross profit $18,326 $5,250 $10,944 $(1,368) $3,500 Operating expenses (12,004) (1,990) (2,968) (2,826) (4,220) Income before taxes 6,322 $3,260 $7,976 $(4,194) $(720) Units sold 1,000 1,200 1,800 2,000 Sales price per unit $10.00 $15.00 $7.00 $11.00 Variable cost of goods sold 2.50 3.00 6.50 6.00 Variable operating expenses 1.17 1.25 1.00 1.20 Each of the following proposals is to be considered independently of the other proposals. Consider only the product changes stated in each…

Analyzing one company's make or buy and special order proposals OneCo is a retail organization in the Northeast that sells upscale clothing. Each year, store managers (in consultation with their supervisors) establish financial goals; a monthly reporting system captures actual performance. OneCo Inc. produces a single product. Cost per unit, based on the manufacture and sale of 10,000 units per month at full capacity, is shown below. Product costs Direct materials $4.00 Direct labor 1.30 Variable overhead 2.50 Fixed overhead 3.40 Sales commission 0.90 $12.10 The $0.90 sales commission is paid for every unit sold through regular channels. Market demand is such that OneCo is operating at full capacity, and the firm has found it can sell all it can produce at the market price of $16.50. Currently, OneCo is considering two separate proposals: · Gatsby, Inc. has offered to buy 1,000 units at $14.35 each. Sales commission would be $0.35 on this special order. ·…

MYS App Ch 1 M Ques M X Chat Use ta gaut Soluta acco a webs a wear a acco calcuTelesa Requ /ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect ework i ces Saved [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed 35,200 units 52,800 units Units completed and transferred out Ending work in process inventory 88,000 units 17,900 units Help Save & Exercise 16-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when…

Answer 2

Question

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Answer 6

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

Answer 7

Chapter 2, Problem 2AA

To determine

(1)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compared with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

The gross profit ratio for company-A for the years 2016 and 2017.

Answer 8

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

Answer 9

To determine

(2)

Gross margin ratio means that ratio which shows the profitability of the company. This ratio is compare with the sale and gross profit. Indirectly this ratio shows the cost of goods sold percentage. Gross profit shows that the difference between the sale and cost of goods sold.

To compute:

Calculate the gross profit ratio for company-B for the last two year 2016 and 2017.

Answer 10

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Answer 11

To determine

(3)

Cost of control is the normal practice that identify the business expense and continue the control the expense and increase the profit as possible. Before the control the expense prepare a proper budget then identify.

To compare:

Compare the result for the company A and company B of cost control in 2017.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 2 - Prob. 1MCQ Ch. 2 - A company uses direct labor costs to apply...Ch. 2 - Prob. 3MCQ Ch. 2 - Prob. 4MCQ Ch. 2 - Prob. 5MCQ Ch. 2 - Prob. 1DQ Ch. 2 - Some companies use labor cost to apply factory...Ch. 2 - Prob. 3DQ Ch. 2 - Prob. 4DQ Ch. 2 - Prob. 5DQ

Solution Summary: The author compares the gross profit ratio for company A and company B for the last two years 2016 and 2017.

Videos

Want to see the full answer?

Chapter 2 Solutions