Given the following information, calculate the gross profit ratio. Particulars Amount (in $) Gross sales $100,000...
Given the following information, calculate the gross profit
ratio.
Particulars Amount (in $)
Gross sales $100,000
Sales returns 10,000
COGS 72,000
Homework Answers
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Given the following information, calculate the gross profit
ratio.
Particulars Amount (in $)
Gross sales $100,000...
Prepare Trading , Profit And loss and Balance Sheet Particulars Dr. Amount (Dhs) Cr. Amount (Dhs)...
Prepare Trading , Profit And loss and Balance Sheet
Particulars Dr. Amount (Dhs) Cr. Amount (Dhs) 300,000 Capital 200,000 Purchases Purchase Returns 10,000 310,000 Sales Sales Retums Opening Stock Cash in Hand 50,000 90,000 65,000 35,000 30,000 Salaries Rent 20,000 20,000 50,000 15,000 Commission received Drawings Wages General Expenses Creditors Debtors Machinery Furniture Land and Building Bank Loan 145,000 100,000 65,000 50,000 170,000 155,000 940,000 940,000 • Closing Stock is 320,000 dhs
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax...
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
calculate the Net Income based upon the following: Sales $100,000 Gross Profit Margin 35% of Sales...
calculate the Net Income based upon the following: Sales $100,000 Gross Profit Margin 35% of Sales Operating Profit Margin (EBIT) 20% of Sales Interest Expense $5,000 Tax Rate 35% A. $6,500 B. $6,000 C. $15,000
Module Two: Merchandising for a Profit Operating Income (Gross Sales and...
Module Two: Merchandising for a Profit Operating Income (Gross Sales and Net Sales) 1. Return Percentages: Customer returns and allowances for Department #620 came to $5,500. Gross sales in the department were $100,000. What percentage of merchandise sold was returned? Customer returns and allowances $5,500 Gross sales $100,000 Return Percentage 2. Net Sales $: If gross sales...
Given the following information, calculate ABC Corp’s Net Income: Sales: $260,000 Cost of Goods Sold: $100,000...
Given the following information, calculate ABC Corp’s Net Income: Sales: $260,000 Cost of Goods Sold: $100,000 Salaries and Wages: $20,000 Rent Expense: $65,000 Advertising Expense: $35,000 Using the above information, calculate ABC Corp’s Gross Profit.
Homework#7b: Instructions: Calculate Gross Profit and Gross Profit Ratio (CHS Learning Objective 5.6 Ratio Analysis) Lincoln...
Homework#7b: Instructions: Calculate Gross Profit and Gross Profit Ratio (CHS Learning Objective 5.6 Ratio Analysis) Lincoln Corporation reported the following amounts at December 31, 2018: net sales revenue S184,000; ending inventory $11,600; beginning inventory S17,200; purchases $60,400 at 1/10, n/30; purchase returns and allowances $1,100; and freight-in $600. (round to one decimal place) A. $119,693 and 65.1% B. $76,507 and 41.6% c. $119,093 and 64.7% D. $75,907 and 41.3% 10
1) Calculate the missing amounts for each company Sales Beginning Inventory Ending Gross COGS Profit Inventory...
1) Calculate the missing amounts for each company Sales Beginning Inventory Ending Gross COGS Profit Inventory Purchases $20,000 $25,000 entory $65,000 $22,000 $30,000 $20,000$50,000 S35,000 Company 1 $100,000 $140,000 $45,000 Company 2 Company 3 Company 4 $45,000 $85,000 $10,000 $30,000 $35,000
Compute net sales, gross profit, and the gross margin ratio for each of the four separate...
Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.). Carrier Lennox Trane York Net sales Gross profit Gross margin ratio Carrier Lennox Trane York Sales $ 152,000 $ 590,000 $ 40,000 $ 259,000 Sales discounts 2,000 13,000 600 4,000 Sales returns and allowances 16,000 6,000 4,100 500 Cost of goods sold 90,852 369,437 26,122 149,646
Gross Profit margin = Gross Profit / Total Revenue, Gross Profit = Sales - Cost of...
Gross Profit margin = Gross Profit / Total Revenue, Gross Profit = Sales - Cost of Goods Sold. Operating Profit = Operating Revenue - Cost of Goods Sold (COGS) - Operating Expenses - Depreciation - Amortization. However, for a hospital, there is no "Cost of Goods Sold", so how to calculate Gross Profit margin and Operating Profit ?
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and...
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2
Prepare Trading , Profit And loss and Balance Sheet
Particulars Dr. Amount (Dhs) Cr. Amount (Dhs) 300,000 Capital 200,000 Purchases Purchase Returns 10,000 310,000 Sales Sales Retums Opening Stock Cash in Hand 50,000 90,000 65,000 35,000 30,000 Salaries Rent 20,000 20,000 50,000 15,000 Commission received Drawings Wages General Expenses Creditors Debtors Machinery Furniture Land and Building Bank Loan 145,000 100,000 65,000 50,000 170,000 155,000 940,000 940,000 • Closing Stock is 320,000 dhs
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Homework#7b: Instructions: Calculate Gross Profit and Gross Profit Ratio (CHS Learning Objective 5.6 Ratio Analysis) Lincoln Corporation reported the following amounts at December 31, 2018: net sales revenue S184,000; ending inventory $11,600; beginning inventory S17,200; purchases $60,400 at 1/10, n/30; purchase returns and allowances $1,100; and freight-in $600. (round to one decimal place) A. $119,693 and 65.1% B. $76,507 and 41.6% c. $119,093 and 64.7% D. $75,907 and 41.3% 10
1) Calculate the missing amounts for each company Sales Beginning Inventory Ending Gross COGS Profit Inventory Purchases $20,000 $25,000 entory $65,000 $22,000 $30,000 $20,000$50,000 S35,000 Company 1 $100,000 $140,000 $45,000 Company 2 Company 3 Company 4 $45,000 $85,000 $10,000 $30,000 $35,000
Calculate Net sales, Gross profits from sales and gross profit margin and profit and loss and Terms are: Sales Sales Discounts (5 %) $16,000 S $105,000 560 $418,000 Net sales Cost of goods sold Gross profit from sales 4,00 31,00 -320.00 215,00 -8.000-64.000 Gross profit margin ratio Gross profit/ Sales) x 100 Operating expenses ?9.000 . 31.000 -22.00? -261,000 106.000 rofit (loss) Quick Study 5-2
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