Sales Revenue is 110,000 and total expense is 142,660 Determine the Expense-to-Sales Ratio from the Income...
Sales Revenue is 110,000 and total expense is 142,660
Determine the Expense-to-Sales Ratio from the Income Statement using 2008 figures. For this calculation, use Total Revenues for "sales revenue" and Total Expenses for "expense." Remember, your answer must be a percentage, because you're multiplying it by 100.
Homework Answers
The expense to sales ratio helps in determining the relationship between expenses and sales of the company. It can be calculated as follows:
Total expenses / Total Sales * 100
= $142,660 / $110,000 * 100
= 129.70%
The expenses of the company is higher than the revenue at $142,660.
Add Answer to:
Sales Revenue is 110,000 and total expense is 142,660
Determine the Expense-to-Sales Ratio from the
Income...
Calculate: 1)Contribution margin (CM)ratio and variable expense ratio. 2)Break-even point (BEP)...
Calculate:
1)Contribution margin (CM)ratio and variable expense ratio.
2)Break-even point (BEP) in UNIT SALES and RM ( ) using equation
method.
3)If sales increase by RM60,000 for the next month and there is no
change in the cost behavior patterns, how much will the company’s
net operating increase by using the Contribution Margin
(RM)Ratio.
4)Based on the original data, if the company wants to earns a
minimum profit of RM300,000, HOW many units will have to be sold to
meet...
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Calculate:
1)Contribution margin (CM)ratio and variable expense ratio.
2)Break-even point (BEP) in UNIT SALES and RM ( ) using equation
method.
3)If sales increase by RM60,000 for the next month and there is no
change in the cost behavior patterns, how much will the company’s
net operating increase by using the Contribution Margin
(RM)Ratio.
4)Based on the original data, if the company wants to earns a
minimum profit of RM300,000, HOW many units will have to be sold to
meet...
mework:Chapter 10 Saved Cost of sales Income taxes Interest expense Net earnings Sales Earnings before income taxes Selling, general, and administration expense Other revenues Total expenses Total revenues $ 44,814 623 303 1,143 55,371 1,766 8,504 53,621 55,387 Prepare an income statement for the year ended June 30, current year. (Enter your SYSCO CORP. Income Statement (in millions) Revenues: Total revenues 55,387 Prepare an income statement for the year ended June 30, current year. (Enter your answ SYSCO CORP. Income...
Salaries expense $112,000 Sales revenue $475,000 Sales returns 4,400 Interest income 6,000 Utilities expense 6,000 Interest expense | 2,000 Income tax expense 20,000 Rent Expense 8,000 Cost of goods sold 298,000 Inventory (begin) 31,000 Inventory (end) 26,000 Determine: 1. Net sales 2. Gross profit 3. Operating expenses 4. Operating income 5. Pretax income (IBT) 6. Net income 7. Purchases 8. Gross profit ratio (two decimal places) __:__% Use the following for 9 and 10 Units Beginning inventory 20 Purchase 1...
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