Cost of goods sold $445000 Income tax expense 66000 Operating expenses 341000 Sales 1000000 The profit margin would be 55.5%. 14.8%. 44.5%. 21.4%.
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Cost of goods sold $445000
Income tax expense 66000
Operating expenses 341000
Sales 1000000
The profit margin would be
55.5%.
14.8%.
44.5%.
21.4%.
Step by step
Solved in 2 steps
- Financial information is presented below: Operating Expenses $ 90000 Sales Returns and Allowances 22000 Sales Discounts 9000 Sales Revenue 281000 Cost of Goods Sold 157000 The gross profit rate would be 49.3%. 37.2%. 43.1%. 55.2%.Operating expenses $ 59000 Sales returns and allowances 3000 Sales discounts 5000 Sales revenue 198000 Cost of goods sold 87000 The gross profit rate would be 0.46. 0.56. 0.54. 0.52.Operating expenses $ 49000 Sales revenue 208000 Cost of goods sold 157000 The gross profit rate would be
- Sales is $ 500000 Sales returns and allowance $ 25000 Cost of goods sold 250000 Deternine the Net gales and Gross profitFinancial information is presented below: Operating expenses $ 33000 Sales revenue 211000 Cost of goods sold 129000 Gross profit would be $178000. $ 82000. $ 33000. $ 49000.Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances 8000 Sales discounts 3000 Sales revenue 162000 Cost of goods sold 106000 The profit margin ratio would be 0.28. 0.13. 0.30. 0.14.
- If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.Operating expenses $ 50000 Sales returns and allowances 6000 Sales discounts 5000 Sales revenue 140000 Cost of goods sold 86000 The amount of net sales on the income statement would be $140000. $135000. $129000. $134000.Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000
- Financial information is presented below: Operating expenses $35000 Sales returns and 9000 allowances Sales discounts 3000 Sales revenue 156000 Cost of goods sold 92000 Gross profit would be O $52000. O $55000. O $61000. O $64000.Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 2000 a.OMR 4000 b.OMR 10000 c.OMR 12000 d.OMR 6000Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000