Crane Company has sales revenue of $59000, cost of goods sold of $35000 and operating expenses of $13000 for the year ended December 31. Crane's gross profit is $24000. $11000. $0. $46000.
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- Assume Martinez Company has the following reported amounts: Sales revenue $ 610,000, Sales returns and allowances $ 30,000, Cost of goods sold $ 396,500, and Operating expenses $ 84,000. (a) Compute net sales. Net sales (b) Compute gross profit. Gross profit (c) Compute income from operations. Income from operations (d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.) Gross profit rate %24Car Facts Inc. reports sales of $15,875,118 thousand and cost of sales of $13,691,824 thousand for the fiscal year ended February 28. The gross profit for the year is: Select one: a. $1,464,362 thousand b. 13.80% c. $2,183,294 thousand d. 86.2% e. There is not enough information to determine gross profit.Financial information for Sandhill Company is presented below: Operating Expenses $ 59000Net Sales 250000Cost of Goods Sold 137000 The gross profit rate would be 0.216.0.452.0.548.0.784.
- XYZ Company has the following information for the year: Sales revenue: $500,000 Cost of goods sold: $200,000 Operating expenses: $100,000 Other income: $10,000 Tax rate: 25% Calculate the company's operating income and net income for the year.Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper Natural Dyes’s gross profit percentage for this period? (Round your answer to the nearest whole percent.) a. 36% b. 3.4 times c. 64% d. 17%Financial information is presented below: Operating expenses $ 29000 Sales revenue 223000 Cost of goods sold 161000 Gross profit would be $ 29000. $ 33000. $ 62000.
- Parkside Pool reports net sales of $551,000, gross profit of $198,000, and net income of $34,000. The company's cost of goods sold is: $551,000. $232,000. $353,000. $319,000.TB MC Qu. 2-61 (Algo) The following income statements are provided... The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,200 Sales revenue 009 $71,760 $65,520 Cost of goods sold Gross margin General, selling, and administrative expenses 39,760 36,460 000 17,540 18,820 090 Net income $13,180 $11,520 Assuming that cost behavior did not change over the two-year period, what is the annual amount of the company's fixed manufacturing overhead? Multiple Choice ) $1,810 $3,620 $5,620 None of these < Prev 3 of search ANENThe income statement for Gilmore Uniforms shows gross profit of $143,000, operating expenses of $130,000, and cost of goods sold of $219,000. What is the amount of net salesrevenue?a. $362,000b. $492,000c. $273,000d. $349,000
- During the fiscal year 20x4, the initial inventory of the goods of company A is 15.000 €, purchases of goods for the fiscal year 25.000,00 € and the final stock of goods 10.000,00 €. The revenue from the sales of goods is 75.000,00 €, the operating expenses 30.000,00 € and the tax rate is 40%. An employee of the accounting department registered as the final stock of goods the amount of 12.000 €. What is the effect on the cost of sales during the use of 20X4?A company made net sales revenue of $500,000, and cost of goods sold totaled $300,000. Calculate its gross profit percentage. A. 100% B. 60% C. 315% D. 40%Assume Old Oak Winery made Net Sales Revenue of $73,000 and Cost of Goods Sold totaled $50,000. What was Old Oak Winery's gross profit percentage for this period? (Round your answer to the nearest whole percent.) OA. 2.5 times OB. 4% OC. 32% OD. 68%