A department store paid ​66.45$ for Overhead expenses is 16% of the regular selling price and profit is 11% of the regular selling price. During a clearance​ sale, the set was sold at a markdown of 22% What was the operating profit or loss on the​ sale? The operating was?​    profit (loss/profit) ?

Q: Your campus computer store reported Sales Revenue of $175,000. The company's gross profit percentage…

A: Lets understand the basics. Gross profit is a amount which derived by the entity after deducting…

Q: Need Help please provide

A: Step 1: What is Sales:Sales are the primary activity on which the company can earn a profit. There…

Q: During the current year, merchandise is sold for $732,000. The cost of the goods sold is $512,400.…

A: Gross profit percentage is calculated by dividing gross profit by net sales revenue. Gross profit…

Q: What is the total gross pay for a salesperson on a straight commission of 4.7% if his or her sales…

A: Total gross pay is the net earning of the salesperson who is involved in increasing the sales volume…

Q: 9. Muscat company, reported the following results for January: Number of units 10,000 Selling price…

A: Merchandise used = Beginning Merchandise  + Merchandise  purchased - Ending Merchandise  = $5000 +…

Q: Boston Company sells ten items for $1,100 per unit and has a cost of goods sold per unit of $660.…

A: Gross profit: The difference between the sales and the cost of goods sold is called gross profit.…

Q: Calculate the missing information based on the format of the income statement. Net sales :…

A: Net Sales are of $4,236,000 Gross margin is of $1,830,000 Net profit of $659,500   To Find: Cost of…

Q: During the year, net sales were $131,000; gross profit was $53,000; net income was $21,500; income…

A: An income statement is a financial statement which shows a company's income and expenses. It also…

Q: Bogs company has a net profit margin of 5%, an operating profit margin of 10%, and a gross profit…

A: Gross Profit = Sales Revenue x Gross Profit Margin Cost of Goods Sold = Sales - Gross Profit

Q: Data Table Sales 24 90,000 S 104,000 $ 65,600 (f) Sales Returns and Allowances 920 (b) 1,610 840…

A: Different given values are to be used to find the required data.

Q: Using the data below, compute lan's gross profit percentage for the month of January. Net Sales Cost…

A: Step 1: Compute the gross profit as follows:

Q: Prepare the balance sheet and the income statement

A: The Income Statement is among a company's primary financial statements that illustrate its income…

Q: A retailer has net annual sales of $3,000,000. Retail expenses are $260,000. Net profit is $400,000.…

A: Answer:- Maintained markup percentage (retail) = (Retail expenses + Net profit) / Net annual…

Q: Chili Manufacturing Company Income Statement Month Ended June 30, 2018 Net Sales Revenue Cost of…

A: The following computations are done for Chili Manufacturing Company.

Q: Zara retailer has an inventory turnover in the amount of 2.1, it’s average inventory is 15,500…

A: Inventory turnover ratio is the ratio between the cost of goods sold and average inventory.

Q: A company had £270,000 in sales; £150,000 in goods available for sale; ending finished goods…

A: The Beginning inventory can be calculated by adding up ending inventory and deducting net purchase…

Q: Find the gross margin percent with the following figures: Round to 2 decimal points. Net sales…

A: GROSS MARGIN Gross margin is the ratio between Gross Profit & Net Sales Revenue. Gross Profit is…

Q: Pet Value paid $114 for a dog bed. Expenses are 23% of selling price and the required profit is 21%…

A: As per the given information: Amount paid for a dog bed - $114Expenses - 23% of selling…

Q: During its first year of operations, Mack's Plumbing Supply Co. had sales of $550,000, wr off $8,800…

A: Accounts Receivable -The amount that a business retains as cash on hand for supplying goods or…

Q: Financial information is presented below: Operating expenses $38,000 Sales returns and…

A: The gross profit margin shows how much money your company made after deducting its operating…

Q: Please give me answer

A: Step 1: Introduction to the Ending Finished GoodsGoods can be defined as the finished products…

Q: Consider the following data: Sales -- P 100,000; Gross Profit rate based on sales -- 30%; Goods…

A: Ending Finished goods =  Goods Available for Sale - Cost of goods sold where, Cost of goods sold =…

Q: What is the cost of goods sold?

A: Retail inventory method refers to an accounting method which is used by the companies to compute the…

Q: Using the information below, calculate gross profit for the period. Sales $1,264,000 Selling…

A: Gross profit :— Gross profit is the profit of a business makes after subtracting all the costs that…

Q: What is the gross margin percentage

A: Gross margin is the net gain an entity recieved on selling goods without considering expense that is…

Q: Given: The Company showed a net loss of P140,600 with Cost of Goods Sold of P546,900 which is 60% of…

A: Formulas: Total expenses = Net Loss + Gross profit where, Gross profit = Sales - Cost of goods sold

Q: Cost 500,000.00 1,285,000.00

A: The average cost method is given as,

Q: The cost of goods sold     was computed at P12,250. Total sales for the year were P42,950, of which…

A: Inventory turnover ratio = Cost of goods Sold/(Average inventory during the period) Average…

Q: the information of the firm using the average cost method is as follows: Quantity unit price 200 10…

A: INVENTORY VALUATION Inventory Valuation is a Method of Calculation of Value of Inventory at the End…

Q: GREEN Enterprises reported the following information for the current year: Inventory, January 1…

A: Solution..   Beginning inventory = P2,300,000  Purchase = P7,105,000  Purchase return and allowances…

Q: A company reports the following amounts at the end of the year: Sales revenue Cost of goods sold Net…

A: Sales revenue$310,000Less: Cost of goods sold210,000Gross profit$100,000

Q: Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the…

A: Cost of goods sold is the cost of goods which is sold by the company. The cost of goods sold is the…

Q: You own a store. Beginning inventory on January I was $4,000. Ending inventory on December 31 was…

A: a. Cost of goods sold (COGS) for the year = Beginning inventory + Purchases - Ending Inventory =…

Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…

A: In accounting gross profit refers to the profit that a business earns from selling its products…

Q: The gross margin for Corona Company for the third quarter of the year was R3 250 000,  when sales…

A: Cost accounting is one of the branches of accounting, under which all costs are being analyzed and…

Q: Nizwa Company had the cost of goods sold of $ 160,000 and inventory balance was $23,000. What is the…

A: Inventory turnover ratio = cost of goods sold / average inventory

Q: Cushman Company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of…

A:

Q: Given below are the account balances for Charlie Company: Gross sales - $92,000 Sales returns and…

A: Step 1: Calculate net sales.Net sales = Gross sales - Sales returns and allowancesNet…

Q: Cushman company had $820000 in sales, sales discounts of $12,300, sales returns and allowances of…

A: Gross profit is the difference between net sales revenue and cost of goods sold. Net sales revenue…

Q: In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of…

A: The cost of goods available for sale is the cost that is incurred to produce the goods that are…

Q: What are the net sales from the following income statement? Income Statement Sales Returns $12,900…

A: Introduction: An income statement is a financial statement that shows a company's income and…