Nikkei Corporation, a merchandising company, reported the following results for July. Sales Cost of goods sold $ 4,94,000 $ 1,75,600 Total variable selling expense $ 23,500 Total fixed selling expense $23,000 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 34,800 The gross margin for July is: A. $284,900 B. $227,100 C. $436,200 D. $318,400

wanted account answer

Using the data below, compute lan's return on sales ratio for the month of January. Net Sales $12,000 Cost of goods sold 3,000 Operating expenses 7,000 Other income 500 Income tax expense 1,000 Round answer to the nearest whole percentage.

cost account

Company A sold merchandise for $171,000 cash during July. Returns that month totaled $3,600. If the company's gross profit rate is 40%, the company will report monthly net sales revenue and cost of goods sold of O $167,400 and $100,440. O $171,000 and $100,440. $171.000 and $102,600. O $167,400 and $66,960

account margin requirement

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31e Cash Accounts receivable Inventory E Building and equipment, net Accounts payable Retained earnings $7.300 $38,400 $ 124,898 $22,800 $ 150,000 316-999 a. The gross margin is 25% of sales. b. Actual and budgeted sales data March (actual) May July בוה 21 11 $ 48,498 $69-898 94,000 $45,898 c. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. One-half of a month's inventory purchases is paid for in the month of purchase, the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. f. Monthly expenses are as follows: commissions, 12% of sales, rent, $2,100 per…

What is the gross margin?

General accounting Sum

The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000 Cost of goods sold   134,400 Gross margin   201,600 Operating expenses   145,600 Operating income   $56,000   What is the gross margin percentage? (Round answer to 0 decimal places, e.g. 45%.) Gross margin percentage   enter gross margin percentage rounded to 0 decimal places %