Solved Revenues Cost Of Goods Sold Operating Expenses Chegg

Solved Revenues Cost Of Goods Sold Operating Expenses Chegg Question: revenues cost of goods sold operating expenses beginning assets beginning liabilities ending assets ending liabilities $50,000 35,000 5,500 350,000 245,000 450,000 255,000 the return on assets is closest to o 2.1%. 0 2.4%. o 3.75%. Last month a company had net sales revenues of $10,000; cost of goods sold of $4,000; other operating expenses of $3,000; non operating expenses of $1,000; no non operating revenues, gains or losses; and income taxes of $500.

Revenues Cost Of Goods Sold Selling And General Chegg Operating cycles er flow of costs 7. a merchandising company may use either a perpetual or a periodic inventory system in determining cost of goods sold. Net income = revenues – expenses in the case of multiple steps, first, the gross profit is calculated by subtracting the cost of goods sold from revenues. then the operating income is computed by deducting operating expenses from gross profit, and finally, the net income calculation is done by adding operating income and non operating items. Financial information is presented below: operating expenses $ 42,000 sales returns and allowances 12,000 3,000 165,000 sales discounts salos revenue cost of goods sold the profit margin would be 96,000 18% 6% 8% 36% what is a difference between the profit margin and the gross profit rate? none, these are interchangeable terms the gross profitrate is computed by taking net sales over gross. During your first week at waterford, you'll be applying many of the concepts that you worked so hard to understand over the course of four grueling years of college accounting classes: sales revenues, cost of goods sold, operating and administrative costs, taxes, interest expenses, and net profit.

Solved Sales Revenue Cost Of Goods Sold And Operating Chegg Financial information is presented below: operating expenses $ 42,000 sales returns and allowances 12,000 3,000 165,000 sales discounts salos revenue cost of goods sold the profit margin would be 96,000 18% 6% 8% 36% what is a difference between the profit margin and the gross profit rate? none, these are interchangeable terms the gross profitrate is computed by taking net sales over gross. During your first week at waterford, you'll be applying many of the concepts that you worked so hard to understand over the course of four grueling years of college accounting classes: sales revenues, cost of goods sold, operating and administrative costs, taxes, interest expenses, and net profit. • revenue in prior year is at p1,500,000 • revenues are projected to grow by 5% year on year in line with inflation. • variable cost of goods sold is projected to be at 30% of revenues, • fixed cost of goods sold is 400,000 including equipment depreciation of 200,000. • operating expense % to revenue is 20% corporate tax rate is 30%. At this point, the income statement will show you a subtotal called gross profits. gross profits are total revenue subtract the cost of goods sold. next, move down to the operating expenses.

Solved Sales Revenue Cost Of Goods Sold And Operating Chegg • revenue in prior year is at p1,500,000 • revenues are projected to grow by 5% year on year in line with inflation. • variable cost of goods sold is projected to be at 30% of revenues, • fixed cost of goods sold is 400,000 including equipment depreciation of 200,000. • operating expense % to revenue is 20% corporate tax rate is 30%. At this point, the income statement will show you a subtotal called gross profits. gross profits are total revenue subtract the cost of goods sold. next, move down to the operating expenses.