WebJun 30, 2024 · The gross sales will be given by: Gross sales=(net sales)+(sales returns)+(discount) ... Thus; Gross Sales=50000+10000+1500 =61,500 The answer is B. $61,500 Advertisement Advertisement New questions in Business. The main types of markets are called _____. residential consumer industrial customer WebUsing the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% …
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WebGiven the information below, what is the gross profit? Sales revenue $ 335,000 Accounts receivable 59,000 Ending inventory 117,000 Cost of goods sold 241,000 Sales returns 29,000 Expert Answer 100% (6 ratings) Sales revenue = $335,000 Sales returns - $29,000 Net sales … View the full answer Previous question Next question WebSep 9, 2024 · Compute the gross profit ratio (GP ratio) of the company. Gross sales: $1,000,000 Sales returns: $90,000 Cost of goods sold: $675,000 Solution: With the help of above information, we can compute the gross profit ratio as follows: = (235,000 * / 910,000 **) = 0.2582 or 25.82% * Gross profit = Net sales – Cost of goods sold = $910,000 – … la turroneria jijona
Williams Company began operations in January 2024 with two...
WebOct 13, 2024 · To calculate your company's breakeven point, use the following formula: Fixed Costs ÷ (Price - Variable Costs) = Breakeven Point in Units. In other words, the breakeven point is equal to the total fixed costs divided by the difference between the unit price and variable costs. Note that in this formula, fixed costs are stated as a total of all ... WebHow rapidly (in how many days) must accounts receivable be collected if management wants to have an average of Rs.50,000 invested in receivables? (Assume a 360-day year.) ... GIVEN, gross profit margin =34% sales = $8.3 … WebComplete the balance sheet and sales information in the table that follows for J. White Industries, using the following financial data: Total assets turnover: 1.5 Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 days Inventory … la turkey season 2022