Net Sales = $145,347 Employee Meals $1,923 Discounts $221 Coupons/Promotions $988 What is the Gross Sales? O $138.588 O$140,156 O$145.224 O $148 479
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- Homework i A company reports the following sales-related information. Sales, gross Sales discounts $295,000 Sales returns and allowances 5,900 Sales salaries expense Prepare the net sales portion only of this company's multiple-step income statement. Net sales Multiple-Step Income Statement (Partial) Saved < Prev. $ 22,000 11,900 10 of 10 HH hp nQuestion Completion Status: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month Food costs 73,904 25% of Sales Labor costs 45% of Sales Rent and Insurance $1500/month Supplies $2217/month Other expenses $3791/month OA. $51,733 O B. $22,171 O C. $7508 OD. $14,663 QUESTION 8 Calculate the profit margin from the last problem O A. 17.5% OB. 19.84% OC. 18.29% Click Save and Submit to save and submit. Click Save All Answers to save all answers OD.22.22%Question 3: chapter 8 Using the following data, calculate the planned April purchases at cost. (Present your answer rounded to the dollar with a dollar sign and comma separator (i.e. $109,455).) Sales $220,000 BOM Stock for April $380,000 BOM Stock for May $240,000 Markup 51% Markdowns 2.3%
- Next Question 24/10 Find the amount of the credit given to the business, based on the Sales/Refunds record for 09/24/10, after the 2.25% fee is subtracted. Sales Refunds $82.84 $32.06 $69.45 ..... $434.45 $69.19 $235.87 The total amount of credit will be $ $108.53 $123.32 (Round to the nearest cent as needed.) $60.85 $86.23 $139.47 $288.49 $150.28QUESTION 22 Beverage Sales $200K; Beverage Sales% -25; Payroll Cost% - 30; Net Profit - $25k; Gross Margin - $320K. Calculate the following: Payroll Cost - For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).2022 Food Sales Beverage Sales Total Sales Food Cost Beverage Cost Total Cost of Sales Gross Profit Operating Expenses Salaries Wages Employee Benefits Overhead Costs Total Operating Expenses Income Before Taxes $ O a. $223,397 O b. $203,385 O c. $296,192 O d. $210,752 780,000 644,000 1,424,000 100.0 249,600 148,120 397,720 1,026,280 % 185,700 210,752 110,800 426,000 933,252 93,028 The above pro forma projected income statement was partially completed for a restaurant that should open in 2023. Management would like to see what profitability would be if they could predict a 6.0% increase in total sales. Assume Wages will be treated as a variable cost. What will be the total amount (dollars) of Wages on the new income statement with the 6.0% increase in Total Sales?
- Question - Oman Environme ps://www.classmarker.com/online- Question 6 of 16 ABC Computers (January) Actual (OMR) Target (OMR) 277,350 Sales Turnover 325.000 Sales Tax (14%) 38,829 45,500 Net Turnover 238,521 279,500 Labor Costs 166.000 175,000 Other Costs 36.000 41.000 Gross Profit 36,521 63,500 If actual labor costs rise so as to halve their difference from the target, what will be the change in actual Gross Profit? O A) Falls by OMR 4,500 O B) Rises by OMR 4,500 O C) No overall effect O D) Rises by OMR 9.000 Next DOLL4G 4G 7:43 O 80 TP-PRELIMS.docx The adjusted account balances of UTV Corp. for the year ended December 31, 2020 are as follows: Cash and cash equivalents Bank overdraft P400,000 100,000 900,000 Accounts receivable Allowance for doubtful accounts 40,000 Raw materials Goods in process Finished goods Financial assets at fair value through other comprehensive income Land, at fair market value 12/31/20 Building Accumulated depreciation - building Plant and equipment Accumulated depreciation - plant and equipment Patent Goodwill, recognized in Jan. 2019 thru a business combination Note payable, bank - due June 30, 2021 560,000 600,000 1,400,000 2,500,000 1,000,000 6,000,000 1,600,000 2.400.000 400,000 800,000 1,400,000 1,300,000 Note payable, bank - due June 30, 2022 Accounts payable Employee benefit provisions Warranty liabilities Income tax payable Deferred tax liability Accumulated profits, January 1, 2020 Revaluation surplus on Land, January 1, 2020 Unrealized gain on financial assets,…l SUN LTE VPN 10:45 AM 13% A lair.education The following information relates to Jack Company's accounts receivable for year 2: Accounts receivable, 1/1/year 2 P650,000 Credit sales for year 2 2,700,000 Sales return for year 2 75,000 Accounts written off during year 2 40,000 Collections from customers during year 2 2,150,000 Estimated future sales returns at 12/31/year 2 50,000 Estimated uncollectible accounts at 12/31/year 2 110,000 What amount should Jack report for accounts receivable, before allowances for sales returns and uncollectible accounts, at December 31, year 2? Answer: O
- Question Fill in the blanks: FILL - UP THE MISSING AMOUNTS: Sales CGS GP 40% Expenses 421,800 Net Profit 58,200 INSTRUCTIONS: DO NOT USE PESO SIGN AND COMMA IN ENCC COMMA. ALL ANSWERS ARE IN WHOLE AMOUNT, NO CENTS.Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for exampleFULL HD S B Canvas O B O Production period O Cash flow time line. O Inventory flow chart O Customer service line Question 17 1080 Ferry's Furniture Outlet has an accounts receivable period of 50.15 days and an accounts payable period of 39.43 days. The company turns over its inventory 5.41 times per year. What is the length of the company's operating cycle? Assume 365 days per year. O 117.62 days O 28.04 days O 106.90 days O 78.19 days O 89.58 days Question 18 Which statement is true? O A decrease in the accounts receivable turnover rate decreases the cash cycle. 5 pts 5 pts
