XYZ Corporation earned $500,000 in revenue for the year. The cost of goods sold was $200,000, and operating expenses amounted to $100,000. Calculate the gross profit and operating profit.
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- During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000, 000. What is the sales margin?During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?XYZ Company has the following information for the year: Sales revenue: $500,000 Cost of goods sold: $200,000 Operating expenses: $100,000 Other income: $10,000 Tax rate: 25% Calculate the company's operating income and net income for the year.
- Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue's gross profit is equal to Select one: a. 1,070,000 b. $1,100,000 c. $1,500,000 d. $770,000Calculate the net profit for a company given the following information: Total revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $25,000, and Taxes = $10,000.Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.
- Cupery Co. has net sales of $105,000, cost of goods sold of $70,000, and operating expenses of $20,000. What is its gross profit and its gross profit rate?During the past year, the company’s financial results reflected the following: Selling, general, and administrative expenses of 200,000 Net sales of 1,200,000 Interest expense of 100,000 Research & development expense of 50,000 Cost of goods sold of 800,000 Income tax expense of 17,500 Calculate gross profit $ for the year.a company reported a sale revenue for $700000. the gross profit margin is 60% and the selling expenses are 10% of the sales revenue. the general and administrative expenses are $77000 and the income tax rate for the current year is 25%. compute the net income
- Calculate the net income for a company given the following information: Revenue: $50,000 Cost of Goods Sold: $20,000 Operating Expenses: $10,000 Interest Expense: $2,000 Tax Rate: 25% . .During the year, net sales were $250,000; gross profit was $100,000; net income was $40,000; income tax expense was $10,000; and selling, general, and administrative expenses were $44,000. Calculate cost of goods sold, income from operations, income before taxes, and interest expense.Amaz-a-nation reported the following data for the year just ended: sales revenue, $1,850,000; cost of goods sold, $860,000; cost of goods manufactured, $566,000; and selling and administrative expenses, $183,000. What is Amaz-a-nation's gross margin?