Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Percent Amount of Markup Based on Item Cost (in $) Selling Price Markup (in $) Selling Price Bicycle $ 146.17 $ 9.33 $155.50 60%

Q: During the current year, merchandise is sold for $8,780,000. The cost of the goods sold is…

A: Given: Merchandise sold =$8780000Cost of goods sold =$5531400

Q: Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled…

A: Gross profit = Sales - Cost of Goods Sold                     = $90,000-$58,000…

Q: Income statement in $ Sales COGS Gross profit 300000 Operating expenses 200000 EBIT Interest…

A: The cost of goods sold is the cost of producing or acquiring the goods sold during the year. Direct…

Q: Use the following information to determine the Prior Year and Current Year trend percents for net…

A: Trend analysis is the tool used to analyze the financial statements. It is the also used to predict…

Q: Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and…

A: Sales = OMR 20000 Cost of goods sold = OMR 8000 Return inwards = OMR 6000 Net sales = Sales-Return…

Q: Complete the table below. Rate of Rate of Price of Markup Based on Markup Based on Cost Markup…

A: Markup:- It is the margin that is over the cost and included in the selling price is known as…

Q: Khalld Compony sold goods on January t, for OMR25,000, with credit terrms ol 3/10, n/30. How much…

A: when you see an invoice that states '3/10 net 30', it means that customers can receive a 3% discount…

Q: If the cost of goods sold is $100,000 and the ending finished goods inventory is$30,000 higher than…

A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…

Q: If the sales are 105000 $ and cost of goods sold is 45000 $. Current/noncurrent rate method is used.…

A: Income statement is a financial statement which shows income and expenses of the business. All…

Q: If the total sale is P125,750.00, the cost of sales is 42.25% of the total sales, and the operating…

A: Total sales = P125,750.00 Cost of sales = 42.25% Operating expenses = P15,429.30

Q: Find the gross margin percent when: Gross sales 435,000 Customer returns and allowances 49,000…

A: Net Sales = Gross Sales - Customer returns and allowances = 435,000 - 49,000 = 386,000   Gross…

Q: Perform a vertical analysis for the entry "Gross Sales" on the portion of an income statement shown…

A: Particulars Amount % of Net Sales Revenue     Gross Sales $182000 107* Less: Sales Return…

Q: Calculate the missing items in the following. Enter all numbers as positive values. Sales Returns…

A: Formula: Net sales = Sales - Sales returns and allowances. Deduction of sales returns and allowances…

Q: Neal's Photographic Supplied sells a Pentax camera for 440.98. The markup is 86% of cost. How much…

A: Selling Price = 440.98 Markup = 86% of Cost   How much store pay for this camera = Cost Price = ?…

Q: Calculate the cost of goods available for sale using the following data: Purchase P 80,000…

A: Cost of goods available for sale: Cost of goods available for sale is the sum of Beginning inventory…

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Total cost = Cost of goods sold + Operating expenses = 134,400 + 145,600 = $280,000

Q: Calculate the gross earning for an apple picker based on the following differential pay scale:…

A: The gross earning depends on the apples picked and the varying pay scales.  The first 1000 apples…

Q: Use the following information to determine the Prior Year and Current Year trend percents for net…

A: Formula: Trend Percentage = Current year sales / prior year sales Division of current year sales…

Q: Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled…

A: Gross Profit Percentage: Gross profit percentage is the financial ratio that shows the relationship…

Q: owing A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections…

A: In Philippines Vat rate is 12% in general. It is charges at 12% on sale of goods and properties. It…

Q: A t-shirt originally sold for RM15 and was marked down to sell for RM8. Find the markdown and rate…

A: Markdown = Sales price - Price after marked down to sell Rate of Markdown = Markdown /  Sales price

Q: If Sales revenue is SR 26,000, beginning finished goods inventory is SR 8,000, ending finished goods…

A: Cost of goods sold: All the expenses that are incurred in making a product are called Cost of Goods…

Q: A department store paid $30.94 for a salad bowl. Overhead expense is 23% of the regular selling…

A: In order to determine the profit, the cost of goods sold are required to be subtracted from the…

Q: f. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of…

A: Inventory: Inventory refers to the stock of goods purchased, utilized and maintained by the company…

Q: Cherokee Inc. is a merchandiser that provided the following information: Amount 12,000 $ $ 2$ $…

A: SOLUTION- FORMULA- NET INCOME =REVENUE - EXPENSES. DEDUCTION OF EXPENSES FROM REVENUES DERIVES THE…

Q: sing the financial information presented below:             Operating Expenses  $ 55,000…

A: Answer 1) Formula: Gross Profit = Net Sales – Cost of Goods Sold Gross Profit = (Sales – Sales…

Q: GB SalesRevenue                      16800    Purchases                            12800 Gross…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Having the following information, Determine the nee 1. The selling price of each unit is $ 40.5 2.…

A: Selling price =40.5 Mark up=11% Cost =40.5/1.11 Total cost =36 manufacturing costs =36×0.80=28.8…

Q: An appliance store sold GS coffeemakers for $22.95 If the store's markup is 40% of the regular What…

A: Given information : Selling price of coffee makers = $22.95 Purchase price of coffee makers = $36…

Q: ior Year and Current Year commonsize percents for cost of goods sold using net sales as the base…

A:

Q: Using the financial information is presented below:             Operating Expenses  $ 55,000…

A: Solution: Net sales = Sales - Sales returns and allowances - Sales discount = $160,000 - $13,000 -…

Q: .Calculate the gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and…

A: Net sales = Sales - Return inwards  = OMR 25000 - OMR 2000 = OMR 23000

Q: Calculate the following: Company A Mark -  up                             25 percent Sales…

A: Gross profit is the difference between sales and the cost of sales. Mark up is always calculated on…

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Gross margin % = (Gross margin / Sales) x 100 = (201,600/336,000)*100 = 60%

Q: The MER-92566 merchandising company reported the following information for last year: Amount 24…

A: Contribution margin per unit = Selling price - Variable cost per unit

Q: I honestly need help on FIFO, LIFO, weighted average, and specific method on these chapter 7…

A: Weighted Average method is used to calculate COGS (Cost of goods sold) and inventory when it is…

Q: ory is $10,000. the merchandise purchases are $110,000, and the ending merchandise inventory is…

A: Solution: Cost of goods sold = beginning inventory + purchases - ending inventory

Q: Use the following data to prepare card store by using Fifo method, Lifo method and av. cost: 1-1/6…

A: Solution-                                                              Fifo method   Date…

Q: A store pays $60 for a set of cookware. Overhead expense on each cookware is 6% of the selling price…

A: Given information:  1)Cost for set of cookware = $60              2)  Overhead expenses=6% of…

Q: Cost of Goods Sold is 60% of Sales, Purchases is P20,000, Inventory ending is P5,000 higher than…

A: The cost of goods sold includes the total cost of goods that are sold during the period.  Cost of…

Q: An item costs a store $15 from the manufacturer. The store plans to sell the item at 80% of the…

A: Given that the cost of the item is $15Selling price is 80% of the cost.With the given information,…

Q: Last year, the following inventories at cost were taken at the Smoke Shop: $7,260 $6,834 $6,726…

A:

Q: An item costs a store $25 from the manufacturer. The store plans to mark up the item at 80% of the…

A: Data given: Cost = $25 Mark up= 80% of cost   Required: Sticker price   Working Note #1 Calculation…

Q: A department store paid $47.88 for a dinner plate set Overhead expense is 21% of the regular selling…

A: Answer: Calculation of the operating profit or loss on the sale: Operating profit or loss = Sales -…

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Markup percentage = (Gross margin / Cost of goods sold) x 100

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.