User Account

All Pages

Was the gross profit increase caused by an increase in sales

Assignment Help Accounting Basics
Reference no: EM13865741

From last year to this year, Berry Barn reported that its Net Sales increased from $ 300,000 to $ 400,000 and its Gross Profit increased from $ 90,000 to $ 130,000. Was the Gross Profit increase caused by (a) an increase in sales volume only, (b) an increase in gross profit per sale only, or (c) a combination of both? Explain your answer.

Reference no: EM13865741

Questions Cloud

The document uncovered by the environmental working group : The document uncovered by the Environmental Working Group Report refers to the acceptable business risk in the Bhopal operation due to questions about the technology Is it ethical for a company to use business risk as a measure of whether to go ahea..
Techgear is an electronics company in the united states : Techgear is an electronics company in the United States. It uses the LIFO inventory method. You plan to compare its ratios to Eurotext, but you are concerned because Eurotext uses IFRS. What accounting policy difference is certain to exist between th..
Source transformation : Use Source Transformation to find V1 and V2?
What about the general public? : Were the shareholders of Apple entitled to receive information about the health of Jobs? What about the general public? Of what value is such information? How might the company benefit from the disclosure of such information and how might it suffer? ..
Was the gross profit increase caused by an increase in sales : From last year to this year, Berry Barn reported that its Net Sales increased from $ 300,000 to $ 400,000 and its Gross Profit increased from $ 90,000 to $ 130,000. Was the Gross Profit increase caused by (a) an increase in sales volume only, (b) an ..
Project paper related to the community development : A project paper related to the community development. This is the combination of the work on creating a plan to implement the community development process
How can a modern organization blow up the estimation : How can a modern organization blow up the estimation of its stock in order to decrease net pay and the duties is needs to pay that year?
What are the required annual payments on the loan? : What are the required annual payments on the loan?
How many customers does the company serve : What is the current situation in the industry? This description includes the size of the particular industry, trends in the industry, the industry outlook and what is their income? How is the income derived? How do they spend their moneys? What are..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Speculate foreign currency within fiscal year

The transaction gain or loss to be recognized over the term of a forward exchange contract entered into to speculate in a foreign currency within a fiscal year is measured by the difference between the:

  Kelm company purchased a new machine on october 1 2010 at

kelm company purchased a new machine on october 1 2010 at a cost of 120000.the company estimated that the machine will

  Rules of etiquette

1. The rules of etiquette are

  Jason used two assets during 2013 the first was computer

jason used two assets during 2013. the first was computer equipment with an original basis of 18000 currently in the

  Oscar corporation produces and sells three products unit

oscar corporation produces and sells three products. unit data concerning each product is shown below. product x y z

  Sandler company has 6000 units in beginning finished goods

sandler company has 6000 units in beginning finished goods. the sales budget shows expected sales to be 24000 units. if

  What are the tax consequences of the incorporation

David organizes White Corporation with a transfer of land (basis of $200,000, fair market value of $600,000) that is subject to a mortgage of $150,000.

  Produces cat condos that sell for 200 each direct

serber inc. which uses a volume-based cost system produces cat condos that sell for 200 each. direct materials cost 19

  Parent net income reflected use of the equity method

1. If the parent's net income reflected use of the equity method, what were the consolidated retained earnings on December 31, 2010?

  Net income after reconciliation

What is the net income after reconciliation for throughput costing, please include the steps.

  Make the necessary adjusted journal entries

Create the Journal for the transactions and Post these to the T-accounts, create the Unadjusted trial balance and make the necessary Adjusted journal entries

  New machine net present value

What are the annual net cash inflows that will be provided by the new dipping machine? Compute the new machine's net present value. Use the incremental cost approach.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd