A companys net sales were 679600 its cost of good sold was

Assignment Help Accounting Basics
Reference no: EM13604360

A company's net sales were $679,600, its cost of good sold was $233,810 and its net income was $36,750. Its gross margin ratio equals (Round your answer to 2 decimal places)?

Reference no: EM13604360

Questions Cloud

Nabor industries is considering going public but is unsure : nabor industries is considering going public but is unsure of a fair offering price for the company. before hiring an
In a diesel engine the piston compresses air at310k to a : in a diesel engine the piston compresses air at310k to a volume that is0.0629of the original volume and a pressure that
It is known that the highest point of the siphon tube is 11 : a group of students is developing a plan to deliver water from a lake to a downhill village. the students plan to use a
Initially the air pressure is 102105 pa but after the oven : an empty oven with a volume of 0.148m3 and a temperature of 306k is turned on. the oven is vented so that the air
A companys net sales were 679600 its cost of good sold was : a companys net sales were 679600 its cost of good sold was 233810 and its net income was 36750. its gross margin ratio
Trying to get the priceearning ratio for the coca-cola : trying to get the priceearning ratio for the coca-cola company for the last 5 years starting in 2011.
Determine the motor torque in foot-pounds required to : a servomotor is connected to a forearm axis drive shaft without any reduction drive components. the maximum weight of
Find and interpret the mean of the sample find and : oil field pipes are internally coated in order to prevent corrosion. researchers investigated the influence that
On october 1 2010 menke co purchased to hold to maturity : on october 1 2010 menke co. purchased to hold to maturity 200 1000 9 bonds for 208000. an additional 6000 was paid for

Reviews

Write a Review

Accounting Basics Questions & Answers

  Statement of cash-flows

A to Z Corporation engaged in the following transaction "Purchased a building for $80,000 cash." On the Statement of CashFlows, the transaction would be classified as __________.

  Basics of income statement from investment

Lyman uses straight-line amortization. Ignoring income taxes, the amount reported in Lyman's 2007 income statement from this investment should be ??

  The journal entry for the sale of a vehicle for cash with a

1.long-term investments assets of a corporation area. amortizedb. depletedc. depreciatedd. not treated as fixed

  A local retail business owner is preparing her june budget

a local retail business owner is preparing her june budget and plans on sales of 11000 units 5 per unit or 55000 with

  How to prepare the bank reconciliation

On July 31, 2010, Fenton Company had a cash balance per books of $6,140. The statement from Jackson State Bank on that date showed a balance of $7,695.80. A comparison of the bank statement with the cash account revealed the following facts.

  Easy decorating uses a job order costing system to collect

easy decorating uses a job order costing system to collect the costs of its interior decorating business. each clients

  What is the effect of each system on the product cost

What are the differences between job cost and process cost systems? When would it be appropriate to use each type of system? What is the effect of each system on the product cost?

  Pedro bourbone is the founder and owner of a highly

pedro bourbone is the founder and owner of a highly successful small business and over the past several years has

  Depreciation calculation procedures

Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine's net income, total profit margin, and cash flow?

  For franklin inc sales is 2000000 fixed expenses are

for franklin inc. sales is 2000000 fixed expenses are 600000 and the contribution margin ratio is 36. what are the

  What will be the effect on net income

Ross would incur special shipping costs of $2 per scale if the order were accepted. Ross has sufficient unused capacity to produce the 2,000 scales. If the special order is accepted, what will be the effect on net income?

  The manufacturing overhead budget of inch corporation is

the manufacturing overhead budget of inch corporation is based on budgeted direct labor hours. the september direct

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!

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