Calculate the percentage gross margin

Assignment Help Accounting Basics
Reference no: EM132459385

Problem 1. Calculate the percentage gross margin (i.e., total net sales less cost of sales sold divided by total net sales, where "total net sales" is "net sales" plus "net sales to related parties") for the fiscal year ending on Dec. 31, 2012 assuming U.S. Steel Corporation had used the FIFO cost flow assumption for its entire inventory.

Reference no: EM132459385

Questions Cloud

What is the alpha of stock : What is the alpha of each stock? Plot the SML and each stock's risk-return point on one graph. Show the alphas graphically.
How much would operating cash flows change for fiscal year : If U.S. Steel Corporation were to use the FIFO cost flow assumption for its entire inventory, by how much would Operating Cash Flows change for the fiscal year
What is the current yield today : In November 2016 (just after that year's coupon had been paid) you bought the bond at a price of £96.76. It is now exactly one year later and you have just sold
What is the operating cash flow : The tax rate is 35%. What is the operating cash flow (in year 1, 2, 3, and 4 separately) for this project?
Calculate the percentage gross margin : Calculate the percentage gross margin for the fiscal year ending on Dec. 31, 2012 assuming U.S. Steel Corporation had used the FIFO cost flow assumption for it
What the depreciation expense : The company had costs of $77,535, dividends of $3,640, and interest expense of $2,920. If the tax rate was 40 percent, what the depreciation expense?
How much must richard save each month in the college : a) How much must richard save each month in the college savings plan? b) How much must he pay each month towards his debts?
Calculate us steel corporations percentage gross margin : Calculate U.S. Steel Corporation's percentage gross margin (i.e., total net sales less cost of sales sold divided by total net sales, where ")
Daily transactions of liberty physical therapy : Lynne Jamison was recording the daily transactions of Liberty Physical Therapy, Inc., into the accounting records so she could prepare financial statements

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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