What is the amount of the gross margin

Assignment Help Accounting Basics
Reference no: EM133139756

Question - For the Gilmore Company, during 2020, merchandise is sold for $142,000 cash and $410,700 on account. The cost of the merchandise (goods) sold is $322,375. What is the amount of the gross margin?

Reference no: EM133139756

Questions Cloud

Ethnicity and diversity in the workplace : Utilizing secondary data research about Air Canada (peer-reviewed journals, published case studies, company websites, google scholar - research articles, videos
How does having multiple recruiting means : How does having multiple recruiting means help Enterprise establish its HR brand?
Compute amazon total liabilities at the end of the year : The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Compute Amazon total liabilities at the end of the year
Assignment on appraisal interview : Sam Maynard was nervous as he walked into John Adam's office for his annual performance evaluations.
What is the amount of the gross margin : For the Gilmore Company, during 2020, merchandise is sold for $142,000 cash and $410,700 on account. What is the amount of the gross margin
Improving meaningful interactions : You are an executive at CIBC. In a recent employee survey, you discovered that your employees would like to have more meaningful interactions at work.
How performance was managed and evaluated : Using your own job (current or past) and briefly discuss how your performance was managed and evaluated.
What is the ending pp&e balance : If you are projecting PP&E, and you know the beginning balance of PP&E is 800, What is the ending PP-E balance
Wiig knowledge management model : Explain in detail the Wiig's Knowledge management model. How is the Wiig KM model related to the Nonaka and Takeuchi model?

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