Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.
Q: Calculate Cost of goods sold from the following? Opening stock OMR 5000, Carriage outwards OMR 2000,…
A: Cost of goods sold = Opening stock + Purchases - Closing stock
Q: Calculate Cost of goods sold from the following? Opening stock OMR 10000, Carriage outwards OMR…
A: Cost of goods sold = Opening stock + Purchases - Carriage outwards - Closing stock
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: Financial information is presented below: Operating expenses $ 20000 Sales returns and allowances…
A: Profit margin ratio is the ratio of Net Income to net sales of the business. profit margin ratio =…
Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…
A: In the above question we have asked to select correct answer from the given options which are as…
Q: Calculate Cost of goods sold from the following? Opening stock OMR 30000, Carriage outwards OMR…
A: The cost of goods sold is calculated as cost of goods that are sold during the period.
Q: Alaliya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales…
A: The term sales revenue represents gross earnings generated by a business entity from selling goods…
Q: Financial information is presented below: Operating Expenses $ 94000 Sales Returns and Allowances…
A: Net Sales = Sales Revenue - Sales Returns and Allowances - Sales Discounts…
Q: A firm had beginning inventory of OR 15000, ending inventory of OR 20000 and cost of goods sold of…
A: Statement of profit and loss account is prepared by a business to determine its financial results…
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: Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and…
A: Net sales = Sales - Return inwards = 10000 - 4000 = 6000
Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…
A: Formula: Cost of goods sold = Opening stock + Purchases - Closing stock
Q: Financial information is presented below: Operating expenses $ 35000 Sales returns and 9000…
A: Gross profit is an excess of revenue over the cost of goods sold.
Q: Financial information is presented below: Operating expenses $ 29000 Sales revenue 223000 Cost…
A: Gross Profit: Gross profit represents the revenue after the deduction of cost of goods sold from the…
Q: Compute the following transactions using multi-step income statement 2. Calculate Sales Returns and…
A: Financial statement means the statement including income statement , balance sheet , cash flow…
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: Use the following selected Information from Letterman Corporation to determine the Year 1 and Year 2…
A: Common size percentage commonly known as vertical analysis is calculated by dividing the amount by…
Q: Calculate Cost of goods sold from the following? Opening stock OMR 30000, Carriage outwards OMR…
A: Note: Carriage outwards and salaries and wages are indirect expenses.
Q: Ameena traders have reported annual sales of OMR 15000, Carriage inwards of OMR 1000, Sales discount…
A: Net sales refer to the amount of sales after deducting the discount and returns from the gross…
Q: Calculate Cost of Goods sold from the following? Opening stock OMR 20000, Carriage outwards OMR…
A: Formula: Deduction of closing stock from Opening stock and purchases derives the cost of goods sold.…
Q: What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales…
A: Total sales = P125,750.00 Cost of sales ratio = 42.25%
Q: If August Sundries uses a multi-step income statement format, what is their gross margin?
A: Gross margin is the amount of profit over Sales Revenue by deducting cost of goods sold. Gross…
Q: A compeny's net sales were S676,600, its cost of goods sold was $236,810 and its net income was…
A: Gross margin in the business is sales revenue which is over and above it's, cost of goods sold.…
Q: Given this information, what is the profit percent? Format your answer to two decimal places and…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Assume the following cost of goods sold data for a company: 2023 $1295360 2022 1209000 2021…
A: Cost of goods sold is the total selling amount of the inventory which is sold by the firm.
Q: Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses…
A: Net Profits: The net profits are the amounts arises where the overall incomes earned are higher than…
Q: which made a gross profit of OR 65000. Opening inventory was OR 24000 and the value of closing…
A: Sales =165000 Gross profit =65000 Opening inventory =24000 Closing inventory =21000 Decrease in…
Q: Calculate the missing Cost of Goods Sold in this multi-step income statement: Sales Revenue $1,500…
A: Formulas: Gross profit = Sales Revenue - Cost of goods sold Operating income = Gross profit -…
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: When calculating Cost of goods sold, we must take the following into consideratiot: OA. Beginning…
A: Cost of Goods Sold = Beginning inventory + Purchase during the year - Closing Inventory
Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…
A: Gross profit = Net Sales - Cost of sales Cost of sales = Net Sales - Gross profit
Q: find costs of goods sold and operating expenses with the following information? Net Income (Net…
A: Costs of goods sold = Sales - Gross Profit Operating expenses = Gross Profit - Net Income
Q: Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return…
A: Formula: Net sales = Sales - return inwards Deduction of return inwards from sales derives the net…
Q: Calculate Sales required to earn a profit of OMR 25000
A: From the sales and profit we can calculate that expenses are as follows. Sales Profit Expenses…
Q: If Swifty Corporation has net sales of $515000 and cost of goods sold of $365000, Swifty gross…
A: Gross Profit: Difference between the sales and the cost of goods sold is called gross profit. Gross…
Q: Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend…
A: GIVEN Year 2 Year 1 Net sales $ 281,700 $ 232,500 Cost of goods sold 150,800…
Q: During the current year, merchandise is sold for $925000. The Gross Profit is $411000. What is the…
A: Gross profit = Sales - Cost of merchandise sold
Q: Alfiya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales…
A: Net sales = Sales - Sales discount - Sales returns
Q: multi-step income statement
A: Multi-step income statement means an income statement in which items are classified according to…
Q: Financial information is presented below: Operating expenses $ 29000 Sales returns and 9000…
A: Gross profit is calculated by subtracting the cost of goods sold from net sales. Net sales are gross…
Q: Financial information is presented below: Operating expenses $ 48000 Sales returns and allowances…
A: Net Sales = Sales revenue - Sales discounts - Sales returns and allowances
Q: Conversion cost during the period? Cost of goods available for sales? Cost of goods sold?
A: Hi student Since there are multiple subparts, we will answer only first three subparts
Q: Compute the following transactions using multi-step income statement 3. Calculate Sales and Net…
A: Answer - Multi-step Income Statement Format : Particulars Amount Sales XXX Less : Sales…
Q: Calculate Cost of goods sold from the following? Opening stock OMR 10000, Carriage outwards OMR…
A: All the cost required to produce goods directly is included in cost of goods sold.
Q: If cost of goods sold is Rs. 680,000 and the gross profit rate is 50%, what is the gross profit?
A: Sales Revenue is the total of cost of goods sold and gross profit of the business. Cost of goods…
Q: Calculate Cost of goods sold from the following? Opening stock OMR 30000, Carriage outwards OMR…
A: Opening stock = OMR 30000 Purchases = OMR 40000 Closing stock = OMR 14000
Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000. a. OMR 6000 b. OMR 5000 c. OMR 2000 d. OMR 4000Calculate gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 4000. a.OMR 24000 b.OMR 20000 c.OMR 8000 d.OMR 12000
- .Calculate the gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return inwards OMR 2000.,Return outwards 5000, Purchases 5000 a. OMR 8000 b. OMR 5000 c. OMR 10000 d. OMR 15000Calculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 30000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000.Financial information is presented below: Operating expenses Sales returns and allowances 3000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 0.40. 0.60. 0.44. $ 45000 0.38. 8000 180000 101000
- The statement of cost of production may be presented with: Statement 1: The beginning and ending work in progress showing the breakdown of direct materials, direct labour and factory overhead Statement 2: The beginning and ending work in progress showing the breakdown of the cost of production according to prime cost and factory overhead Statement 1 and Statement 2 Statement 1 and Statement 2 are incorrectSales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000 Determine the values of Net sales and Gross profit with two serial numbers independent.Alfiya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales Discount of OMR 2000 and sales return of OMR 3000. Calculate net sales? a. OMR 23000 b. OMR 21000 c. OMR 30000 d. OMR 25000
- Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Cost of Goods Sold Gross profit would be $89000 25000 11000 290000 157000(The given is in the photo.) Required: 1. SHOW THE COMPUTATION OF SM-X NET SALES REVENUE. COST OF GOODS SOLD AND GROSS PROFIT FOR THE YEAR ENDED DEC 31 2020Answer the following: 1. How much is the net purchases? 2. How much is the "change in inventory" in 20x1? 3. How much is the cost of goods sold? 4. How much is the total selling expense? 5. How much is the total general and administrative expense?