Gross profit rate calculator
[DOC File]ANSWERS TO QUESTIONS
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Gross profit Sales [(14,000 X $150) + (24,000 X $405) + (6,000 X $600)] $15,420,000 Cost of goods sold 11,581,770 Gross profit $ 3,838,230 (b) 1. Ending inventory at current cost restated to base cost Portable $ 840,000 ÷ 1.20 = $ 700,000 Midsize 1,200,000 ÷ 1.20 = $1,000,000 Flat-screen 3,220,000 ÷ 1.15 = $2,800,000 2. ... The rate of ...
[DOC File]Calculating break-even: some more examples
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The going rate for a hair-cut in the area is R70, and the business owner decides, wisely, to stick to the going rate. What is his break-even point? Step 1: Work out the gross profit per sale. Gross profit per sale = sales price – cost-of-sale. Therefore . Gross profit per sale = R55. Step 2: Work out the gross profit percentage
[DOC File]Sales Commission Agreement
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This is critical; the method of calculating the commission must be detailed in order to comply with AB 1396 which took effect on January 1, 2013. If the commission is a percentage of profit, or a percentage of gross sales minus cost of goods sold, that must be clear.
[DOC File]CH5 ACCOUNTING QUIZ
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Gross profit $ 31,000. Operating expenses 17,000. Income from operations (c) $ 14,000* Other income and expense 4,000. Net income (d) $ 10,000* (e) Sales $ 99,000* Sales returns and allowances 4,000. Net sales $ 95,000 (f) Net sales $ 95,000. Cost of goods sold 61,000* Gross profit $ 34,000 (g) and (h) Gross profit $ 34,000
[DOC File]MULTIPLE CHOICE QUESTIONS
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d. the overall rate of return on assets. 66. Profit margin is calculated by dividing. a. sales by cost of goods sold. b. gross profit by net sales. c. net income by stockholders' equity. d. net income by net sales. Use the following information for questions 67 – 68.
[DOC File]When we establish the menu price for each treatment we ...
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Base Rate plus Commission-This number is an hourly rate for every hour that staff member is in the spa plus a percentage of the treatment price. Salary-This number is a weekly salary for a specified number of hours per week. This method can include a “team bonus” or “profit sharing” option.
[DOC File]You may use a calculator to do all of the calculations
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You may use a calculator to do all of the calculations. Round all decimals to the nearest hundredth if necessary. ... Profit = Profit of NFC + Profit of NCC = (1000*1000 – 0.3million – 0.6million) + (200000*10 – 1million – 0.05million – 0.85million) =0.2 million ... Calculate the annual inflation rate for the last ten years based upon ...
[DOC File]ALGEBRA UNIT 2
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7. Given the function find the rate of change in the interval [2,10]. 8. Given the function graphed below. Find the average rate of change in the interval . 9. Given the table of values below for a function, find the average rate of change of this function from t = -3 to t = 5. t f(t) -4 6 -3 1 -2 -2 -1 -3 0 …
[DOC File]PRINCIPLES OF FINANCE
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Gross profit margin 40 percent . Tax rate 40 percent. Price to earnings (PE) ratio 14. Shares of common stock outstanding = 500 shares * Operating expenses do not include depreciation. ** Net of accumulated depreciation. Prepare an income statement for ABC. The answer is shown below.
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