A sporting goods store with sales for the year of $400,000 and other income of $32,000 has operating expenses of $123,000. Its cost of goods sold is $207,000. What are its gross margin, operating profit, and net profit in dollars? Show all work.
Westchase Supplies reported sales of $5,000,000, cost of goods sold of $3,200,000, operating expenses of $1,400,000 and income tax expense of $160,000 for the year What was the company’s net income for the year?
how does one prepare a pro forma income with different assumptions given the numbers for current year sales revenue 2,000,000 Cost of goods sold 1,400,000 Gross profit 600,000 Selling & admin.expenses 260,000 Net income 340,000
The glenna gayle company (GGC) had sales of $400,000 in the past year, with operating expenses of $210,000 and cost of goods sold of $70,000. Interest expense was $30.000, and $10,000 in common stock dividends were received. The
Neer Department Store uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at August 31, 2011. Sporting Goods Jewelry and Cosmetics Cost
Future Sporting Goods has traditionally had about 25% of the retail business in Martin County. The total estimated sporting goods business in the county for next year is $15,430,000. What sporting goods business can Future project
Trying to figure out how to do problems like these. So confused! 1. The receivables turnover for 2009 is 10 times. 2. All sales are on account. 3. The profit margin for 2009 is 14.5%. 4. Return on assets is 22% for 2009. 5. The
The matrix below shows the sales, in thousands of dollars, for three different stores over a period of two years. sales store A store B store C year 1[110 250 400] year 2 150 300 350 Each store's profit is 3% of its sales. What is
Absorption Income versus Contribution Margin Income Absorption Income versus Contribution Margin Income Given the computations for both gross profit on sales and contribution margin, can you give specific benefits to be derived
I am having trouble with this problem that is due tonight. Can someone please help!! I am unsure what to do with the information given after the adjusted trial balance. Do I add those numbers into the adjusted trial balance or
Can I please have help with the following problem. Bee Spears Clothing Stores reported sales of $250,000 cost of goods sold of $150,000, operating expenses of $25,000, income tax expense rate of 30% in calendar year 2006, and an
"Genatron wants to estimate what will happen to its income before interest and taxes if its net sales change from the 2012 level of $1,500,000. Refer to Genatron’s 2012 income statement below, where the income before interest