has sales of $4,000,000, cost of goods sold of $ 2,250,000, cash on hand of 250,000, net plant and equipment of 1,500,000 and accounts payable of 55,000. Calculate the gross profit.
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- Calculate the net profit for a company given the following information: Total revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $25,000, and Taxes = $10,000.Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.Calculate the net income for a company given the following information: Revenue: $50,000 Cost of Goods Sold: $20,000 Operating Expenses: $10,000 Interest Expense: $2,000 Tax Rate: 25% . .
- o. Horner Corporation reported net sales of $150.000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. 1. Profit margin. 2. Gross profit rate.Selling, general, and administrative expenses were $80,000; net sales were $390,000; interest expense was $16,000; research and development expenses were $34,000; net cash provided by operating activities was $42,000; income tax expense was $10,000; cost of goods sold was $220,000. Gross profit for the period was: Multiple Choice $56,000. $90,000. $170,000. $390,000.A company has Sales of $8,000,000; Accounts Receivable of $250,000; Cost of Goods Sold of $3,800,000; Average Inventory of $850,000. What is its Gross Profit?
- Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. A.) Profit margin. B.) Gross profit rate.What is the Operating Profit? Example: Sales are $2,500,000. Cost of goods sold is $1,710,000 and Administrative expenses are 10%. Depreciation is 6% and the total assest is $4,680,000.Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue's gross profit is equal to Select one: a. 1,070,000 b. $1,100,000 c. $1,500,000 d. $770,000
- Use the following information (in thousands): Sales revenue ¥300,000 Gain on sale of equipment 90,000 Cost of goods sold 164,000 Interest expense 16,000 Selling & administrative expenses 30,000 Income tax rate 30% Determine the amount of income from operationsEdison Co. reported the following for the current year: net sales of $80,000; cost of goods sold of $56,000; net income of $16,000; beginning balance of total assets of $60,000; and ending balance of total assets of $68,000. Compute (a) profit margin and (b) return on total assets.Calculate gross profit when total purchases during the year are Rs. 8,00,000; returns outward Rs. 20,000; direct expenses Rs. 60,000 and 2/3rd of the goods are sold for Rs. 6,10,000.