1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vaieri [72.5K]
2 years ago
5

a company reported a gross profit percentage of 20% with net sales of $347,800. What is the amount of cost of goods sold

Business
1 answer:
stellarik [79]2 years ago
5 0

Based on the information given the amount of the cost of goods sold is:$278,240.

<h3>Cost of goods sold</h3>

Using this formula

Cost of goods sold=(1-Gross profit percentage)×Net sales

Let plug in the formula

Cost of goods  =(1-.20)×$347,800

Cost of goods sold=.80×$347,800

Cost of goods sold=$278,240

Inconclusion  the amount of the cost of goods sold is:$278,240.

Learn more about cost of goods sold here:brainly.com/question/24561653

You might be interested in
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second
Phoenix [80]

Answer:

The correct answer is option b.

Explanation:

GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.  

So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.  

Increase in GDP

= $3 + $2

= $5

8 0
3 years ago
asmine Smith owns a condo worth $250,000, a car valued at $15,000, and miscellaneous assets worth $7,500. She owes $190,000 on t
tester [92]

Answer:

The total liabilities amounts to $200,000

Explanation:

The total liabilities of Asmine Smith is computed as:

Total Liabilities = Owing on Condo + Owning a Car

where

Owning on Condo is $190,000

Owning a Car is $10,000

Putting the values above:

= $190,000 + $10,000

= $200,000

Note: Sum Insured under the Insurance Policy, is neither a liability nor assets. And Premium paid is an expense, will be treated as Current Assets.

4 0
3 years ago
Which expense contributes to a business’s semi-variable cost?
motikmotik

for Plato the correct answer is D. overtime (wages) paid to workers :)

6 0
3 years ago
Jay-cee corporation had 20,000 shares of $4 par value common stock outstanding on january 1. on january 20, the company purchase
Tatiana [17]
19000 x 5 = $95,000 total to common
3 0
3 years ago
The integration of the lowest level of the WBS with the organizational units responsible for performing the work is known as
Marrrta [24]

Answer:

Organization breakdown structure.

Explanation:

This structure is used to show the people who would be working on a project.

Organization Breakdown Structure is in hierarchy and it explains the built organizational framework useful for project planning, resource management, time and expense tracking e.tc. it tells us the Employees that have been assigned to do particular projects, using knowledge, skills and the ability to do a task from start till finish.

3 0
3 years ago
Other questions:
  • Marigold Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 12,000 units in February, and 13,50
    12·1 answer
  • You are working at a practice that has a very busy daily schedule and needs to standardize the times when statements are handled
    5·1 answer
  • Suppose a perfectly competitive​ firm's total cost of production​ (TC) is:
    8·2 answers
  • Blue Jeans Co.., can produce 1,300 pairs of pants per hour, at maximum efficiency. There are three eight-hour shifts each day. D
    13·1 answer
  • Gordon Chemicals Company acquires a delivery truck at a cost of $35,400 on January 1, 2017. The truck is expected to have a salv
    5·1 answer
  • Tammy's take-home pay is $800 a month. 7% of her take-home pay is spent on her cell phone bill. how much is tammy's monthly cell
    10·2 answers
  • Airline companies around the world are experiencing increased costs in part due to _________.\
    14·1 answer
  • Account classifications include assets, liabilities, stockholders’ equity, dividends, revenues, and expenses. Required: For each
    8·1 answer
  • On October 1, year 14, Park Co. purchased 200 of the $1,000-face-value, 10% bonds of Ott, Inc., for $220,000, including accrued
    11·1 answer
  • What is the difference between time work and piece work rates​
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!