In the given question GP ratio will be 53.4%
Here Net sales= 296000 $
Cost of goods sold= 138000 $
average inventory= 50000 $
Gross profit= Net sales- Cost of goods sold
=296000-138000
=158000
Formula for calculating Gross profit ratio is:
Gross profit/ Net sales *100
= 158000/296000*100
=53.4%
Gross profit ratio is a financial ratio which measures the performance and efficiency of a business by dividing its gross profit by the total net sales. The gross profit ratio can also be expressed in the form of percentage by multiplying the result by 100.
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Answer:
expensive cookware, meat, and cosmetics are sold this way. manufacturer/producer directly to industrial users. this is the most common method of distribution for major equipment used in manufacturing and other businesses. the manufacturer's sales force calls on the industrial user to sell goods or services.
Answer:
$527,615.08
Explanation:
The formula that describes the present value of an investment compounded semiannually is:
For a future value of $630,000 obtained at a 6% annual rate for 3 years, the present value is:
Maria's gift is worth $527,615.08 today.
Answer:
$11000
Explanation:
Depreciation is the reduction in the value of an asset over time due to regular wear and tear. Straight - line depreciation is where the same amount is reduced every year over the life of the asset. It is calculated as (Cost of asset - residual value) / number of useful life years
= ($60000 - $5000) / 5 = $11000
