The gross margin percentage is 12.5%.
Gross income is revenue much less the charges of products bought. Gross profit and gross margin are on occasion used interchangeably. in the meantime, gross margin and gross profit margin also are used interchangeably, Gross profit margin takes the gross income (sales much less value of goods bought) and divides it via sales.
Gross margin is revenue minus the price of goods bought (COGS). Gross margin is now and again used to refer to gross income margin, that's revenue minus price of goods bought (or gross income) divided by means of revenue.
Gross margin equates to internet sales minus the fee of products offered. The gross margin indicates the amount of profit made earlier than deducting promoting, standard, and administrative (SG&A) fees. Gross margin can also be called gross profit margin, that's gross profit divided via net sales.
Farside's sales = (Sales of Carlita * 2) = $120,000*2 = $240,000.
Farside's gross margin percentage
= (Gross margin / Sales) * 100
= ($30,000 / $240,000) * 100
= 12.5%
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Answer:
A subsidiary company is a business that is owned, either partially or completely, by another company. This company is referred to as a parent company.
Explanation:
Your answer to question 1: is A
Your answer to question 2: is B
Answer:
6,000
Explanation:
The computation of the total administrative expense allocated to the Meats department is shown below:
= (Total administrative expenses ÷ total square feet) × meat square feet
= ($15,000 ÷ 3,000) × 1,200
= 6,000
We simply do the proportion based on the meats department by dividing the total square feet
All other information which is given in the question is not considered. Hence, ignored it
Answer:
Dr Dividends payable ($2*42000) $84000
Cr Cash $84000
Explanation:
Initially,on July 15 2017, the necessary entries would be to debit retained earnings and credit dividends payable with $84000 to show that the company owes the shareholders dividends.
On the payment date, the entries would to debit dividends payable and to record outflow of cash used in making the dividends payment,hence cash or bank account is credited as a decrease in cash and corresponding entry posted to dividends payable.