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
Mumz [18]
3 years ago
12

A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the co

st of goods sold?
Business
1 answer:
GarryVolchara [31]3 years ago
8 0

Answer:

COGS= $130,000

Explanation:

Giving the following information:

A retail operation has an average gross margin of 35%.

Sales= $200,000.00

<u>To calculate the cost of goods sold, we need to use the following formula:</u>

Gross margin= sales - COGS

COGS= sales - gross margin

COGS= 200,000 - (200,000*0.35)

COGS= $130,000

You might be interested in
On April 1, 2016, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:A.
kompoz [17]

Answer:

The  solution and the calculation is shown on the first , second , third and  fourth uploaded image  

Explanation:

6 0
3 years ago
The price of houses in Bellevue area has been increasing by 10% since last year, according to Zillow.coma.) This is a normative
Andre45 [30]

Answer:

option D  This is a positive statement

Explanation:

According to the Positive statement , it is factual and simply describing in nature.

The statement is not judgmental in nature.

While the Normative statement is judgmental in nature

Also, normative statement specifies what ought to be done.

In the statement given in the question, fact is providing about the Bellevue area by Zillow.com.

4 0
3 years ago
Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment
Mars2501 [29]
I think the answer is A) Security dealers
6 0
3 years ago
Calculating Earnings Per Share, Price-Earnings Ratio, and Book Value. As a stockholder in Bozo Oil Company, you receive its annu
Aleonysh [2.5K]

Answer:

a) EPS 2.367 dollars

b) price-earning ratio 15

c) book value of a common share 5.33

Explanation:

a) earning per share: income / shares outstanding

2,000,000 / 750,000 = 2.67

b) price / EPS

40 / 2.67 = 15

c) We determinate this using the accounting equation:

Assets = Liab + Equity

   Assets    9,000,000

  Liabilities<u> 5,000,000</u>

  Equity      4,000,000

equity / shares outstanding:

4,000,000 / 750,000 =  5.3333

5 0
3 years ago
Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics
Lera25 [3.4K]
The answer is A,C,E, and f
5 0
3 years ago
Other questions:
  • Of the seven different personality dimensions (Big Five, locus of control, self-monitoring) which is most important to organizat
    9·1 answer
  • An analyst with a national ratings agency is concerned about a firms ability to meet its short term obligations. To evaluate the
    10·1 answer
  • Sean and Yvette Durand live in Swarthmore, PA. Their son, Bob, owns his own plumbing business.
    13·1 answer
  • The current stock price of Alcoco is $70, and the stock does not pay dividends. The instantaneous risk-free rate of return is 6%
    9·1 answer
  • When demand is unit elastic, price elasticity of demand equals a. 1, and total revenue and price move in the same direction. b.
    13·1 answer
  • The question "What information does a person or an organization have a right or a privilege to obtain?" is part of this ethical
    15·1 answer
  • What is scarcity? I need to know
    11·2 answers
  • You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are m
    5·1 answer
  • I wanna finish this today HELP
    11·1 answer
  • ____________ is the study of how individuals, institutions, governments, and businesses acquire, spend, and manage money and oth
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!