How prices increase !!!!!
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:
bank reconciliation:
bank balance $16,206
+ outstanding deposits $2,973
- outstanding checks ($3,091)
<u>- NSF checks ($0) </u>
adjusted bank balance $16,088
book reconciliation:
cash account balance $16,124
- bank fees ($45)
<u>+ error on check $698 - $689 = $9</u>
adjusted cash account balance $16,088
Answer:
the first one by the website
Explanation:
the websites name is the eustions name
Answer:
michael jackson it about life
Explanation:
