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aliya0001 [1]
3 years ago
10

macarthy landscape supply's selected accounts follow Selling Expenses $12,900 Interest Revenue 900 Net Sales Revenue 134,700 Cos

t of Goods Sold 114,000 Administrative Expense 10,200 compute gross profit percentage
Business
1 answer:
Thepotemich [5.8K]3 years ago
7 0

Answer:

15.37%

Explanation:

Computation of the gross profit percentage

First step is to calculate the Gross profit using this formula

Gross profit = Net sales revenue - Cost of goods sold

Let plug in the formula

Gross profit= $134,700 - $114,000

Gross profit= $20,700

Now let determine the Gross profit percentage using this formula

Gross profit percentage = Gross profit / net sales revenue

Let plug in the formula

Gross profit percentage= $20700/ $134700

Gross profit percentage= 15.37%

Therefore Gross profit percentage is 15.37%

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Systems builders and Customers have a high level of responsibility and should take great care to ensure that any investment in n
ivanzaharov [21]

Answer:

Systems builders and Customers have a high level of responsibility and should take great care to ensure that any investment in new Solutions will deliver shared economic benefits.

Explanation:

The purpose of the interaction between the organization, represented here by systems builders, and the customers is to increase shared value.  This is why in building any customer solution, the organization must exercise responsibility to limit the use of resources so that when new solutions are offered to solve customers' problems, the outcome of the effort yields benefits that the customers will be willing to pay for.  It is when this is achieved that system builders can beat their chests that they have created value that satisfies customers.

7 0
3 years ago
On July 1, 2017, Lopez Company paid $1,200 for six months of insurance coverage. No adjustments have been made to the Prepaid In
Deffense [45]

Answer and Explanation:

The journal entries are shown below:

1. Insurance expense Dr $1,200

         To Prepaid insurance $1,200

(Being the insurance expense is recorded)

2. Supplies expense Dr ($5,000 + $2,000 - $800) $6,200

         To Supplies $6,200

(Being the supplies expense is recorded)

These two above entries should be recorded and the same is to be considered

5 0
3 years ago
Newcastle Enterprises had net income for 2024 of . Newcastle had shares of common stock outstanding at the beginning of the year
Ede4ka [16]

Answer:

1.80

Explanation:

Calculation for the earnings per​ share

First step is to calculate the Average number of common shares outstanding

Average number of common shares outstanding=($39,000 + $43,000) / 2

Average number of common shares outstanding = $41,000

Now let calculate the Earnings Per Share using this formula

Earnings Per Share = (Net income - Preferred dividends) / Average number of common shares outstanding

Let plug in the formula

Earnings Per Share = ($103,000 - $29,000) / $41,000

Earnings Per Share =$74,000/$41,000

Earnings Per Share = $1.80

Therefore the Earnings Per Share will be $1.80

4 0
3 years ago
Which cash flows should be included in the Investing Section of the statement of cash flows under US GAAP?
Andrej [43]

Under US GAAP, the cash flows that should be included in the Investing Section of the Statement of Cash Flows are purchases of physical assets, investments in securities, or the sale of securities or assets.

This implies that US GAAP does not allow interest paid or received and dividends received to be classified under the Investing Section, unlike IFRS that gives entities the flexibility to classify the above items as either investing or financing activities.

Instead, the US GAAP requires that the above items are classified as operating cash flows.

Thus, the only cash flows that are included in the Investing Section of the statement of cash flows under US GAAP are cash flows (inflows and outflows) related to long-term physical assets and investments.

Learn more about the Investing Section of the statement of cash flows under US GAAP here: brainly.com/question/18568838

3 0
3 years ago
Which of the following is likely to require the most education?
ladessa [460]

Answer:

A. Hand packer

Explanation:

Bachelors degree refers to an academic degree (certificate) awarded to a student by a tertiary institution (university or college) after the completion of his or her educational programme.

Additionally, a certification can be defined as a recognition given for completing a course of study or passing an examination. This is to certify that the individual is a professional in that course of study. Some examples are CCNA, Comptia A+, HSE I and II.

A hand packer refers to an individual (employee) who is saddled with the responsibility of packing and/or packaging varieties of finished goods (products) in an assembly line.

Basically, hand pickers are employed to pick and package finished goods into their respective containers so as to get them ready for distribution to the consumers.

Hence, hand packer is most likely to require the most education when compared with a warehouse stocker, curator, and restaurant dishwasher.

7 0
3 years ago
Read 2 more answers
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