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2 years ago

Fill in the missing amounts.

Business

1 answer:

Marrrta [24]2 years ago

7 0

Answer:

Find my analysis below

Explanation:

The gross profit rate is the portion of net sales earned as gross profit prior to considering operating expenses as indicated by the formula below:

gross profit rate=gross profit/net sales

The profit margin measures the net income as a percentage of net sales

profit margin=net income/net sales

Crane company Sheridan company

Sales revenue $94,200 $103,000

sales returns and allowance $14,000 $3,000

Net sales $80,200 $100,000

cost of goods sold $54,200 $50,000

Gross profit $26,000 $50,000

Operating expenses $14,700 $34,400

Net income $11,300 $15,600

Gross profit rate=gross profit /net sales 32.4% 50.0%

Profit margin=net income/net sales 14.1% 15.6%

Crane company Sheridan company

Sales revenue 94200 =F5+F4

sales returns and allowance =E3-E5 3000

Net sales 80200 100000

cost of goods sold 54200 =F5-F7

Gross profit =E5-E6 50000

Operating expenses 14700 =F7-F9

Net income =E7-E8 15600

Gross profit rate=gross profit /net sales =E7/E5 =F7/F5

Profit margin=net income/net sales =E9/E5 =F9/F5

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Studentka2010 [4]

Answer:

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Explanation:

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Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem

Rashid [163]

Answer:

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = $\sqrt{3*1500*77/23}$ = $\sqrt{15065.21739}$ = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B) Annual holding cost = 23 * 122 / 2 = $1403

C ) Annual ordering costs = 1500/122 * 77 = $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

Explanation:

Annual demand for connectors : 1500

ordering cost ( cost to place and process an order ) : $77

annual holding cost per unit : $23

B) Annual holding cost = 23 * 122/2 = $1403

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D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

daily demand = 1500 / 300 = 50

lead time = 3

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