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
slamgirl [31]
3 years ago
6

Fill in the missing amounts.

Business
1 answer:
Marrrta [24]3 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

You might be interested in
Whose name is associated with humanism
Svetradugi [14.3K]

Answer:

The major theorists considered to have prepared the ground for Humanistic Psychology are Otto Rank, Abraham Maslow, Carl Rogers and Rollo May. Maslow was heavily influenced by Kurt Goldstein during their years together at Brandeis University. Psychoanalytic writers also influenced humanistic psychology. i hope this helps

Explanation:

7 0
3 years ago
Dss use internal information as well as information from external sources.
koban [17]
True Hope this helps
3 0
3 years ago
Read 2 more answers
Adam Holmes is the Processing Manager of Empire Mortgage Company, a firm that processes loan applications for a number of region
Elina [12.6K]

Answer:

a. <u>Labor variances for 14 PT staff: </u>

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($50 - $52) x 1.40 x 2,604

= $7291.20 (Unfavorable)

Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= [(1.20 * 2,604) - (1.40 * 2,604)] * $50

= [3,124.80 - 3,645.60] * $50

= $26,040 (Unfavorable)

Labor Cost variance = Labor rate variance + Labor efficiency variance

= $7,291.20 (Unfavorable) + $ 26,040 (Unfavorable)

= $33,331.20 (Unfavorable)

<u>Labor variances for 10 SD staff</u>:

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($45 - $47) * 1.20 * 1,600

= $3840 (Unfavorable)

Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= (1.40*1,600) – (1.20*1,600)]*$45

= [2,240 – 1,920] * $45

= $14,400 (Favorable)

Labor Cost variance = Labor rate variance + Labor efficiency variance

= $3,840 (Unfavorable) + $ 14,400 (Favorable)  

= $10,560 (Favorable)

5 0
3 years ago
If your payment history counts for 35% of your credit score and the type of credit you use accounts for 10% of your score, which
ivolga24 [154]
You'll want to establish a clear payment history, your payment history, or also known as your payment performance is the record you have by paying your bills on time, or not.. so yeah just having a clear payment history will help you out alotttt
6 0
3 years ago
Informal logic is __________.
Kobotan [32]
Its the study of formal validity without a focus on everyday usages of critical thinking
5 0
3 years ago
Other questions:
  • Which of the following is most necessary for specialization among producers to take place? A. Free trade B. Competition C. Scarc
    12·2 answers
  • A producer of electronic parts wants to take account of both production rate and demand rate in deciding on its lot sizes. A par
    12·1 answer
  • 1. Identify which responsibility center would best describe the​ following: The production line of American​ Apparel, where clot
    9·1 answer
  • On January 1, 2016, Piper Co., purchased a machine (its only depreciable asset) for $900,000. The machine has a five-year life,
    6·1 answer
  • Hollister Company amended its defined benefit pension plan at the beginning of 2020 and recognized prior service cost of $1,700,
    13·1 answer
  • Who else is sitting somewhere, bored ash, looking for a convo?
    9·1 answer
  • Consider two neighboring island countries called Euphoria and Bellissima. They each have 4 million labor hours available per mon
    12·1 answer
  • quizlet If a country can produce more of a good or service, it has a(n) advantage. If the country can produce a good or service
    5·1 answer
  • In which condition is it an advantage when group incentives encourage competition between groups of employees?
    7·2 answers
  • The most successful job candidates seek to transform themselves from unknown into known quantities through?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!