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
maxonik [38]
3 years ago
15

Your campus computer store reported Sales Revenue of $175,000. The company's gross profit percentage was 65 percent. What amount

of Cost of Goods Sold did the company report?
Business
1 answer:
vaieri [72.5K]3 years ago
6 0

Answer:

The company reported $61,250 amount of Cost of Goods Sold

Explanation:

As gross profit percentage is the net percentage of sales revenue and cost of goods sold. We can find the cost of goods sold percentage as follow

Gross profit = Sales - Cost of Goods Sold

Placing the percentage

65% = 100 % - Cost of Goods sold

Cost of Goods sold = 100% - 65%

Cost of Goods sold = 35%

Now calculate the value of cost of goods sold using following formula

Cost of goods sold percentage = Cost of good sold / Sales Revenue

35% = Cost of Goods sold / $175,000

Cost of Goods sold = $175,000 x 35%

Cost of Goods sold = $61,250

You might be interested in
A product's ________ identifies the product or brand, describes several things about the product, and promotes the brand.
SCORPION-xisa [38]

Answer: label

Explanation:

Product labels are the piece of material

that are being attached to a product in order for easy identification by consumers in order to know the brand and also to know the contents.

A product's label identifies the product or brand, describes several things about the product, and promotes the brand.

6 0
3 years ago
Leslie Halverson is considering investing in the stock market. She wants to be sure to be able to get her money back whenever sh
Lana71 [14]

Available Options are:

a) growth

b) yield

c) tax consequences

d) liquidity

Answer:

Option D. Liquidity

Explanation:

The reason is that Leslie is worried about having back its money that will be invested in the time of need. So she sure that the amount will be required in the coming future and that she wants to earn a small profit for the time being. So the money worries are also referred to as liquidity concerns.

3 0
3 years ago
What does partnership form of business imply
stiks02 [169]
The answer should be two or more and central
7 0
3 years ago
Read 2 more answers
What is meant by centralised direction
Alla [95]

Centralized direction explain why we often overestimate how well we can predict future actions of others.


I hope that's help:0

5 0
3 years ago
nikolaos is an ordained minister. he moved to indianapolis and lives in the nearby furnished parsonage, which is 1,500 square fe
siniylev [52]

Option D. The way that Nikolaos would be able to determine for the parsonage of the Indianapolis would be: Consult an Indianapolis realtor for a documented quote with comparable listings for the house.

<h3>What is meant by parsonage?</h3>

Old French personage and medieval Latin personagium, both of which imply "home for a person," are the origins of the word "parsonage." A house in the early church was frequently not much more than a priest's place to sleep.

A clergy house is where one or more priests or other religious leaders currently live or previously lived. Such homes may be referred to as manse, parsonage, rectory, or vicarage, among other names.

A recent sale of a property in your neighborhood that is comparable to yours in terms of location, size, condition, and features is known as a "comp," short for "comparable sale."

Comparable (similar) homes have to have equivalent market values, and thus comparable assessed values. Comparing the assessment of your home to the assessments of other comparable homes is one approach to determine whether it has been done fairly or uniformly.

Read more on realtors here:

brainly.com/question/29452584

#SPJ1

Nikolaos is an ordained minister. He moved to Indianapolis and lives in the nearby furnished parsonage, which is 1,500 square feet. His previous role was in Washington, D.C.; the fair rental value (FRV) of his parsonage (1,800 square feet) in Washington was $18,000/year.

How should he determine FRV for the Indianapolis parsonage?

Use the same FRV as the Washington, D.C. parsonage.

Reduce the Washington FRV by the size ratio of the new parsonage to the Washington home.

Estimate FRV based on other properties available in the area.

Consult an Indianapolis realtor for a documented quote with comparable listings for the house.

6 0
1 year ago
Other questions:
  • A company tries to serve the segments whose needs match their _______, and in doing so hope to make very happy and loyal custome
    11·2 answers
  • On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi
    14·1 answer
  • When compared to a mixed-market economy, a command economy typically has
    13·2 answers
  • The primary difference between commodity money and fiat money is that
    8·1 answer
  • Which is an example of thinking at the margin? A. figuring out what you will give up and what you will gain by hiring a new work
    15·2 answers
  • The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $2
    8·1 answer
  • An object that formerly was personal property but has become real property:
    10·1 answer
  • Work in process inventory increased by $20,000 during the current year. Cost of goods manufactured was $180,000. Total manufactu
    12·1 answer
  • The stages of formation of the Psalter may be compared to a(n) _______ .
    11·1 answer
  • Suppose at an output level of 150 units a firm's average fixed cost is $25 and average variable cost is $50. Then the average to
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!