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Tasya [4]
3 years ago
12

Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's g

ross profit margin.
Business
2 answers:
nevsk [136]3 years ago
7 0

Answer: 76.3%

Explanation: Gross profit margin is calculated by dividing the gross profit (difference between revenue and cost of goods sold) by revenue (Net sales). It could be expressed as a percentage by multiplying by 100.

Gross profit margin = (gross profit ÷ net sales) * 100

Gross profit = $3,320

Net sales = $4,350

Gross profit margin = ($3,320÷$4,350) * 100

0.763 * 100 = 76.3%

MAXImum [283]3 years ago
7 0

The correct answer to this question on edgen is

<h2><u>C. 76.3%</u></h2>
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Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $120 per unit. T
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Answer:

Following are the solution to the given question:

Explanation:

                                                  Income statement

sales                                                   39900\times 199 \ \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ \ \ \ \ \  7940100\\\\

The less average cost of variable 39900\times 139  \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 5546100 \\\\

margin for contribution                                                                       2394000\\\\

Lesser fixed costs                                                                                  629000\\\\

Income from of the company or tax                                                   1765000 \\\\

Lower-income tax by 25\%                                                                      441250 \\\\  

after-tax revenue                                                                                    1323750\\\\

8 0
3 years ago
A. store supplies still available at fiscal year-end amount to $1,750.b. expired insurance, an administrative expense, for the f
Pavlova-9 [17]

Answer:

The answer is $1600.

Explanation:

Depreciation Expense store equipment = $1525

accumulated depreciation = $1525

Costs of goods sold = $1600

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3 years ago
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2 years ago
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Answer: Increases by $30,800

Explanation:

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Since the Income for the year 2020 has increased by $38,500, the tax rate needs to be applied to it to see how much goes to retained earnings.

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The beginning Retained Earnings balance Increases by $30,800

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