Answer:
COGS= $130,000
Explanation:
Giving the following information:
A retail operation has an average gross margin of 35%.
Sales= $200,000.00
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
Gross margin= sales - COGS
COGS= sales - gross margin
COGS= 200,000 - (200,000*0.35)
COGS= $130,000
Answer:
Lucia's cash flows from operating activities would be:
$132,000.
Explanation:
Accounts Receivable End: $30,000 Beginning: $29,000 = -$1,000
Accounts Payable End: $24,000 Beginning: $26,000 = -$2,000
Net Income : $ 135,000
To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.
Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.
Answer:
(2) Select the add customer button
(7) Select payment and billing
Explanation:
we know here client ask for add a new customer in Quick Books
so we first enter the basic detail of customer like name phone number email id address etc after that we select the add customer button after that also we can edit customer more details
then we have to select customer name from list and then select the edit button that is given top right corner
and if customer is not taxable then we need to enter re seller no whatever they provided
after that we select for payment and billing icon and select payment of method is credit card
last we save it
It is true that morbidity statistics more precisely define the health of a population than mortality statistics.
Morbidity statistics deals with illness within a nation - it is a record about various diseases that people suffer from. So obviously this statistics will be more beneficial for determining the health of a population than a number of dead people.
