subject
Business, 30.03.2020 21:51 breezy974

Earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000, and net income reached $9,000,000, the company's highest ever. Compute the company's gross profit percentage for 2016. g

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:30
On january 1, 2018, johnstone leased an office building. terms of the lease require johnstone to make 15 annual lease payments of $134,000 beginning on january 1, 2018. a 10% interest rate is implicit in the lease agreement. at what amount should johnstone record the lease liability on january 1, 2018, before any lease payments are made?
Answers: 3
question
Business, 22.06.2019 11:50
Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points
Answers: 2
question
Business, 22.06.2019 19:30
He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31
Answers: 2
question
Business, 22.06.2019 21:00
In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs.truefalse
Answers: 1
You know the right answer?
Earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000, and net income...
Questions
question
Mathematics, 05.11.2020 14:00
question
English, 05.11.2020 14:00
question
Business, 05.11.2020 14:00
question
Chemistry, 05.11.2020 14:00
question
Mathematics, 05.11.2020 14:00
question
Mathematics, 05.11.2020 14:00
question
Mathematics, 05.11.2020 14:00
question
Mathematics, 05.11.2020 14:00
Questions on the website: 13722361