Your Company reported net sales in June of $500,000. At the beginning of June, the company reported beginning inventory of $375,000. Cost of goods purchased during June amounted to $164,500. The company reported ending inventory at the end of June of $210,500. What was the company's gross profit margin for June

Answers

Answer 1

If your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500.  The company's gross profit margin for June is : $355,500.

Using this formula

Gross profit margin =Net sales- Cost of goods purchased

Where:

Net sales=$500,000

Cost of goods purchased=$164,500

Let plug in the formula

Gross profit margin=$500,000-$164,500

Gross profit margin=$355,500

Inconclusion if your Company reported net sales in June of $500,000. Cost of goods purchased during June amounted to $164,500.  The company's gross profit margin for June is : $355,500.

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Related Questions

Define sociology? Types sociology?

Answers

Explanation:

Sociology is the study of social change, social life, and the social causes and effects of human behavior.

The two major types of sociology that were joined are qualitative and quantitative. Quantitative has to do with how much/ numbers while qualitative has to do with first hand research like interviews etc.

Which of the following represents a parallel multi-instance task?

Many customers watching one movie.
One employee taking an order while another collects payment in a drive-through.
Two baristas working at a Starbucks counter.
One employee taking pizza orders.

Answers

Answer:

One employee taking an order while another collects payment in a drive-through

One employee taking an order while another collecting payment in a drive-through represents a parallel multi-instance task.

The answer is option B.

What is a parallel multi-instance task?

Multi-instance activities are denoted via three parallel strains at the lowest center of the hobby/task image. Its cause is to expose that the activity occurs for a set of items or items.

The variety of instances that the hobby completes is defined with the aid of the number of objects that exist within the collection.

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Quá trình sản xuất mà ở đó người ta sản xuất và xử lý một khối lượng lớn một loại sản phẩm hoặc một nhóm sản phẩm nào đó. Thiết bị được lắp đặt theo dây chuyền sản xuất làm cho dòng di chuyển của sản phẩm có tính chất thẳng dòng.

Answers

Answer:

uhhh....... ........ English

Answer:

English please?

Explanation:

i dont understand ur language-

Demand and supply (economics)

Answers

Answer: B (second option)- The market is in equilibrium.

Explanation:

Not sure if its correct, if its not im sorry, but I got it correct on edg 2021

Lucas is the secretary of defense for the united states. He oversees military operations throughout the world. Lucas's position is part of the _ _ _ _ _ government
national
state
local
foreign

Answers

Answer:

This guy is a liar it's not local, it's national

Explanation:

National government represents the whole world not just a state or local is like schools and parks working for this kind of things is local government national government is different.

Lucas is the secretary of defense for the United States. He oversees military operations throughout the world. Lucas's position is part of the national government. Hence, option A is correct.

What is national government?

The national government of a country is its executive branch. A nation is said to have a national government, or the central government in a unitary state, if it does not give significant power to regional divisions. A government is in charge of running the armed forces, foreign policy, the economy, and public services in addition to defining and enforcing social norms.

The national executive, or cabinet, is led by the President, who also serves as head of state. He or she is entrusted with promoting the nation's unity and interests while respecting the supremacy of the Constitution as the country's top legislation.

Thus, option A is correct.

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how can fiscal policy solve bankruptcy

Answers

Answer: gambleing

Explanation: it workds :)

What was the CEO of Tyco accused of doing?
A falsifying records to keep the company stock price from falling
B. engaging in insider trading
C. using company funds to pay for his lavish lifestyle
D. hiding debt by transferring it to subsidiaries

please help accounting is always hard to find answers for if there’s any other app what does better let me know !!

Answers

The CEO of Tyco was accused of C. using company funds to pay for his lavish lifestyle.

What did Dennis Kozlowski do?

Dennis Kozlowski was the CEO of Tyco but he was found to have evaded taxes by the IRS.

When they investigated his dealings further, they found that he had been using the company's funds to pay for his lavish lifestyle such as purchasing art and taking bonuses.

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3 reasons for pricing a product

Answers

Answer:

The three reasons for pricing a product are:

Achieving market share.Investments.Supply.

Which financing is also known as “risk capital”?
A.
mezzanine loans
B.
subordinate debts
C.
equity capital
D.
senior debts
E.
bonds

Answers

the answer is C: equity capital

Webster's Words has a printing press which they are not using at the present time. In fact, they have not used this equipment for two years. The equipment has no market value because it has been customized to their particular operations. They could sell the machine as scrap metal for $1,500 maximum. The press is eight years old and cost $163,000 new. The current book value is $2,100. The company is trying to decide if a new project would be a feasible means of utilizing this equipment. The value of the press that should be included in the project analysis is:

Answers

The value of the press that  Webster's Words should include in the project analysis is $1,500.

The two major considerations in a project analysis are the cost of the project input and the value that the project's output will generate for the entity.

In this scenario, the current book value of the press is not relevant in the project analysis. The scrap value should be considered as it produces a value that can reduce the project's cost and not the committed or sunk cost of the old press.

Data and Calculations:

Maximum scrap value of press = $1,500

Initial cost of the press eight years ago = $163,000

Current book value = $2,100

Relevant value of the press = $1,500 (scrap value)

Thus, the value of the press in the project analysis is $1,500.

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Explain 3 factors that change supply elasticity.

Answers

Answer:

There are numerous factors that impact the price elasticity of supply including the number of producers, spare capacity, ease of switching, ease of storage, length of production period, time period of training, factor mobility, and how costs react.

In people focus primarily on individual rights, roles, and achievements

Answers

Answer: individual

Explanation:

Kay is working with Charity to help Charity identify the type of career she wants and what steps to take to realize her goals. Kay and Charity are: A. in the development phase of career planning. B. working through an organizational assessment. C. conducting a self assessment of Charity. D. in the direction phase of career planning.

Answers

Answer:

I would say the answer is C. conducting a self assessment of Charity.

Explanation:

They're trying to determine what career Charity wants and the goals she might have in order to achieve it. So before they can make any real decisions, they need to assess Charity's character, and what she wants first.

Hope this makes sense. Also please let me know if I'm somehow wrong :)

state the law of demand and explain its assumptions​

Answers

Answer:

The law of demand states that quantity purchased varies inversely with price.

Explanation:

The law of demand states that quantity purchased varies inversely with price.

Answer:

Law of demand explains consumer choice behavior when the price changes.

The law of demand is a fundamental principle of economics that states that at a higher price consumers will demand a lower quantity of a good.

It means while studying the relationship between the price of a commodity and demand for it, the effect of other determinants of demand on it is assumed to be constant

Explanation:

Assumptions:

-The income of the consumer or the buyer does not change

- Price of the goods remain constant

-Tastes, preferences and the fashion of the buyers does not change.

Convert 5/8 to Decimal

Answers

Answer:

0.625

Explanation:

Answer:

0.625

Explanation:

use calculator!

Rebecca Huang receives a regular salary of $2,600 a month and is paid 1/2 times the regular hourly rate for hours worked in excess of 40 per week.
a. Calculate Huang's overtime rate of pay.
22.5 overtime pay per hour
s
b. Calculate Huang's total gross weekly pay if she works 43 hours during the week.

Answers

The over time rate of pay is $22.5 overtime per hour. While the total gross pay at 43 hours is 667.5 dollars.

a. The regular salary = $2600 monthly

The annual salary = $2600 * 12

= 31200 dollars.

The weekly salary in a year

We have 52  weeks in a year

Weekly salary = 31200/52

= 600 dollars.

She works for 40 hours weekly.

Pay per hour = 600/40

= 15

The overtime pay per hour that Rebecca receives

[tex]15*1\frac{1}{2}[/tex]

= 15 * 1.5

= 22.5

Therefore Huang's overtime pay is 22.5 dollars.

b. If she works 43 hours during the week

15 dollars * 40 hours = 600 dollars

43-40 = 3 overtime hours

3 x 22.50 per hour = 67.5 dollars.

The total gross wages = 600 dollars + 67.5 dollars

= 667.5 dollars.

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If a firm produces nothing, which of the following costs will be zero?
a. total cost
b. fixed cost
c. opportunity cost
d. variable cost

Answers

D is the answer

Mark me as brainliest pweze

The cost that will be zero if a firm produces nothing is variable cost  because it is a cost that changes with level of output.

What is variable cost?

Variable cost refers to the cost that vary with the level of output. This means that at every activity leve, the variable cost changes with it.

The above means that a constant amount per unit produced is the variable cost of manufacturing which implies that once the output is zero, the variable cost will be zero as well.

Hence, the cost that will be zero if a firm produces nothing is variable cost.

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Assume the risk-free rate is 8% and the expected rate of return on the market is 18%. A share of stock is now selling for $100. It will pay a dividend of $9 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year

Answers

The price of the investors can expect the stock to be sold at the end of the year is $109.

The price of the investors can expect the stock to be sold at the end of the year can be determined using this formula:

Stock price = d1 / (r - g)

d1 = next dividend to be paid = $9

r = cost of equity

g = dividend growth rate

The cost of equity would be determined using the capital asset pricing model:

Risk free rate + beta(market rate of return - risk free rate)

8% + 1(18% - 8%) = 18%

The dividend growth rate can be determined using this equation:

100 = $9 /  ( 18% - g)

g = 9%

Stock price = $9(1 + 0.9)  / (0.18 - 0.09)  

9.81 / 0.09 = $109

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WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has forecast production for the next three months as follows: July 5,000 units, August 6,000 units, September 3,500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July

Answers

Based on the information the budgeted manufacturing overhead for July is $45,000.

WellWheats, Inc. Budgeted Manufacturing Overhead for the month of July

Monthly Manufacturing Overhead $20,000

Additional manufacturing costs            $25,000

(5,000 units x $5 per unit produced)  

Total Budgeted Manufacturing Overhead for July $45,000

($20,000+$45,000)

Inconclusion the budgeted manufacturing overhead for July is $45,000.

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What comparison can be made between command economies and market economies?
etafset

Answers

Answer:

The difference between command economy's and market economy's is that a command economy the government controls what is produced and how it will be shared. and in a market economy people have more freedom and can make their own decisions.

Explanation:

16. A est is NOT showing ons of intoxication but a server who has been monitoring the rest is concerned about the number of drinks the quest has consumed. What should the server do in this situation?
Continue serving the guest but stop when the guests how’s signs of intoxication
Continue serve the guest because he or she can deally handle more alcohol than the average person
stop sere koho to the puest because the post may have a tolerance to alcohol
Ask the quest to leave the establishment immediately

Answers

Answer:

Some of the choices seem to have some spelling mistakes but:

The server should stop serving alcohol and if the guest becomes combative/belligerent, ask the guest to leave.

Explanation:

Signs of intoxication might not be immediate, so after a few drinks, the server should stop serving. If the man is a disturbance/combative, the server should call the police department.

There are good ways to handle quest. The server should  continue serving the guest but stop when the guests show’s signs of intoxication.

There are different ways to handle an intoxicated customer in a restaurant.  The best way is to offer the customer some coffee or food, as a replacement for a drink.

Do call a cab or order a ride home for the customer and never let them drive. Note that a customer may becomes  angry, but be patient and escort them outside of the restaurant and call the police if it becomes more than you can handle.

Note that you should not stop serving the guest unless there is signs of intoxication as it will be very rude to do so without any signs shown by the guest.

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Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719. The company purchased $44,200 in fixed assets and had a depreciation expense of $17,705. During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What was the company's cash flow from assets

Answers

If Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719.  During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What the company's cash flow from assets will be is: $48,371

First step is to calculate the cash flow to creditor  

Cash flow to creditors   = $21,700 + $29,571  

Cash flow to creditors   = $51,271

 

Second step is to calculate the cash flow to Stockholders

Cash flow to Stockholders =$28,400 - $25,500  

Cash flow to Stockholders =$2,900

Now let determine the cash flow from assets using this formula

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders

Let plug in the formula  

Cash flow from assets = $51,271 + $2,900  

Cash flow from assets = $48,371

Inconclusion if Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719.  During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What the company's cash flow from assets will be is: $48,371

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Acellus: into to accounting ?

Answers

sorry I don't know this question can you explain it

Provided travel services to group of travelers; they paid $22,500 now and will pay $4,500 later

Answers

Recording the transaction of providing travel services to the travelers, who paid $22,500 with a balance of $4,500 in the books of the Travel Services Corporation include:

Journal Entries:

Debit Cash $22,500

Debit Accounts Receivable $4,500

Credit Service Revenue $27,000

To record the provision of travel services for cash and on credit.

Data Analysis:

Cash $22,500 Accounts Receivable $4,500 Service Revenue $27,000

Thus, the total service revenue recorded for this transaction is $27,000.

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Suppose you know that a company’s stock currently sells for $67 per share and the required return on the stock is 12 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it’s the company’s policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

Answers

Answer:

the dividend per share is $3.79

Explanation:

Expected return = Dividend yield + Capital gain yield

The total return is evenly divided into the capital gain yield and dividend yield. Hence, the capital gain yield is 6% and dividend yield is 6%.

One of the fine examples of frugal innovation is the the world’s cheapest car Tata Nano, for which Tata has most likely done __________ segmentation.

Answers

Answer:

What is market segmentation

Explanation:

One of the fine examples of frugal innovation is the the world’s cheapest car Tata Nano, for which Tata has most likely done market segmentation.

At its core, market segmentation is the practice of dividing your target market into approachable groups. Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioral criteria used to better understand the target audience.

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Fixed-income recipients, savers, and creditors are hurt by unanticipated inflation because inflation ______. Multiple choice question. redistributes real income away from them and toward others reduces the burden of debt is indexed redistributes real income towards them and away from others

Answers

Unanticipated inflation usually hurt the creditors, Fixed-income recipients as well as savers simply because:: inflation redistributes real income away from them and toward others

Unanticipated inflation can be regarded as kind of inflation whereby,  people are not aware that there will be inflation, it caught them unaware until  there is general price level increases.

When this happens, alot of people will be left unprotected, especially those lenders that will be paid back with the same amount they Lent out even though there is a reduction in purchasing power.

Therefore, unanticipated inflation usually caught people unaware.

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Why is competition limited in an oligopoly

Answers

Answer:

High entry costs prevent new producers from entering the market. ... Producers actively segment the market to avoid competition. High entry costs prevent new producers from entering the market.

Explanation:

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~Kisame'sAbs

1. Describe a natural monopoly and use a graph to support your answer.


2 Describe the main characteristics of a monopolistically competitive market.

Answers

Answer:

i think Monopoly Market Characteristics

Explanation:

i think The characteristics of monopoly include: (1) one firm, (2) one product, and (3) no entry (Table 5.1). The monopoly solution is shown in Figure 5.2. Note that long-run profits can exist for a monopoly, since barriers to entry halt any potential entrants from joining the industry.

There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants

Which of these is the correct order of these steps?
2, 1, 3, 4
1, 2, 3, 4
4, 1, 2, 3
4, 2, 3,1

Answers

Answer is : 4,1,2,3

There are four steps in solving one’s personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. Assessing needs and wants.
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