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Question
A company reports the following comparative income statements:
| 2014 | 2013 | |
| Net sales | $736,000 | $840,000 |
| Cost of goods sold | 518,880 | 571,200 |
| Gross profit | $217,120 | $268,800 |
| Operating expenses | 104,800 | 130,000 |
| Net income | $112,320 | $138,800 |
What are the costs of goods sold in common-size percents for 2013 and 2014, respectively?
Answer
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Related questions
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Q:
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Q:
Periods
12 Percent 1
8929 2
1.6901 3
2.4018 4
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Q:
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Q:
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Q:
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Q:
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42
25 A. 15,000 croquet sets.
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Q:
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B. Neither product A nor product B should be processed further.
C. Only product B should be processed further.
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E. A processing further decision cannot be made from the available data.
Q:
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B. Income will increase by $7 per unit.
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Q:
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$3 Fixed costs (in total) Overhead
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B. $45
C. $27
D. $50
E. $5
Q:
Assume markup percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the markup per unit?
A. Total cost times markup percentage.
B. Total cost per unit times markup percentage per unit.
C. Total cost per unit divided by markup percentage per unit.
D. Markup percentage per unit divided by total cost per unit.
E. Markup percentage divided by total cost.
Q:
Capital budgeting decisions are generally based on:
A. Tentative predictions of future outcomes.
B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.