Home / Questions / Discuss the following statement: “Operating cycles for all merchandising businesses are
Discuss the following statement:
“Operating cycles for all merchandising businesses are the same, with similar profit margins.”
Include an example(s) to illustrate your explanation.
188. Complete the following data taken from the condensed income statements for merchandising Companies A, B, & C.
|
|
Company A |
Company B |
Company C |
|
Net income |
315 |
? |
215 |
|
Sales |
? |
865 |
560 |
|
Gross Profit |
430 |
? |
325 |
|
Operating Expenses |
? |
125 |
? |
|
Cost of merchandise sold |
545 |
320 |
? |
|
|
|
|
|
189. Complete the following data taken from the condensed income statements for merchandising Companies X, Y, & Z.
|
|
Company X |
Company Y |
Company Z |
|
Net income or (loss) |
220 |
? |
(70) |
|
Sales |
? |
1,315 |
890 |
|
Gross Profit |
435 |
? |
465 |
|
Operating Expenses |
? |
565 |
? |
|
Cost of merchandise sold |
330 |
775 |
? |
|
|
|
|
|
190. During the current year, merchandise is sold for $137,500 cash and $425,600 on account. The cost of the merchandise sold is $322,325. What is the amount of the gross profit?
191. During the current year, merchandise is sold for $117,500 cash and $241,750 on account. The cost of the merchandise sold is $157,400. What is the amount of the gross profit?
Dec 09 2019 View more View Less
Have I captured my readers’ attention?
Nov 26 2019Berndt just turned 45 years old, and he plans to work unti he is 67 years old. He thinks that he can safely save $500 at the end of every month during his remaining work ...
May 21 20213. Explain the series of color changes that can occur on the thymol blue indicator by the addition of the following solutions. In each case, give the approximate pH of th...
Mar 26 2020In a shopping mall with huge footprints, every single salesperson needs to manage more than 100 queries from visiting customers. However, the conversion rate is 10 per ce...
May 20 2020Sterling Incorporated has a beta of 1.0. If the expected return on the market is 6%, what would be an investorâs required rate of return on Sterling Incorporated's stock?
Aug 11 2021On February 8, 2002, the Gallup Organization released the results of a poll concerning American attitudes toward the 19th Winter Olympic Games in Salt Lake City, Utah. Th...
Jul 01 2021Cost-volume-profit analysis is a precise tool for determiningthe profit consequences of future cost changes, price changes, andvolume of activity changes.TrueFalse5.The h...
Mar 19 2020The oldest level of taxonomic classification is (A) Class (B) Family (C) Genus (D) Phylum (E) Species
Mar 22 2018How do you write a balanced equation showing how three of the common strong acids ionize to produce hydrogen ion?
Jul 30 2021Draw The Influence Line For The Moment At E In The Girder. Determine The Maximum Positive Moment In The Girder At E If A Single Concentrated Live ForceAttachments:
Apr 21 2020