Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has gross profit of $59,400 and a gross

A company has gross profit of $59,400 and a gross profit percentage of 25%. What...

60.1K

Verified Solution

Question

Accounting

image
A company has gross profit of $59,400 and a gross profit percentage of 25%. What were the company's net sales? Multiple Choice $74,250. $725.010. $14,850 $237.600

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The release of the contents of cortical granules, ________. A. Occurs after a single sperm cell...

Biology
1.2K views

Question 11 pts When chymotrypsin is assayed with the surrogate substrate p-nitrophenylacetate, a rapid burst of colored...

Accounting
1.2K views

Franklin Company issued a $40,000 note to the Mercantile Bank on August 1, Year 1. The...

Basic Math
1.2K views

2 For what values of parameters a b E R the operation x y xy...

Basic Math
1.2K views

Wendy is a waitress and has $15,000 toinvest, and wishes to gain $4,200 in interestover...

Calculus
1.2K views

Na a Find the equilibrium point b Find the consumer surplus and producer surplus Du...

Accounting
1.2K views

accounts From the following, which are subdivisions of owner's equity

Accounting
1.2K views

You are using computer audit software to prepare accounts receivable confirmations during the annual audit...

Accounting
1.2K views

ane part 5 Analytical Review (30 points) IT for the year under audit, with similar...

Accounting
1.2K views

The following information relates to Sports Bikes, Inc. Net Sales Revenue $ 193 000 Cost...

Accounting
1.2K views

Grace has AGI of $60,000 in 2015, 2016, and 2017 She makes cash contributions to...

Accounting
1.2K views

Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of...