Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume kader company has the following reported am

Assume Kader Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances...

90.2K

Verified Solution

Question

Accounting

Assume Kader Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000,Cost of goods sold $330,000, and Operating Expense: $110,000.

Compute the following: (a) net sales, (b) gross profit, (c) income from operations, and (d) gross profit rate. (Round to one decimal place.)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

One measure of the value of a stock is its price to earnings ratio (or P/E...

Basic Math
Q

What major compromises led to the final approval of the Constitution? Who benefitted, and who did...

Psychology
Q

2. Advanced Medical Technology is a new, rapidly growing firm that produces specialized medical instruments. They sell...

Accounting
Q

vera PT a Put the following layers of the earth in order from the center...

Biology
Q

Which whole blood fraction is the most abundant source of genomic DNA Red blood cells...

Biology
Q

64 based ratio of U238 and Pb226 in a sample of rock is 4 3...

Physics
Q

researcher wanted to determine the number of televisions in households He conducts a survey of...

Statistics
Q

Write the sum using sigma notation: -1+5+ 11 + ... + 29?i=1

Algebra
Q

image image

Accounting
Q

When considering the production of new/different production lines which of the following is important? (Choose...

Accounting
Q

Foreign Currency Fluctuations How does Walt Disney account for foreign currency fluctuations? How much did...

Accounting
Q

Jettison Corporation, an S corporation, may have its S corporation election terminated by all of...

Accounting