Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. company reported a gross profit percentage of 33%

company reported a gross profit percentage of 33% with net sales of $2,640,000. What is...

60.1K

Verified Solution

Question

Accounting

image
company reported a gross profit percentage of 33% with net sales of $2,640,000. What is the amount of cost of goods sold? Multiple Choice $1,768 800 $2,618,263 $871,200 $892.938

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

Chemistry
1.2K views

1.Calculate the pH of a solution obtained by mixing 100 ml of 1 M HEPES and...

Chemistry
1.2K views

chemical engineering *An adult human being at rest produces roughly 0.40 mJ/h of thermal energy through metabolic...

Accounting
1.2K views

Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a...

Geometry
1.2K views

New parents wish to save for their newborn s education and wish to have 48...

Statistics
1.2K views

5 29 Daily activity It appears that people who are mildly obese are less active...

Calculus
1.2K views

Determine the x and y intercepts fo f x 2x 14 If there is more...

Accounting
1.2K views

methods for allocating service department costs to other departments...

Accounting
1.2K views

In 20XX, ABC Corp reported net income of $7,184,310 and declared and paid preferred share...

Accounting
1.2K views

Cathy Crafts grants Dan Deputy a franchise to sell cards and gifts. Dan pays Cathy...

Accounting
1.2K views

Manor Inc. sells washing machines that include a two-year warranty covering parts. Experience shows that...

Accounting
1.2K views

(Issuance and Conversion of Bonds) For each of the unrelated transactions described below, present the...

Accounting
1.2K views

Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are...