Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. (e) as it turns out, total sales for the year we

(e) As it turns out, total sales for the year were $1,133,000. What...

60.1K

Verified Solution

Question

Accounting

(e)
As it turns out, total sales for the year were $1,133,000. What is the amount of this year's gross margin percentage? (Round gross
margin percentage to 1 decimal place, e.g.15.2%.)
Gross margin percentage
%
Would Edward be excited about this year's gross margin percentage?
What trend in sales might the company expect next year as a result of this year's catering contract?
in sales
image

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

From the data collected below, show how you have followed all 14 of the steps on...

Basic Math
Q

1. George has suffered a myocardial infraction A. Explain to his non-medical oriented Family what has happened...

Medical Sciences
Q

In the last lab, we learned how an AC electromagnetic field can produce circulating eddy currents...

Physics
Q

Discuss the sources of error in Chubb and Fortescue circuit type peak voltmeter.

Electrical Engineering
Q

Use a Laplace Transform technique to find the solution to the differential equation (ie. initial value...

Advance Math
Q

Please Typing this My Summary from reading Chapter I need to fix My Words and make...

General Management
Q

A deposit of $5,000 earns interest at 4% compounded semi-annually. After three-and-a-half years, the interest rate...

Finance
Q

A metal sphere of radius R at a temperature TO was placed in a medium...

Physics
Q

A monochromatic light is travelling in a medium of refractive index n 1 6 It...

Physics
Q

Randys rental property was classified as residential real property. What code section was used when...

Accounting
Q

Please I need help with the excel formula. fx...

Accounting
Q

from the ledger balances below, prepare a trial balance for Sunland company at June 30,2022....

Accounting