Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. shelcal inc. provides the following data for the y

Shelcal Inc. provides the following data for the year 2015: Sales Revenue $400,000 Sales Returns...

50.1K

Verified Solution

Question

Accounting

Shelcal Inc. provides the following data for the year 2015: Sales Revenue $400,000 Sales Returns and Allowances 1,200 Sales Discounts 800 Net Sales Revenue $398,000 On vertical analysis report, cost of goods sold as a percentage of net sales will amount to: A) 59.42% B) 61.15% C) 63.48% D) 64.07%

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

Accounting
1.2K views

Beale Management has a noncontributory, defined benefit pensionplan. On December 31, 2021 (the end...

Accounting
1.2K views

Debtors 'balance is considered one of the most important asset accounts in commercial companies, and this...

General Management
1.2K views

Download this assignment in word and type answers directly below the questions. 1. Name the federal agency...

Physics
1.2K views

A monkey of mass 40 kg climbs a rope Fig 1 58 which can stand...

Statistics
1.2K views

6 In October 1994 a flaw in a certain Pentium chip installed in computers was...

Algebra
1.2K views

7 3n 2n A C 9 29n 52n 32 8n 7 A 4 1 5...

Accounting
1.2K views

Devor Corporation issues 200, five-year, 10%, $1,000 bonds dated January 1, 2017, at 100 (100%...

Accounting
1.2K views

1. An auditor has been auditing the financial statements of Ruksud Apartments in Salalah that...

Accounting
1.2K views

El 1 de enero, Martinez Inc. emiti bonos por $3,000,000 al 11% por $3,195,000. La...

Accounting
1.2K views

Please full calculation and explanation. ross profit comparisons and cost flow assumptions-perpetual lo2...

Accounting
1.2K views

Compare and contrast Target and Walmart based on the analyzes based on Form 10-K reports,...

Accounting
1.2K views

Prepare an adjusted trial balance. Include all accounts from the T-accounts in Requirement 5.