Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. simulation 2 financial information is presented

Simulation 2 Financial information is presented here for two companies: ...

50.1K

Verified Solution

Question

Accounting

Simulation 2
Financial information is presented here for two companies:
Brimmes Company Elridge Company
Sales $ 90,000?
Sales Returns ? $ 5,000
Net Sales 81,00095,000
Cost of Goods Sold 56,000?
Gross Profit ?38,000
Operating Expenses 15,000?
Profit ?15,000
Instructions
a) Fill in the missing amounts. Show all calculations.
b) Calculate the gross profit margin and profit margin for each company. Comment on the results

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

Basic Math
1.2K views

Let F(x,?y,?z) ?=? (6x5?ln(5y2 + 3) + 10z4)?i ?+? (((?10yx6)/(5y2 + 3))+ 8z)?j ?+? (40xz3 + 8y ? 6??sin??z)?k and let...

Chemistry
1.2K views

1) What alkene(s) will be produced when each of the following alcohols is dehydrated? Cyclopentanol 2-methyl-2-butanol 2) What is...

Medical Sciences
1.2K views

With many issues regarding stem cell research with one of them being the utilization of embryonic...

Accounting
1.2K views

Outline five (5) reasons for the discrepancy between the cash book and the bank statement.

Biology
1.2K views

In the market for ride shares Uber and Lyft are dominant players representing a snapshot...

Physics
1.2K views

A tuning fork is found to give 20 beats in 12 seconds when sounded in...

Accounting
1.2K views

the following information relates to Schmidt sausage co.'s defined benefit pension plan during the current...

Accounting
1.2K views

answer this question with detail explanation 1.1 Complete the gaps in the following...

Accounting
1.2K views

A cost which remains constant per unit at various levels of activity is a O...

Accounting
1.2K views

Question 14: A stock is expected to pay a dividend of $1.5 and is currently...

Accounting
1.2K views

Review the sales journal below. Review the sales journal below (Click...

Accounting
1.2K views

I need help with this question please. thank you! Four grams of...