Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose bonzai boards inc. had sales of $180,000,

Suppose Bonzai Boards Inc. had sales of $180,000, operating expenses of $30,000, cost of goods...

70.2K

Verified Solution

Question

Accounting

Suppose Bonzai Boards Inc. had sales of $180,000, operating expenses of $30,000, cost of goods sold of $110,000, and income tax expense of $12,000.

  1. What was the gross profit percentage?
  2. What is the significance of the gross profit %?

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

A manager is quite concerned about the recent deterioration of a section of the roof on...

Finance
Q

Complete a thorough curve analysis of the function ?(?) = ?4 − 12?3 + 48?2 − 64?. Follow...

Basic Math
Q

A die is tossed 600 times. H0 is the hypothesis that the proportion of tosses showing...

Statistics
Q

Bobby Sue was brought to the ER where she was assessed for trauma. Physicians were worried...

Medical Sciences
Q

Two coding challenges this week! Part 1: Estimate the value of e. e is defined as  as n...

Programming
Q

A pendulum is hanging from the ceiling of a If the cage moves up with...

Physics
Q

A bag contains 10 white, 12 blue, 13 red, 7 yellow, and 8 green wooded...

Basic Math
Q

In Exercises 10 and 11, write a rule for g that represents the indicated transformations...

Basic Math
Q

Monsoon Rains The summer monsoon rains in India follow approximately a Normal distribution with mean...

Statistics
Q

Exercise 10-15(Algo) Prepare a statement of stockholders' equity (LO10-7) Power Drive Corporation...

Accounting
Q

Both buyout funds and venture capital funds: Expect that only a small percentage of...

Finance
Q

joulllal ellties oF 2018 WIth Pespect t bd dbts and the allowance for uncollectible accounts....

Accounting