What is the amount of gross profit, Finance Basics

+44 141 628 6080
[email protected]

What is the amount of gross profit

Problem:

During the current year, merchandise sold for $775,000. The cost of the merchandise sold was $426,250.

Required:

Question 1: What is the amount of gross profit?

Question 2: What is the gross profit percentage (gross profit divided by sales)?

Explain comprehensively and show all calculation.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount of gross profit

Reference No:- TGS0877448

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Compounded semi-annually

You have the following bond: $1000 Par, 22 years to maturity, Mkt rate of 9.75%, coupon of 10.25%, compounded semi-annually. The PV of the bond is $1044.97.

Q : What is the future value

What is the future value of $750 deposited for one year earning an 8 percent interest rate annually? Explain in detail.

Q : Compounded semi-annually

You have the following bond: $1000 Par, 22 years to maturity, Mkt rate of 9.75%, coupon of 10.25%, compounded semi-annually. The PV of the bond is $1044.97.

Q : Percentage of purchasing power

Find the percentage of purchasing power lost during the time the money is invested; that is, find p so that if you could purchase exactly u units at the time the money was invested, three years later you could purchase u(1-.01p).

Q : What is the amount of gross profit

What is the amount of gross profit? What is the gross profit percentage (gross profit divided by sales)?

Q : How to enhance effective global leadership

How can you enhance effective global leadership? What are the four T's for personal development strategies that increase global business savvy?

Q : Nominal market rate of interest

You have the ability to buy a bond with a par value of $1000, coupon rate of 12%, paid semi-annually, nominal market rate of interest of 8.85%, for a price of $1170.02. The seller cannot remember how many years of maturity remain on the bond. You

Q : Estimated value of this stock today

What is the estimated value of this stock today? Explain comprehensively as well as show all calculation.

Q : Share of this stock

Question 1: What is one share of this stock worth to you if you require a 15% rate of return?

1951216

Questions
Asked

3,689

Active Tutors

1459047

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount of gross profit

Reference No:- TGS0877448

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Compounded semi-annually

Q : What is the future value

Q : Compounded semi-annually

Q : Percentage of purchasing power

Q : What is the amount of gross profit

Q : How to enhance effective global leadership

Q : Nominal market rate of interest

Q : Estimated value of this stock today

Q : Share of this stock

How should the ladle for a self-serve pot of soup be stored

Client receiving continuous nasogastric feedings

Discuss women on the topic of urinary tract infection

Examine which type of child with a speech sound disorder

Nurse assessent reveals clients diminished breath sounds

Principles of minimal opposition contrast therapy

What nurse do after hearing the client choked while eating

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount of gross profit

Reference No:- TGS0877448

Recent Questions Asked Finance Basics

Q : Compounded semi-annually

Q : What is the future value

Q : Compounded semi-annually

Q : Percentage of purchasing power

Q : What is the amount of gross profit

Q : How to enhance effective global leadership

Q : Nominal market rate of interest

Q : Estimated value of this stock today

Q : Share of this stock

Asked Questions