What is tootsie rolls percent of the cost of sales to sale, Accounting Basics

What is tootsie rolls percent of the cost of sales to sale

The following data (in thousands of dollars) were adapted fromthe December 31, 2006, financial statements of Tootsie RollIndustries Inc.:

Sales $495,990
Cost of goodssold 310,507
Netincome 65,919

1. What is Tootsie Roll's percent of the cost of sales to sales? Round to one decimal place.

2. The percent a company adds to its cost of sales to determineselling price is called a markup. What is Tootsie Roll'smarkup percent? Round to one decimal place.

3. What is the percentage of net income to sales for tootsieRoll? Round to one decimal place.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is tootsie rolls percent of the cost of sales to sale

Reference No:- TGS0722017

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Estimate average reaction rate and reaction zone thickness

Estimate the average reaction rate and the reaction zone thickness. Assume the thermal conductivity of the mixture is 0.026 W/mK at 298 K and increases as a function of T1/2.

Q : Find the elastic force exerted by the bungie cord

The elastic energy stored in a stretched bungie cord is found to be 568 J. The the bungie cord is stretched 0.349 m, find the elastic force exerted by the bungie cord on the external force. Don't forget to include units and calculate the answer to

Q : Determine loss coefficient at standard atmospheric pressure

Air at 80F and standard atmospheric pressure flows through a furnace filter with an average velocity of 2.4 ft/s. The pressure drop across the filter is 0.06 in of water.

Q : What are the electric fields in all of space

Two concentric metallic shells (conductors) have radii R and 2R, respectively. A charge q is placed on the inner shell, and a charge ?2q is placed on the outer shell. What are the electric fields in all of space due to the two shells ?

Q : What is tootsie rolls percent of the cost of sales to sale

The percent a company adds to its cost of sales to determineselling price is called a markup. What is Tootsie Roll'smarkup percent? Round to one decimal place.

Q : Coefficient of linear expansion for brass

Coefficient of linear expansion for brass .Ignore any effects that might occur due to change in the thickness of the slits. (Hint: Since thermal expansion normally produces very small changes in length, you can use differentials to find the change

Q : What is the pump inlet condition for a rankine cycle

What is the pump inlet condition for a Rankine cycle?; the heat added by the boiler (kJ/kg); the cycle efficiency; the efficiency of a Carnot cycle operating between the same temperature limits.

Q : Magnitude of the field at the center of the surface of disk

At what distance along the central axis of a uniformly charged plastic disk of radius R = 0.110 m is the magnitude of the electric field equal to 1/5 times the magnitude of the field at the center of the surface of the disk?

Q : Determine horsepower added to water by the pump

It is necessary to maintain a pressure of 180 psi at the snow making machine. Determine the horsepower added to the water by the pump. Neglect minor loses.

1961156

Questions
Asked

3,689

Active Tutors

1452731

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!!

Accounting Basics: What is tootsie rolls percent of the cost of sales to sale

Reference No:- TGS0722017

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Estimate average reaction rate and reaction zone thickness

Q : Find the elastic force exerted by the bungie cord

Q : Determine loss coefficient at standard atmospheric pressure

Q : What are the electric fields in all of space

Q : What is tootsie rolls percent of the cost of sales to sale

Q : Coefficient of linear expansion for brass

Q : What is the pump inlet condition for a rankine cycle

Q : Magnitude of the field at the center of the surface of disk

Q : Determine horsepower added to water by the pump

What facilitate a stable, safe, pain-free cervical posture

Interview a bsn-prepared nurse

Does the patient have pearl pupils

Teaching a client with osteoarthritis about self-management

Nurse teaching client with hiv receiving antiretroviral

Nurse is planning care for client who had hip replacement

Describe nurse is caring for a client with hemophilia

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is tootsie rolls percent of the cost of sales to sale

Reference No:- TGS0722017

Recent Questions Asked Accounting Basics

Q : Estimate average reaction rate and reaction zone thickness

Q : Find the elastic force exerted by the bungie cord

Q : Determine loss coefficient at standard atmospheric pressure

Q : What are the electric fields in all of space

Q : What is tootsie rolls percent of the cost of sales to sale

Q : Coefficient of linear expansion for brass

Q : What is the pump inlet condition for a rankine cycle

Q : Magnitude of the field at the center of the surface of disk

Q : Determine horsepower added to water by the pump

Asked Questions