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Tasya [4]
1 year ago
12

Last month, Korey's Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey's g

ross profit margin.
Business
2 answers:
nevsk [136]1 year ago
7 0

Answer: 76.3%

Explanation: Gross profit margin is calculated by dividing the gross profit (difference between revenue and cost of goods sold) by revenue (Net sales). It could be expressed as a percentage by multiplying by 100.

Gross profit margin = (gross profit ÷ net sales) * 100

Gross profit = $3,320

Net sales = $4,350

Gross profit margin = ($3,320÷$4,350) * 100

0.763 * 100 = 76.3%

MAXImum [283]1 year ago
7 0

The correct answer to this question on edgen is

<h2><u>C. 76.3%</u></h2>
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2 years ago
Total Accounting has developed new software for nonprofit organizations that allows them to send donors receipts via text or ema
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1 year ago
CMN Inc. uses LIFO and has experienced increasing costs since its founding. CMN disclosed that the LIFO reserve (also known as t
Neporo4naja [7]

Answer:

$20 million

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The computation of the ending inventory if FIFO is used

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= $3 million + $17 million

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7 0
2 years ago
Your landlord has held one month's rent of $875 as a security deposit from which any damage repair will be deducted. You have le
Norma-Jean [14]

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So from the above calculations it is clear that $455 would be returned to me by the landlord.

8 0
1 year ago
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Answer:

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Hope this helps

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