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Author Question: The following financial statement items are shown for J&T Manufacturing.Net sales$840,000Cost of ... (Read 12 times)

lingual

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on: Feb 5, 2023

Question 1

The following financial statement items are shown for J&T Manufacturing.

Net sales$840,000
Cost of goods sold360,000
Insurance expense28,000
Total operating expenses120,000
Net income56,000
Calculate the common-size percentage for gross margin.
◦ 57.1%
◦ 0.8%
◦ 42.8%
◦ 11.6%

Question 2

The following financial statement items are shown for J&T Manufacturing.

Net sales$840,000
Cost of goods sold360,000
Insurance expense28,000
Total operating expenses120,000
Net income56,000
Calculate the common-size percentage for insurance expense.
◦ 3.3%
◦ 50.0%
◦ 23.3%
◦ 5.8%
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by lingual on Feb 5, 2023

xinyifff

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lingual

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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