## If the estimated rate of gross profit is 30

If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30 If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the following data? Sep. 1:

It measures the amount of net profit a company obtains per dollar of revenue gained. Net Profit Margin = Net Profit/Revenue = \$30/\$100 = 30% of how net profit margin is calculated and what it means when analyzing a company's performance. A low net profit margin means that a company uses an ineffective cost  [Degree: 3] If the estimated rate of gross profit is 40%, what is the estimated cost of the merchandise inventory on June 30, based on the following data? June 1 Merchandise inventory \$ 75,000 June 1-30 Net purchases 150,000 June 1-30 Net sales 135,000 a. \$144,000 b. \$140,000 c. \$81,000 d. \$54,000 Answer to If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, b Answer to: If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the Question: If The Estimated Rate Of Gross Profit Is 30%, What Is The Estimated Cost Of The Merchandise Inventory On September 30, Based On The Following Data? Sep. 1 Merchandise Inventory (at Cost) \$125,000 Sep. 1-30 Purchases, Net (at Cost) 300,000 Sep. 1-30 Sales 150,000 A. \$192,500 B. \$320,000 C. \$105,000 D. \$275,000. If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the following data? Sep. 1 Merchandise inventory \$ 125,000 Sep. 1-30 Purchases (net) 300,000 Sep. 1-30 Sales (net) 150,000 Selected Answer: \$320,0 00 Answers: \$320,0 00 \$192,5 00 \$275,0 00 \$105,0 00 Question 49 2 out of 2 points Garrison Company uses the retail method of inventory costing.

## If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the following data? Sep. 1 Merchandise inventory \$ 125,000 Sep. 1-30 Purchases (net) 300,000 Sep. 1-30 Sales (net) 150,000 \$380,000 \$320,000 \$275,000 \$105,000

[Degree: 3] If the estimated rate of gross profit is 40%, what is the estimated cost of the merchandise inventory on June 30, based on the following data? June 1 Merchandise inventory \$ 75,000 June 1-30 Net purchases 150,000 June 1-30 Net sales 135,000 a. \$144,000 b. \$140,000 c. \$81,000 d. \$54,000 Answer to If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, b Answer to: If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the Question: If The Estimated Rate Of Gross Profit Is 30%, What Is The Estimated Cost Of The Merchandise Inventory On September 30, Based On The Following Data? Sep. 1 Merchandise Inventory (at Cost) \$125,000 Sep. 1-30 Purchases, Net (at Cost) 300,000 Sep. 1-30 Sales 150,000 A. \$192,500 B. \$320,000 C. \$105,000 D. \$275,000.

### If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30 If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the following data? Sep. 1:

13 May 2017 The gross profit method estimates the amount of ending inventory in a When inventory was destroyed and you need to estimate the ending profit %) by sales during the period to arrive at the estimated cost of goods sold. Calculate the gross profit margin needed to run your business. Some business owners will use an anticipated gross profit margin to help them price their products. For example, if a product costs \$8 to produce, and your gross profit margin is 20 5/1 ARM (IO) · 7/1 ARM · 30 year jumbo · 30 year FHA · See all mortgages

### For Year Two, sales were \$1.5 million, and the gross profit was \$450,000 -- resulting in a gross profit margin of 30 percent (\$450,000 / \$1.5 million). It is apparent that ABC Clothing earned not only more gross profit dollars during Year Two but also a higher gross profit margin.

When gross profit ratio is expressed in percentage form, it is known as gross profit margin or gross profit percentage. The formula of gross profit margin or percentage is given below: The basic components of the formula of gross profit ratio (GP ratio) are gross profit and net sales. Gross profit is equal to net sales minus cost of goods sold. Gross profit percentage is the formula which is used by the management, investors and financial analysts to know the financial health and profitability of the company after accounting for the cost of sales and is calculated by dividing the gross profit of the company by its net sales. If the gross profit rate is 30%, the estimated cost of the ending inventory under the gross profit method is estimated cost of ending inventory is computed as follows: Sales - Gross profit = COGS or \$150,000 - (\$150,000 X 30%) = \$105,000.

## If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the following data? Sep. 1 Merchandise inventory \$ 125,000 Sep. 1-30 Purchases (net) 300,000 Sep. 1-30 Sales (net) 150,000 \$380,000 \$320,000 \$275,000 \$105,000

If the gross profit rate is 30%, the estimated cost of the ending inventory under the gross profit method is estimated cost of ending inventory is computed as follows: Sales - Gross profit = COGS or \$150,000 - (\$150,000 X 30%) = \$105,000. If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30 If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on September 30, based on the following data? Sep. 1: Learn how to calculate gross profit with fixed and variable costs. Methods to compute gross profit margins and markups to help your business today. The gross profit method of estimating ending inventory assumes that the gross profit percentage or the gross margin ratio is known. For example, if a company purchases goods for \$80 and sells them for \$100, its gross profit is \$20. This results in a gross profit percentage or gross margin ratio of 20% of the selling price. Gross profit margin is a profitability ratio that calculates the percentage of sales that exceed the cost of goods sold. In other words, it measures how efficiently a company uses its materials and labor to produce and sell products profitably. Gross profit ratio (GP ratio) is a profitability ratio that shows the relationship between gross profit and total net sales revenue. It is a popular tool to evaluate the operational performance of the business . The ratio is computed by dividing the gross profit figure by net sales.

If the estimated rate of gross profit is 30%, what is the estimated cost of the merchandise inventory on June 30, based on the following data? The gross profit method is a technique used to estimate the amount of ending inventory. For example, if a retailer buys its merchandise for \$0.70 and sells the of \$0.30 divided by the selling price of \$1.00 means a gross profit margin of 30 % of sales. Since the estimated cost of goods sold was \$70,000 (from above), the  Cost = 100% Gross profit = 25% Therefore sales = 125% If 125% = 500000 Had he purchased it at 10% less price and sold it at 30%profit, he would have