The president of National Co., after being informed that the 2021 selling price was 6% lower...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to know other factors that changes the gross margin as shown below. 2020 Net Sales Cost of Sales Gross Margin P 420,000.00 P243,600.00 P.176.400.00 2021 P426,384.00 P276,242.40 P.150.141.60 An increase (decrease) in cost of sales due to volume of* Sample format: 111,111 or (111,111) The president of National Co., after being informed that the 2021 selling price was 6% lower than 2020, would like to know other factors that changes the gross margin as shown below. 2020 Net Sales Cost of Sales Gross Margin P 420,000.00 P243,600.00 P.176.400.00 2021 P426,384.00 P276,242.40 P.150.141.60 An increase (decrease) in cost of sales due to volume of* Sample format: 111,111 or (111,111)
Expert Answer:
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
Posted Date:
Students also viewed these accounting questions
-
In Problem 30, National Foods would like to know what the effect would be on the optimal solution and the companys decision regarding its shipping if it negotiates with its suppliers in Sacramento,...
-
The client, Mr. David Keys, would like to know what state law provides concerning the removal of a director from the board of directors of a corporation. Prepare an information letter to Mr. Keys...
-
The production supervisor of Zeus Inc. would like to know the range of maintenance cost that should be expected about 90% of the time at the 1,500-machine-hour level of activity. The least squares...
-
The Bay City Parks and Recreation Department is considering building several new facilities, including a gym, an athletic field, a tennis pavilion, and a pool. It will base its decision on which...
-
The Present Value (PV) of $10,000 received 3 years from now assuming an interest rate of 4.5% would be $11,411.66.
-
The following data on y = concentration of penicillin-G in pigs blood plasma (units per milliliter) and x = time (in minutes) from administration of a dose of penicillin (22 mg/kg body weight)...
-
Currently, you have RM60,000 (Malaysian ringgit) that you would like to invest for 2 years and are considering buying a Malaysian government security maturing in 1 year that pays 4 percent annually....
-
Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods. (a) $30,000 receivable at the end of each period for 8...
-
What two different types of firmware may be used on motherboards? a. POST b. UEFI c. CMOS d. BIOS
-
Slopes Inc. manufactures and sells snowboards. Slopes manufactures a single model, the Pipex. In the summer of 2015, Slopes's accountant gathered the following data to prepare budgets for 2016. These...
-
You are the the store manager of a large Walmart Supercenter. You are being asked to identify your knowledge of risk management as it relates to a store that you manage and the company as a whole....
-
Explore opportunities and methods for personalising the interactive web session and adding value for that individual customer.
-
Briefly explain and give examples of online promotion and offline promotion techniques.
-
It was once predicted that the Internet would replace high street stores and that within ten years the majority of retail purchases would be made online. However, while online shopping is continuing...
-
Write a report summarising for a manager the necessary stages for transforming a static brochureware site to e-CRM and the benefits that can be expected.
-
In which ways is the long tail concept relevant to campaign planning?
-
The owners of Momentum Company is looking at how much they can sell the company. They are assessing how much is the range of the firm value based on company assets. A third-party appraisal was made...
-
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
-
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Rami, who charged the $ 1,000 purchase on his Visa credit card. Visa charges Evergreen a 2...
-
Milano Tools Inc. announced a 100 percent stock dividend. Required: 1. Determine the impact (increase, decrease, no change) of this dividend on the following: a. Total assets. b. Total liabilities....
-
The concepts of accounting covered in Chapters 2 through 6 are shown below. Match each transaction with its related concept by entering the appropriate letter in the space provided. Use only one...
-
Indonesia produces about 60 percent of the worlds palm oil. Palm oil is used in the production of shampoo, ice cream, and chocolate. Assume that Switzerland does not produce palm oil but companies in...
-
An article in the Wall Street Journal stated that Chinas treatment of American know-how has been a central issue to U.S.-China trade tensions over the past five years. a. What does the article mean...
-
An article in the Wall Street Journal explained that despite rising national security tensions between the United States and China in 2023, trade between the two nations was rising. China is a...
Study smarter with the SolutionInn App