Question: Your COGS =$37,646 , Total labor = $32,420, controllables = $9,500, Rent = $12,000, advertising = $710 and the net sales = $122,559. what is

Your COGS =$37,646 , Total labor = $32,420, controllables = $9,500, Rent = $12,000, advertising = $710 and the net sales = $122,559. what is your controllable profit %?

a. 34.5%

b. 36.2%

c. 37.7%

d.40.1%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Accounting questions. Refer to Campbell Soup Company's financial Campbell Soup CASE 1-5 statements in Appendix A. Financial Statement Required: Ratio Computation Compute the following ratios for Year...

Compute the following ratios for Campbell using the information below Year 11? Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio o. Accounts receivable...

CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios:...

Would you be able to put together another monthly cash flow analysis, this time for year 1? INCOME STATEMENT Year 1 269,115.00 48,930.00 20,388.00 338,433.00 $ $ $ $ COGS $ 113,940.00 $ 125,940.00 $...

Hi, I have an Assignment for my Finance Subject. I have attached the necessary documentation here for you to view including the Lecture slides of all the Topics covered for this assignment. Please...

Hey There, Here is all the work I have done so fare and my question is the following ? Ho do I balance my balance sheet ? What are my mistakes ? What are the answers ? Thank you so much 3 1...

1. Take a look at the year-over-year income statement. How have the three companies been performing over time in terms of revenue and income growth? 2. Take a look at the common size income statement...

Chapter 18 Financial Statement Analysis Project Overview of Assignment: You are required to work in groups for this assignment. I will not accept individual projects. Working in groups of 2 or 3,...

Hi, Can you take a look at the attached material and let me know if you can help me with it and show all your work. The question is in the JPG file and you will need the Excel workbook and Word doc...

Using the scenarios in case Exhibit 9, what role does leverage play in affecting the return on equity (ROE) for CPK? What about the cost of capital? In assessing the effect of leverage on the cost of...

Ronal Canada Ltd. is a Canadian subsidiary of Ronal Inc., a U.S. multinational public corporation. You are the tax manager responsible for reviewing the corporate tax return and tax provision for the...

The data in Exercise 6 were taken from the following functions. Compute the actual errors in Exercise 6, and find error bounds using the error formulas. a. f (x) = e2x cos 2x b. f (x) = ln(x + 2) (x...

The stock of Jarvis Corporation is held as follows: 85% by Stark Corporation and 15% by Steve Rogers, an individual. Jarvis Corporation is liquidated in December of the current year pursuant to a...

1) An operating budget is the major part of the master budget that focuses on the balance sheet and supporting schedules. A) TRUE B) FALSE 2) Systematically varying budget data input to determine the...