Shelcal, Inc provides the following data for the year 2017
Sales Revenue $410,000
Sales Returns and Allowances 1,000
Sales Discounts 830
Net Sales Revenue 408,170
Cost of Goods Sold 255,000
The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)
A) 62.63%
B) 62.76%
C) 62.20%
D) 62.47%
D .D)
Percent of
2017 Total
Net Sales $408,170 100.00
Cost of Goods Sold 255,000 62.47
You might also like to view...
Anderson Co issued a $50,000, 60-day, discounted note to National Bank. The discount rate is 6%. At maturity,assuming a 360-day year, the borrower will pay
a. $53,000 b. $50,500 c. $50,000 d. $49,500
The large number of cases of false and misleading advertising has lead the Federal Trade Commission to order corrective advertising a high percentage of the time
Indicate whether the statement is true or false
Decisions made within businesses only rarely can have as great an influence on international affairs as those made within government, so they are not one of the central problems of worldwide economic integration.
Answer the following statement true (T) or false (F)
Equitable orders and remedies of the Court of Chancery took precedence over the legal decisions and remedies of the law courts
Indicate whether the statement is true or false