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Question 9.9. The photo department of Santiago Company shows gross sales of $730,600 for chemical supplies and $934,900 for general office supplies. It has determined that chemical supplies cost $534,000 and that general office supplies cost $391,400. What is the gross profit percentage for the general office supplies section of the photo department? (Points : 3) $543,500 74.4% 72.0% 58.1%
Question
Asked 4/7/2014 7:48:33 AM
Updated 301 days ago|2/11/2018 11:21:17 PM
1 Answer/Comment
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Flagged by emdjay23 [2/11/2018 11:21:17 PM]
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User: Question 9.9. The photo department of Santiago Company shows gross sales of $730,600 for chemical supplies and $934,900 for general office supplies. It has determined that chemical supplies cost $534,000 and that general office supplies cost $391,400. What is the gross profit percentage for the general office supplies section of the photo department? (Points : 3) $543,500 74.4% 72.0% 58.1%

Weegy: GSCS + GSOS = TGS 730600 + 934900 = 1665500 COOS + COCS = TC 391400 +534000 =925400 TGS - TC = TGP 1665500 - 925400 =740100 GSOS/TGP = % OFFICE GPOS - TCOS = TGPOS 934900 -391400 = $543500 TGPOS/TGP = % OFFICE 543500/740100 = .7344 OR [ 73.44% ]
mjassalina|Points 142|

User: Question 10.10. Those materials used in the manufacturing process that do not become a major part of the finished product are called direct materials. (Points : 3) True False

Question
Asked 4/7/2014 7:48:33 AM
Updated 301 days ago|2/11/2018 11:21:17 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [2/11/2018 11:21:17 PM]
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Those materials used in the manufacturing process that do not become a major part of the finished product are called direct materials. FALSE.
Added 301 days ago|2/11/2018 11:21:17 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/12/2018 9:43:23 AM]
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Question 1.1. Achieving profitability will automatically assure sufficient amounts of cash. (Points : 3) True False
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Not Answered
Updated 10/1/2015 1:28:47 AM
1 Answer/Comment
Achieving profitability will automatically assure sufficient amounts of cash. FALSE.

Added 10/1/2015 1:28:47 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/1/2015 2:44:17 AM], Rated good by jeifunk
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