review unit 1

review unit 1 - Unit 1 Review HUEC 3043 Profitability 3...

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Unit 1 Review HUEC 3043
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Profitability Income, COGS and Operating Expense Income Broken into 2 types: Gross Sales and Net Sales Use formulas to calculate each of these COGS: Cost of Goods Sold (How much the inventory costs the company) Operating Expense broken into 2 types: Direct and Indirect
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For Example Gross Margin%= Net Sales - COGS/Net sales If you have return percents (10%) and COGS($100) and Gross Margin%(50%) how do you figure out Gross Sales? What formulas do you need? . Gross Margin equals 100% - COGS % COGS % equals COGS divided by Net Sales: 50%=100% - 50% 50%=$100/Net Sales Net Sales=$100/.50 Net Sales=$200 Gross Sales=$200/100%-10% Gross Sales=$222.22
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Sample Problems Calculate Gross Sales if returns were 12.5% and net sales were $438,418 Calculate Customer Returns % if Gross Sales were $245,000 and Net Sales were $237,675 Calculate Net Sales if Customer Returns were $112 at 10.4%
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review unit 1 - Unit 1 Review HUEC 3043 Profitability 3...

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