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Pizza and chicken.

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15y ago

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Continue Learning about Accounting

What is considered a reliable and easy to use bookkeeping software?

Quickbooks is by far the BEST bookkeeping software there is. It is sold in most major department stores all over the US. You can get them at office supply and computer supply stores and even online at discounted prices. Lots of buisness use quickbooks for there payroll and other bookkeeping needs a very good product and the best ever!


What type of tax generates the most revenue for the US government?

Sales tax


Do employers deduct occupational tax on living allowances?

In the US, in most situations, calling a payment for something - like for housing or food or a car, etc., does NOT change it from being work income and taxable. In fact, even if there is no payment but just the provision of the benefit, an apartment, car, etc., it is taxable at the value received.


How do you calculate cost of services sold?

This depends on the service being provided, but in general is pretty much the same. For example let us use a Painter who is painting your house. The cost of supplies (i.e. paint, brushes, etc) are calculated at cost to the contractor and is the "expense" of doing the service. Also calculating the cost of employee's (in many cases) is an expense and is calculating in the cost of services sold.


United services and supplies reports net income of 60000 and cost of goods sold of 360000. If US and ampS's gross profit rate was 40 net sales were?

To find the net sales, we can use the gross profit rate formula. The gross profit is calculated as gross profit rate multiplied by net sales. Given the gross profit rate of 40%, we can set up the equation: Gross Profit = Net Sales × Gross Profit Rate Net Income = Gross Profit - Cost of Goods Sold First, we need to determine gross profit, which can be found by adding net income to cost of goods sold: Gross Profit = Net Income + Cost of Goods Sold = 60,000 + 360,000 = 420,000. Now using the gross profit formula: 420,000 = Net Sales × 0.40 Net Sales = 420,000 / 0.40 = 1,050,000. Thus, US and S's net sales were $1,050,000.

Related Questions

What most food sold in the US?

The Cheeseburger is the most sold food in the United States.


What territory or area that is now part of the US was viewed as not profitable by the country that sold it?

Russia sold Alaska to the US because Russia did not think the area was profitable.


Most profitable food in the us?

Pizza, Cheese burger, Big Mac and Whopper


What is the most profitable cereal in the US?

cheerioscheerios


What is the most profitable amusement park in the US?

Disney.


Where is the most profitable Walmart?

When I went on a cruise to Alaska, the tour guide told us the Ketchikan Walmart was amongst the 10 most profitable Walmarts, it sold out completely from ALL of their inventory in 2 days, since people from remote areas of Alaska will buy in bulk because they will come only once a month for food and necesities. Another Walmart that's amongst the 10th most profitable is the one in Calexico, CA a small town bordering Mexicali, in Baja, Mexico, where the bulk of their business comes from.


What is the most profitable export in the US today?

crude oil


What is the most profitable invention in US history?

it's the telephone


Which US state is most profitable?

California is often considered the most profitable US state due to its diverse economy, including technology, entertainment, agriculture, and tourism. The state boasts a high GDP and is home to many successful companies and industries.


What are some of the most profitable home loan mortgage companies in the US?

Some of the most profitable mortgage companies in the US, are: Bank of America, Wells Fargo Mortgage, CitiMortgage, U.S. Bank Home Mortgage, and Sun Trust Bank.


What car is most sold in US?

The most sold car in the US isn't a car it's a truck..The Ford F-150


What is the most commonly sold type of carrots sold in the US?

Imperator carrots