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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.
What would be the gross if the net is 60000.00?
To calculate the gross amount from a net figure, you need to know the tax rate or deductions applied. Assuming a standard tax rate of, for example, 20%, the formula would be Gross = Net / (1 - Tax Rate). In this case, Gross = 60,000 / (1 - 0.20) = 60,000 / 0.80 = 75,000. Therefore, if the net is 60,000, the gross would be 75,000 assuming a 20% tax rate.
How do you calculate Gross rate from net rate?
add the number of women who died in her reprodution period in net reprodution rate.
What is difference between the net nitrogen mineralization rate and the gross nitrogen mineralization rate?
Gross: total nitrogen transformed form organic to mineral form in soil over a period of time Net = Gross - the ammount re-taken up by microbes during the same period of time Net is a measure of "plant available" mineral nitrogen production.
How do I calculate net price to gross price?
The formula is Gross = Net * ( Tax rate / 100 + 1) You can also use this site to calculate Gross/Net Price. http://jumk.de/bank-formulas/gross-net.shtml
How do you gross up net premiums?
To gross up net premiums, you first need to determine the applicable tax rate or other deductions that were subtracted from the gross premium to arrive at the net premium. Once you have this rate, you can use the formula: Gross Premium = Net Premium / (1 - Tax Rate). This calculation will provide the gross premium amount before any deductions were applied. Keep in mind that this method assumes a single tax rate applied to the entire premium.
What are Gross Heat Rate and Net Heat Rate?
Gross Heat Rate: Gross electricity (Power) produced by a power plant per unit fuel energy consumption. This excludes all internal power consumptions. Net Heat rate is net power production at transformer per unit fuel energy consumption by power plant.
What is the gross primary productivity minus the respiration rate of producers?
net
Why is there a difference between gross and net income?
Gross pay is the number of hours times base hourly rate. Net is what is left after Insurance, FICA, Fed and State deductions. In other words, Gross is what you make, Net, is what you spend.
What is the method for measuring horsepower when applied to the same engine to produce the lowest rating?
Net Horsepower instead of gross. net measures with all accesories on the engine. or you could rate it at a lower rpm.
How is the birthrate different from the rate of nature increase?
The rate of natural increase is the net gain in population when you subtract the Death Rate from the Birth Rate.
Do you pay tax on your gross income or net income?
You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either.
