During October, 2022, Red’s Catering Company generated revenues of $14,000. Sales discounts totaled $200 for the month. Expenses were as follows: Cost of goods sold of $7,700 and operating expenses of $2,000.Calculate (1) gross profit and (2) income from operations for the month.Gross profit$enter gross profit in dollars Income from operations$enter income from operations in dollars

Fresh Food Catering Ltd’s capital expenditure for the current year for new equipment was $91,700. Current liabilities and non-current liabilities were $69,100 and $284,900 respectively. Sales for the current year were $351,400, and cash flows from operations totalled $106,900. Compute the cash adequacy ratio, cash flow ratio, debt coverage ratio and cash flow to sales ratio.Important:For any amounts, please don't include the dollar sign ($) or any thousands separator - i.e., $12,000 should be written as 12000.Please round all answers to 2 decimal places (e.g., 14.55).Cash adequacy ratio Answer 1 Question 1 timesCash flow ratio Answer 2 Question 1timesDebt coverage ratio Answer 3 Question 1timesCash flow to sales ratio           Answer 4 Question 1times

Given the information below, what is the gross profit? Sales revenue $ 345,000Accounts receivable 53,000Ending inventory 113,000Cost of goods sold 239,000Sales returns 23,000Multiple Choice$86,000$83,000$209,000$106,000

Financial information is presented below:Operating expenses             $ 90,000Sales returns and allowances     26,000Sales discount                           12,000Sales revenue                         300,000Costs of sales                          154,000The amount of gross profit on the income statement would be:Group of answer choices$146,000.$152,000.$108,000.$120,000.

Question 2Lou's Tavern recorded $60,000 in sales revenue and a cost of goods sold of $45,000 on their income statement this month. What is their Gross Profit Margin? (enter your answer as a decimal and round to the nearest hundredth, example x.xx)

Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12. Costs for last year were as follows:Direct materials $25,000Direct labor $35,000Variable factory overhead $12,000Fixed factory overhead $37,000Variable selling expense $9,000Fixed selling expense $7,500Fixed administrative expense $15,500Fixed factory overhead is applied based on expected production. Last year, Fabre expected to produce 20,000 units. Assuming that beginning inventory was zero, what would be the profit under variable costing and absorption costing?  Group of answer choices$82,200; $85,900$75,000; $78,700$83,100; $79,400$83,100; $75,000None of above