Question

What was Swifty Consultants, LLC's sales for the period, considering a negative gross margin of (52000) and an adjusted Cost of Sales of 104000?

a) $52,000
b) $56,000
c) $104,000
d) $156,000

Answer 1

Swifty Consultants, LLC's sales for the period were calculated by adding the negative gross margin to the adjusted cost of sales, resulting in total sales of $156,000.

Step-by-step explanation:

To calculate Swifty Consultants, LLC's sales for the period, we need to understand the relationship between sales, cost of sales, and gross margin. Gross margin is typically found by subtracting the cost of sales from sales. If we have a negative gross margin of $(52,000), this means that the sales were less than the cost of sales by $52,000. Given that the adjusted Cost of Sales is $104,000, we will add this cost of sales to the negative gross margin to find the total sales.

Sales = Cost of Sales - Negative Gross Margin

Sales = $104,000 - (-$52,000)

Sales = $104,000 + $52,000

Sales = $156,000

Therefore, the correct answer is d) $156,000.