Gross Profit is = Sales - Cost of goods sold |
157500=375000-Cost of goods sold |
Cost of goods sold is = (375000-157500) |
Cost of goods sold is = $ 217,500/. |
Answer is $ 217,500/. |
Question 20 5 pts A company had sales of $375,000 and its gross profit was $157,500....
A company had a gross profit of $322,000 based on sales of $411,000. Its cost of goods sold equals $733,000. True or False
A company had sales of $352,000 and cost of goods sold of $201,000. Its gross profit equals $151,000. True or False
A company has sales of $725,600 and cost of goods sold of $290,600 Its gross profit equals: Multiple Choice o $(435,000). o $725,600. o $290,600. Ο. $435,000. Ο $1,016,200.
Cushman Company had $814,000 in net sales, $356,125 in gross profit, and $203,500 in operating expenses. Cost of goods sold equals:
A company has sales of $708,600 and cost of goods sold of $283,600. Its gross profit equals:
Question 5 (1 point) If sales are $375,000, and Cost of Goods Sold equals $220,000, what is the Gross Profit Margin? a) 41.3% Ob) 58.7% Oc) 32.0% d) 15.0% O e) None of these
Hi this is for my study guide, please show work where its
applicable. Much appreciated.
1. A merchandising company:
A. earns net income by buying and selling merchandise
B. Receives fees only in exchange for services
C. Earns profit from commissions only
D. Earns profit from fares only
E. Buys products from consumers
2. Cost of goods sold:
A. Is another term for merchandise sales
B. Is the term for the cost of buying and preparing merchandise
for sale
C....
cushman Company had 842,000 in net sales 368,375 in gross profit and 210,500 and operating expenses cost of good sold equals
Question 13 5 pts Beginning inventory plus net purchases is: Sales. Purchases. Cost of goods sold. Merchandise available for sale. Ending inventory Question 14 5 pts A company had sales of $350,000, and cost of goods sold of $200,000. Its gross pront equals $550,000. O True 0 False
A company had net sales of $784,800 and cost of goods sold of $560,400. Its net income was $24,770. The company's gross margin ratio equals: