Solved Operating Expenses Sales Returns And Allowances Sales Chegg Question: operating expenses sales revenue cost of goods sold $40,000 150,000 90,000 financial information is presented below: gross profit would be $20,000. $60,000 $110,000. $150,000. show transcribed image text here’s the best way to solve it. A company reports the following information for june: sales revenue $ 104,000 income tax expense $11,000 operating expenses 22,000 cost of goods sold 65,000 deferred revenues 15,000 nonoperating revenues 12,000 what the gross profit?.
Solved Sales Revenue Cost Of Goods Sold And Operating Chegg Sales: sales revenue: $62,500 less: sales discounts: $3,300 less: sales returns and allowances: $1,800 net sales: $57,400 cost of goods sold: cost of goods sold: $20,000 gross profit: gross profit: $37,400 operating expenses: utilities expense: $2,200 depreciation expense: $22,900 total operating expenses: $25,100 operating income: operating. Bus 102 homework chapter 15 exerci: revenue and expense data for the current calendar year for tannenhill company and for the electronics industry are as follows. tannenhill's data are expressed in dollars. the electronics industry averages are expressed in percentages. electronics tannenhill industry company average sales $4,000,000 100% cost of goods sold (2,120,000) (60)% gross profit. Financial information is presented below: operating expenses $ 42,000 sales returns and allowances 12,000 3,000 165,000 sales discounts salos revenue cost of goods sold the profit margin would be 96,000 18% 6% 8% 36% what is a difference between the profit margin and the gross profit rate? none, these are interchangeable terms the gross profitrate is computed by taking net sales over gross. C. operating expenses and financing expenses. d. cost of goods sold and operating expenses., sales revenue less cost of goods sold is called a. marginal income. b. net income. c. net profit. d. gross profit., cost of goods sold is determined only at the end of the accounting period in a. a perpetual inventory system. b. a periodic inventory.
Solved Sales Revenue Cost Of Goods Sold And Operating Chegg Financial information is presented below: operating expenses $ 42,000 sales returns and allowances 12,000 3,000 165,000 sales discounts salos revenue cost of goods sold the profit margin would be 96,000 18% 6% 8% 36% what is a difference between the profit margin and the gross profit rate? none, these are interchangeable terms the gross profitrate is computed by taking net sales over gross. C. operating expenses and financing expenses. d. cost of goods sold and operating expenses., sales revenue less cost of goods sold is called a. marginal income. b. net income. c. net profit. d. gross profit., cost of goods sold is determined only at the end of the accounting period in a. a perpetual inventory system. b. a periodic inventory. Learn the definition, formula, and variables surrounding the cost of goods sold (cogs). understand how you can use it to improve your business's profitability. Net income = revenues – expenses in the case of multiple steps, first, the gross profit is calculated by subtracting the cost of goods sold from revenues. then the operating income is computed by deducting operating expenses from gross profit, and finally, the net income calculation is done by adding operating income and non operating items.
Solved Sales Revenue Cost Of Goods Sold And Operating Chegg Learn the definition, formula, and variables surrounding the cost of goods sold (cogs). understand how you can use it to improve your business's profitability. Net income = revenues – expenses in the case of multiple steps, first, the gross profit is calculated by subtracting the cost of goods sold from revenues. then the operating income is computed by deducting operating expenses from gross profit, and finally, the net income calculation is done by adding operating income and non operating items.
Solved Operating Expenses Sales Returns And Allowances Sales Chegg
Solved Operating Expenses Sales Revenue Cost Of Goods Sold Chegg
Solved Operating Expenses Sales Revenue Cost Of Goods Sold Chegg