Financial information is presented below: Operating expenses $ 29000 Sales returns and 9000 allowances Sales discounts 3000 Sales revenue 154000 Cost of goods sold 95000 Gross profit would be $56000. $59000. $47000. $50000.

Q: What is your cost of goods sold?

A: the cost of goods sold (COGS) is the direct cost related to the production of the goods sold by a…

Q: I need help with this problem is there

A: Step 1: Find Total Revenue and Total ExpensesTotal Revenue = SalesTotal Revenue = $10,000 Total…

Q: 2. Calculate (a) the maintained markup percent and (b) the gross margin percent with the following…

A: Gross margin is the sales revenue over and above all the direct expenses in the business. Markup is…

Q: Gross profit would be

A: The gross profit is the profit which is calculated by subtracting the cost of goods sold from the…

Q: During the current year, merchandise is sold for $300,000 cash and for $625,000 on account. The cost…

A: The gross profit is calculated by deducting the cost of goods sold from the sales revenues (Cash +…

Q: The details of a Retail Merchandise business are: Sales revenues are RO 80,000 cost of goods sold is…

A: Net Profit = Total revenue - Total expenses

Q: The following information were found from the records of FDN Company: Net Purchases = P90,000…

A: The discount can be of different types as trade discount and cash discount.  The trade discount is…

Q: if the cost of goods sold is $ 400,000 and credit purchases is $250,000, the inventory balance at…

A: Inventory days turnover is calculated by dividing the number of days in a year by inventory turnover…

Q: cushman company had 834,000 in sales sales discount of 12510 sales returns and allowness of 18765…

A: Formula: Net sales = sales - sales discount - sales returns and allowances. Deduction of sales…

Q: Answer this question

A: Definition of Gross MarginGross margin is a financial metric that represents the percentage of sales…

Q: Financial information is presented below: Operating Expenses $ 90,000 Sales Returns and 26,000…

A: The gross profit margin is calculated as gross profit divided by net sales revenue. Gross profit =…

Q: Financial information is presented below: Operating Expenses $91500 Sales Returns and 18900…

A: The net sales as the name suggests is the amount of sales which has been after all the deductions…

Q: Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales…

A: INCOME STATEMENTIncome Statement is one of the Important Financial Statements of the Company. Income…

Q: Ameena traders have reported annual sales of OMR 15000, Carriage inwards of OMR 1000, Sales discount…

A: Net sales refer to the amount of sales after deducting the discount and returns from the gross…

Q: I want correct answer

A: To calculate the company's gross profit, we need to use the formula: Gross Profit=Net Sales−Cost of…

Q: Financial information is presented below: Operating expenses $ 55000 Sales returns and…

A: Sales - Sales are the revenue earned by the company from the selling inventory to the customer at…

Q: Financial information is presented below: Operating expenses $ 51000 Sales returns and allowances…

A: This question is related to the final account. The concept of the final account is defined as the…

Q: GIVE PROPER EXPLANATION OF COST OF GOODS AND GROSS MARGIN. YOU MADE A SALE FOR $588,000. THE…

A: If you make a sale for $588,000 and the gross margin is 61%, we need to solve for what the cost of…

Q: Financial information is presented below: Operating expenses $ 60000 Sales returns and allowances…

A: Gross Profit is calculated by deducting cost of goods sold from the net sales Gross Profit = Net…

Q: Financial information is presented below: Operating expenses $ 50000 Sales returns and allowances…

A:

Q: Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales…

A: Gross ProfitGross profit is the profit the company earns before the deduction of operating…

Q: Financial information is presented below: Operating expenses$51000Sales returns and…

A: Net sales revenue is the amount of sales revenue after deducting sales return & allowance and…

Q: Sunburst Electronics reported the following sales information: Cash sales: $82,750 Credit sales:…

A: Step 1: Calculate Gross SaleGross sales is the total of both cash sales and credit sales.Cash sales…