If a company's revenue is $50,000, thecost of goods sold is $30,000, andoperating expenses are $10,000, whatis the company's gross profit?

Explanation of Revenue: Revenue is the total amount of money generated from a company's sales of…

Answered: If a company's revenue is $50,000, the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
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During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?
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Provide Answer with calculation

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If a company's revenue is $50,000, the cost of goods sold is $30,000, and operating expenses are $10,000, what is the company's gross profit?