Provide Answer about this Question with Correct option If sales revenues totals $450,000, cost of goods sold is $320,000, operatingexpenses are $90,000, and nonoperating expenses are $20,000, how much isthe gross profit?a. $130,000b. $360,000c. $40,000d. $270,000e. $450,000

Step 1: Introduction to Gross Profit:Gross profit represents the difference between the sales…

Answered: If sales revenues totals $450,000, cost…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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the gross profit ( 2250 000 )$ , and the sales value ( 8550 000 )$ . Total cost ?
A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals a. $743,000. c. $357,000. e. $(193,000). b. $550,000. d. $193,000.
If the gross profit ( 2250 000 )D. The total Cost ( 4750 000 )D. , and the Sales value ( 7000 000 )D.The percnt of gross ?/
If Net Sales Revenue is $108,000, Gross profits are $28,000 and Operating expenses are $12,000. What is the Cost of Goods Sold and Net Profit or Loss? 1. COGS $38,000 and Profit $98,000 2. COGS $88,000 and Proft $10,000 3. COGS $80,000 and Proft $16,000 4. COGS $98,000 and Loss $38,000 Which step in the accounting cycle occurs prior to the preparation of the financial statements? 1. Record and post adjustments 2. Analyse transactions 3. Analyse the changes in the accounts 4. Close the accounts Bluefield Limited is considering a project that will require an initial investment of $50 000 and is expected to generate future net cash flows of $10 000 annually for years 1 to 3 and $5000 annually for years 4 to 10. The project's payback period is: 1. 4 years 2. 5 years 3. 6 years 4. 7 years
Assuming Net Sales is $180,000, Cost of Goods Sold is $79,000, Selling Expenses are $28,500, General Expenses are $22,800, and Interest Expense is $2,000, then Income from Operations is a.$101,000. b.$95,300. c.$72,500. d.$49,700. e.$27,700.
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5. If sales revenues are P400,000, cost of goods sold is P310,000, and operating expenses are P60,000 the gross profit is: a. P90,000O b. P340,000 c. P400,000 d. P30,000
O Given Gross Margin of $212,000, Cost of Goods Sold of $544,000, Sales of $756,000 and net income of $65,000 what is Selling, General and Administrative expense 8$147.000 6. $132,000 c. $156,000 d. $488,000 e. $212,000
A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: Multiple Choice $(417,000). $695,000. $278,000. $417,000. $973,000.
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SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold? a. 360,000 b. 590,000 c. 840,000 d. 1,090,000
Brad Gravel Pitt Company has sales of $495,000 and cost of goods sold of $302,000. Selling and administrative costs are $100,000. Taxes are $40,000. a. What is the Choose.. gross profit?

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If sales revenues totals $450,000, cost of goods sold is $320,000, operating expenses are $90,000, and nonoperating expenses are $20,000, how much is the gross profit? a. $130,000 b. $360,000 c. $40,000 d. $270,000 e. $450,000