If the amount of net sales is RM23,000, net purchase is RM10,000 and t cost of sales is RM2,450, determine the amount of gross profit/loss. O Gross profit RM20,550 O Gross loss RM20,550 O Gross profit RM10,550 O Gross loss RM10,550

Q: If cost of goods sold is £8,000, gross margin is £5,000 then revenue will be: а. None of the answers…

A: Sales represents the revenue that a company is able to generate by selling the core business…

Q: Need Help with this Question

A: 1. Calculation of sales: Sales = Gross profit + COGS= $1,600,000 + $575,000= $2,175,000  2.…

Q: Net Sales $336,500 Cost of Goods Sold $132,200 $ Gross Margin ($) Operating Expenses $109,000 $ Net…

A: Net profit is the amount of sales revenue left after paying all the operating expenses incurred…

Q: Net Sales $336,500 Cost of Goods Sold $132,200 $ Gross Margin ($) Operating Expenses Net Profit ($)…

A: Introduction: Net profit: Deduction of all expenses from revenues derives the net profit. Net profit…

Q: goods sold ofit Expenses ative expenses erating expenses efore income taxes ax expense ne Amount…

A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…

Q: net sales is

A: Net Sales is the Revenue that is reported in the profit and loss account of the entity  The formula…

Q: Sales Sales Revenue Less Sales Discounts Net Sales Cost of Goods Sold Gross Profit Operating…

A: Income Statement - Income Statement includes Revenue earned and Expenses incurred during the…

Q: Revenue (with VAT) - 300 Costs of sales 270 Selling costs - 20 Profit from sales (profit +, losses…

A: Answer -      Calculation of Profit/ Loss -  Particular Amount Revenue with VAT 300 Less :…

Q: The tollowing accounts are extracted from the worksheet of X Company on December 31, 2020: Cost of…

A: Net purchase :  Net purchase is calculated by taking the total cost of invoiced goods and deducting…

Q: Sales Rs= 10,000, Gross Profit Rs= 3,000, Cost of Goods Sold Rs=? Gross profit Rs= 5,000, Gross…

A: Sales means the net revenue to be received from sale of goods or services. Cost of goods sold means…

Q: If the Gross profit is Rs. 5,000 and the net profit is 25% of the Gross profit. The ?expenses must…

A:

Q: Alaliya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales…

A: The term sales revenue represents gross earnings generated by a business entity from selling goods…

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

A: Net Sales :— It is gross sales revenue less sales discount less sales return and allowances.…

Q: Sales revenue Cost of goods sold Operating expenses (including depreciation) Depreciation. Cash paid…

A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…

Q: If the sales are 105000 $ and cost of goods sold is 45000 $. Current/noncurrent rate method is used.…

A: Income statement is a financial statement which shows income and expenses of the business. All…

Q: If the total sale is P125,750.00, the cost of sales is 42.25% of the total sales, and the operating…

A: Total sales = P125,750.00 Cost of sales = 42.25% Operating expenses = P15,429.30

Q: Calculate the value of the EBT.

A: An income statement is s financial statement that is prepared to know the amounts of income earned…

Q: is fost by selling Selling goods for Rs 1475- what would be the loss or gain if they 13% goods are…

A: The selling price (SP) and cost price (CP) are important concepts in business and finance. The…

Q: Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING…

A: The correct option is  A. 120000

Q: ABC Company had gross sales revenue of $200,000, returns and allowances of $10,000, purchase…

A: Introduction:- Net sales is the sum of a company's gross sales minus its returns, allowances, and…

Q: Sales revenue Sales returns and allowances Net sales revenue Cost of goods sold Gro Ho 5,750 jogo…

A: Introduction: Gross Profit: Deduction of Cost of goods sold from Net sales revenue derives the Gross…

Q: ETR

A: Effective tax rate shows the percentage of taxable income that individual pay in terms of taxes. For…

Q: Sales Cost of goods sold Gross Profit Operating expenses P800,000 480,000 320,000

A: Formula used: Each line item value % = ( Each line item value / Sales value ) x 100

Q: Sales Cost of Sales Net Beg Net Ending Goods returns Sales Inventory Purchases Inventory Sold 5,000…

A: Sales revenue: Sales revenue is the amount earned by the company by selling the goods or providing…

Q: Cost of Goods Gross Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns…

A: Formula: Gross profit = Net sales - cost of goods sold

Q: 7YReferring to the following table, what is Net sales revenue? Sales revenue $460,000| Cost of goods…

A: Formula: Net sales revenue = Sales revenue - Sales discounts - Sales returns and allowances

Q: What is the cost of goods sold? O A. $751,700 OB. $364,500 O C. $455,400 O D. $520,600

A: Definition: Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a…

Q: evenue for the year amounted to R4 500 000 and represents net sales to third parties of goods…

A: Gross profit = Net sales x Gross profit rate = R4,500,000 x 40% = R1,800,000

Q: 7)Refemng to the following table, what is Net sales revemue? $460,000 Sales revenue Cost of goods…

A: Formula: Net sales revenue = Sales revenue - sales discounts - sales returns and allowances

Q: What is the micro-stop store's gross profit, if the total sales is P125,750.00 and the cost of sales…

A: Total sales = P125,750.00 Cost of sales ratio = 42.25%

Q: Sales Cost of goods sold Selling expenses Net income O a. 12% O b. 14% C. 67% $357,143 239,286…

A: Vertical analysis of an income statement is one of the types of income statement in which all items…

Q: 6. What would the amount of cost of sales be in the following scenario? Purchases returns, R8 000;…

A: Cost of Goods Sold is the cost of producing the goods, and it consists of direct materials, direct…

Q: Given the information below, what is the profit percent? Round your answer to two decimal places…

A: Given: Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570…

Q: 2/trom the following tralasaction, prepar income Statemant sales reven ue tiaished Goods 5000 Net…

A: Preparation of income statement are as follows

Q: Calculate the missing amounts. a b d e Net sales Cost of goods sold Gross profit from sales…

A: An income statement is a financial report that summarizes a company's revenues and expenses over a…

Q: Sales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000 Determine the values of Net…

A: Formula used: Gross profit = Net sales - cost of goods sold Deduction of cost of goods sold from net…

Q: Sale Purchases Gross Profit Selling Expense Admin cost Operating Profit a) What is the difference…

A: Sure! Here's an overview of the calculations and concepts:a) Markup vs. Margin: Markup is the amount…