why most of the companies used gross profit method?

Q: Net revenues Cost of goods sold Gross profit RALPH LAUREN CORPORATION CONSOLIDATED STATEMENTS OF…

A: Income statement is a financial statement that records all the income and expenses of the business…

Q: 2. How would components of Revenues and Expenses differ between a merchandise company versus a…

A: a. Merchandise Company - This company does buy and sells of inventory from suppliers to customers.…

Q: Explain how is it possible for a business to earn a gross profit but still incur a net loss.

A: Profit is a financial measure that shows a business's financial performance and how much money it…

Q: How did they get the income summary?

A: Lets understand the basics. Income summary is summary which reflects the all the revenue and expense…

Q: How much was the profit of the company

A: Profits of the company for Year 2020 = Accumulated losses of year 2020 - Accumulated losses of year…

Q: What is E&P and how is it different than a company's net income?

A: E&P stands for "Earnings and Profits" and is a tax concept used by the Internal Revenue Service…

Q: What does it mean when a company has a major expense? Like for example, "The major expense for…

A: For your understanding -  There are two types of cost direct costs and indirect costs. Direct costs…

Q: How is the profit margin on sales calculated?

A: Profit margin on sale: it's categorized under profitability ratio , generally this ratio is used to…

Q: How would you describe the accounting profit?

A: The answer is about the accounting profit:

Q: What’s the company’s net income?

A: The accounting equation is the fundamental equation used in accounting that represents the…

Q: Which of the following would calculate Net Income or Net Loss? O Gross Profit - Operating Expenses O…

A: Net income is calculated as the Sales-Cost of goods sold-Operating expense Where Gross profit is…

Q: The equation for Gross Profit is "Gross Profit = Revenues - Cost of Goods." Which of the following…

A: Gross income is direct income of a business generated from direct revenues of the company. It is an…

Q: (a) How are the components of revenues and expenses different for a merchandising company? (b)…

A: There are generally two types of business organisations-merchandising businesses which sale goods…

Q: Why Gross sales is important in a Company?

A: Gross sales: Gross sales is a metric for the total sales of the company, that are unadjusted for the…

Q: What is the formula for gross profit

A: Gross profit is an excess of revenue over the cost of goods sold.it can be calculated by deducting…

Q: there no profit sharing ratio for the net income distribution board?

A: Partnership is a aggreement between two or more persons to operate a business in consideration of…

Q: What is a company’s cost structure? How can cost structure affect a company’s profits?

A: Company's cost structure expresses the proportion of fixed costs to variable cost. Cost structure…

Q: Triple Z Corporation operates 2 stores: A1 and B2. The following information relates to stores A1…

A: Company's Overall Income: The overall income of the company includes all income from all segments.…

Q: a company price goods below costs

A:

Q: total net revenue

A: Statement of comprehensive income is a part of financial statements which shows the net income from…

Q: COMPUTE THE COST OF GOODS SOLD HOW TO ARRIVE AT THE NET INCOME IF A CORPORATION IS A MANUFACTURING…

A: The cost of goods sold includes all the direct expenses or costs incurred in making of a product. It…

Q: A. Manufacturing margin? b. Contribution margin? C. Operating income for PhiladelPho's company ?

A: Mauufacturing margin is computed by subtracting variable cost of goods sold from sales.The…

Q: Explain the difference between NOPAT and net income. Which is a better measure of the performance of…

A: The net operating profits after taxes (NOPAT) is the operating profits after taxes. It includes all…