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Gross profit During the current
Gross profit
During the current year, merchandise is sold for $107,300 cash and $586,200 on account. The cost of the goods sold
1 answer
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Question Content Area Determining gross profit During the current year, merchandise is sold for $23,680,000.
1 answer
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Which of the following is the common balance sheet layout?
A. assets = liability + owner’s equity B. profit = revenue – total
0 answers
asked by
lauren
567 views
The sales revenue of one of the hotels was $900000. The gross profit was $315 000. Calculate the gross profit margin
1 answer
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Which of the following is not considered a "Liquidity Ratio"?
Responses Current Ratio Current Ratio Quick Ratio Quick Ratio
1 answer
70 views
Create a table comparing the gross profit for this product’s sales for the month of June under each of the two formulas (1)
0 answers
asked by
thara
511 views
TAXATION REVISION
R Sales (Gross Income) 2 500 200 Less: Cost of sales (less deductions) (1 400 300) Gross profit (taxable) (n/a)
1 answer
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Consider the following incomplete income statement:
Sales=$2,531,700.00 COGS=39.00% of sales Gross Profit Margin=61.00% of sales
7 answers
asked by
123
35 views
A business has a rate of return of seven times. At one time the business had an average stock of sh 142,000. The trade discounts
0 answers
asked by
Mesh
462 views
6. Assume jose company has the ff reported amounts: sales revenue $506,000, sales returns and allowance $13,000, cost of goods
1 answer
asked by
Alazer Hagota
117 views