how to calculate cost of sales and gross profit​

Answers

Answer 1
Answer:Answer:Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales)

Related Questions

Type the correct answer in the box. Spell all words correctly.
Which pricing strategy involves setting a high price for an exclusive, high-end product?
The
pricing strategy involves setting a high price for an exclusive, high-end product.

Answers

It could be branding...

Answer:

premium pricing strategy

Explanation:

plato

1. What factors would lead to an increase in population.
global warming, pollution and birth rates
better health care, access to food and clean water
access to water, public transportation and pollution
O public transportation, migration and jobs

Answers

Answer:

global warming, pollution and birth rates

Explanation:

I hope this helps! ^^

☁️☁️☁️☁️☁️☁️

In a restaurant, how does a poor kitchen layout impact the staff?
Poor kitchen layout results in poor _______ in staff.

Answers

Answer:

Effeciency

Explanation:

In a restaurant, how does a poor kitchen layout impact the staff?

Poor kitchen layout results in poor EFFICIENCY in staff.

(e) Choose the gerund form of the verb from the following.
(1) swim (ii) swimmer (ii) swam
(iv) swimming​

Answers

Answer:

I believe the answer is swimming. I apologize if it is not. I hope this helped a little.

Andrew’s company uses a special email program for communicating within the organization. What should the company do to ensure that its employees are able to access the inbox even when they are away from office?

Answers

Answer:

Make a program available as a web app

Explanation:

Since in the given situation it is mentioned that the Andrew company used a special email program for communication within the organization so is able to ensure that the employees able to access still when it is away from the office so here the program should be made that would be a web app

Therefore the same would be considered

does anyone else's parent threaten to abuse them when you do bad in school or is it just me?

Answers

Answer:

.....

Explanation:

wow-

Which strategy best helps a famous brand company reach consumers?


selling at trade shows
sending out mailings in small towns
advertising nationally
marketing selectively

Answers

Answer:

C.) advertising nationally

Explanation:

This is the correct answer. The person above may only have a 3-star rating, but they are correct.

The correct answer is C.) advertising nationally This is the correct answer.  when The person above may only have a 3-star rating, also but they are correct.When National advertising is any advertising that is placed by a company, organization, or individual that is operated on a national or regional (multi-state) basis.

Learn more about:

https://brainly.com/question/17615860

What is the role of the third part in mediation?
A. Adversary
B.Advocate
C.Friend
D.Facilitator

Answers

Answer:

b

Explanation:

Answer:

facilitator

Explanation:

1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance

Answers

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

Car crashes in the United States result in high costs. In what areas do these high costs occur?

Select the 2 answer options that apply.

Money


Work time


Human lives


Sleep

Answers

Answer:

human lives and money i took that quic

what are the important features of utility?​

Answers

Answer:

Utility is the want-satisfying power of a commodity. It is the satisfaction, actual or expected, obtained from the consumption of a commodity. Characteristics of Utility are: Utility is psychological: It depends on the mental attitude and assessment of the person consuming the commodity and also his likes and dislikes.

An investor thought that market interest rates were going to decline. He paid $19,000 fora corporate bond with a face value of $20,000. The bond has an interest rate of 10% per year payable annually. If the investor plans to sell the bond immediately after receiving the 4th interest payment, how much will he have to receive (sell it for) in order to make a return of 14% per year?

Answers

Answer:

$22,251

Explanation:

Coupon rate = $2,000

Now, we calculate the seired sale price of the bonds:

19,000 = 2,000[P/A, 14%, 4] + S[P/F. 14%, 4]

19,000 = 2,000(2.9137) + S(0.592)

S = (19,000 - 5,827.4) / 0.592

S = 22251.01351351351

S = $22,251

So, he have to receive $22,251.

An example of this operating expense is checkout counters.

1) Advertising
2) Fixtures
4) Rent
5) Equipment

Answers

Im pretty sure its 2) Fixtures

Sorry if its wrong

Answer:

On EDGE it's A. Fixtures

Explanation:

The answers are listed wrong here for the edge question but it is fixtures for either.

A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE

Answers

I believe it’s true but I could be wrong

Which business environment are SMEs part of? Micro, market,macro environment and why

Answers

Answer:

Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.

studiousguy.com › Marketing

Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences)

Answers

Answer:

There are a thousand and one scenarios that would make me break my piggy bank.

Explanation:

If I came across a  very good deal, I'd draw from my financial reserve and empty it if need be to take advantage of such an opportunity.

Imagine for instance that a 2020 Chevrolet Silverado 2500HD truck which normally goes for about $34,000 is suddenly available for whatever legitimate reason for about $10,000 and its only 3 months old without dents or any mechanical fault, perhaps the owner needs cash for something equally more profitable to them, I'd grab the opportunity to buy it and resell at a higher price in order to turn a decent profit.

For a car that has only been used for three months, I can resell easily and very quickly at half the original price making a $7,000 in profit or I decide to hold on a little while can actually sell at a much higher price for nearly $30,000 perhaps one or two thousand dollars less and still make an extremely good profit.

Cheers

LETS DEBATE AB ABORTION.

Answers

I’m pro choice but respect everyone’s opinion:)

Answer:

i dont like the idea of them but if  you must get one to survive then do it

Explanation:

I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)

Answers

Answer:

I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.

What are some similarities and differences between Home Depot, Target, and Petsmart?

Answers

Answer:

They all are stores and having customers and sell products but a difference is they sell different things like pet food and wood power tools

hey does anyone play nitro type!?

Answers

Yes. That game used to be the best

yeah lol I used to play all the time but I sucked at it

What type of contract is a hire purchase agreement?

Answers

Agreeing to purchase goods in installments over a period of time is the foundation of hire purchase. It is almost identical to an installment plan, except that in a hire purchase, the seller owns the goods until you make the final payment (like lease-to-own or rent-to-own).

Preliminary interviews are only required for the highest paying positions.

True or False?

Answers

False, because there’s lots that r like that

Read the excerpt from “The Monkey's Paw.”
Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said, slowly. "It seems to me I've got all I want."
"If you only cleared the house, you'd be quite happy, wouldn't you?" said Herbert, with his hand on his shoulder. "Well, wish for two hundred pounds, then; that'll just do it."
His father, smiling shamefacedly at his own credulity, held up the talisman, as his son, with a solemn face, somewhat marred by a wink at his mother, sat down at the piano and struck a few impressive chords.
"I wish for two hundred pounds," said the old man distinctly.
A fine crash from the piano greeted the words, interrupted by a shuddering cry from the old man. His wife and son ran toward him.

Which phrase indicates a change in mood within the excerpt?

“struck a few impressive chords”
“smiling shamefacedly at his own credulity”
“a fine crash from the piano”
“interrupted by a shuddering cry”

Answers

Answer:

“smiling shamefacedly at his own credulity”

Explanation:

Answer:

its c

Explanation:

The accompanying chart shows the qualitative characteristics of useful accounting information. Fill in the blanks. Fundamental Qualities Usefulness Enhancing Qualities Relevance Consistency select an aspect of relevance select an enhancing quality select an aspect of relevance select an enhancing quality select an aspect of relevance select an enhancing quality Understandability Faithful Representation select an aspect of faithful representation Neutral select an aspect of faithful representation

Answers

Answer:

Follows are the solution to this question:

Explanation:

please find the attached file.

In point a the answer is "predictive value", Its sensitivity and precision of the results as well as diseases pervasiveness throughout the populace being tested involve determining predictive power.

In point b, the answer is "confirmatory value" which allows users to check and verify previously estimated or assessments.

In point c, the answer is "materiality" is the importance of certain facts to a sensible user throughout the decision-making and also how their incorporation in the financial reports will impact the assessment of past, portray, and upcoming things.

In point d, the answer is complete.

In point e, the answer is free of error.

In point f, the answer is "comparability " its quality of financial reports, which involves comparing yet another company's financial reporting with yet another firm's earnings reporting.

In point g, the answer is "verifiability " must be verified by the same information and hypotheses.

In point h, the answer is "timeliness "it is a prompt method that is how quickly taking account data for users is accessible.

Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each.

Indicate whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.

Statement Price Control Binding or Not

1. The government has instituted a legal minimum price of $8 each for hamburgers.

2. The government prohibits fast-food restaurants from selling hamburgers for more than $8 each.

3. Due to new regulations, fast-food restaurants that would like to pay better wages in order to hire more workers are prohibited from doing so.

Answers

Answer:

price floor

Explanation:

due to new regulations, fast food restaurants that would like to pay better wages in order to hire more workers are prohibited from doing so

what would wages look like if there was no minimum wage?

Answers

Answer:

if changed now they'd probably stay the same

Explanation:

people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%

Answers

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= [tex]\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}[/tex]

On substituting the given values, we get

= [tex]\frac{800}{50,000}[/tex]

= [tex]0.016[/tex]

i.e.,

= [tex]1.60 \ percent[/tex]

Sales of quilt covers at bud​ banis's discount department store in carbondale over the past year are shown below. management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months​ (march, april,​ may, and​ june):

Answers

Answer:

The MAD is 15.50

Explanation:

Note: The question was incomplete, please find the attached complete question.

MAD for forecast

MAD refers to mean absolute deviation.

MAD determines the forecasted value of the demand from the actual demand.

MAD is described as a mean deviation for every period in absolute terms.

The MAD is calculated as follow

Month ____ Sales Units ___ Forcasted Value ____ Absolute deviation

____________ X _____________ Y ______________ |X – Y|  

March _____ 101 units _______ 120 units __________ 19 units

April ______ 96 units ________114 units ___________18 units

May _______89 units ________112 units ___________23 units

June______ 108 units ________110 units ___________2 units

Total absolute Deviation ________________________ 62 units

Calculate the Mean of absolute Deviation as follow

Mean of absolute Deviation as follow = Total absolute Deviation / Numbers of months

Mean of absolute Deviation as follow = 62 units / 4 months

Mean of absolute Deviation as follow = 15.50 per month

Mean of absolute Deviation as follow = 15.50

If John made $23,562.55 in wages, and $2,679.32 cents in tips, what amount should he enter for his income when filling out his 1040 ta
return form?
$24,902.21
$23,562.55
$2,679.32
$26,241.87

Answers

Answer:

Explanation:

$26,241.67

The answer is $26,241.87

an object is placed at a distance of 20cm from convex lens of focal length 15cm find the image distance​

Answers

Answer:

Image distance = 60 cm

Explanation:

Object distance from a convex lens = 20 cm

Focal length of convex lens = 15 cm

Use the following relation between the object distance, focal length and image distance.

[tex]\frac{1}{object\,\,distance}+\frac{1}{image\,\,distance} =\frac{1}{focal\,\,length}[/tex]

[tex]\frac{1}{20}+\frac{1}{image\,\,distance}=\frac{1}{15}\\\\ \frac{1}{image\,\,distance}= \frac{1}{15}-\frac{1}{20}\\\\ \frac{1}{image\,\,distance}= \frac{4-3}{60} \\\\ \frac{1}{image\,\,distance}=\frac{1}{60}[/tex]

Therefore,

Image distance = 60 cm

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