Gross benefit for a merchandiser is net sales minus a. Operation expenses. B. Price of goods sold. C. Sales discounts. D. Cost of goods accessible for sale.

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Gross benefit is calculated by individually ________ indigenous _________, a. Operating expenses, net income b. Sales discounts from sales revenue c. Cost of products sold, net sales revenue d. Merchandise inventory, expense of goods sold

Description : Gross profit is calculation by individually ________ native _________, a. Operation expenses, net income b. Sales discounts native sales revenue c. Expense of goods sold, network sales revenue d. Merchandise inventory, cost of items sold

Answer : c. Cost of goods sold, network sales revenue


Cole firm has sales revenue that $39,000, expense of items sold the $24,000 and also operating prices of $9,000 because that the year ended December 31. Cole"s gross profit is a. $30,000. B. $15,000. C. $6,000.

Description : Cole firm has sales revenue the $39,000, price of goods sold of $24,000 and also operating costs of $9,000 because that the year ended December 31. Cole"s gross benefit is a. $30,000. B. $15,000. C. $6,000.

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Answer : b. $15,000.


Indicate which one of the adhering to would show up on the earnings statement that both a merchandising agency and a company company. A. Gross profit b. Operating costs c. Sales earnings d. Price of goods sold

Description : indicate which one of the adhering to would appear on the income statement the both a merchandising agency and a organization company. A. Gross benefit b. Operating costs c. Sales earnings d. Cost of items sold

Answer : b. Operation expenses


Which the the following expressions is incorrect? a. Gross profit – operating prices = operating earnings b. Sales – price of products sold – operating expenses = operating income c. Operating income + operating costs = gross profit d. Operating costs – price of items sold = pistol profit

Description : i m sorry of the following expressions is incorrect? a. Gross profit – operating expenses = operating revenue b. Sales – expense of items sold – operating costs = operating income c. Operating revenue + operating prices = gross benefit d. Operating expenses – cost of items sold = pistol profit

Answer : d. Operating costs – expense of items sold = gun profit


A agency shows the complying with balances: Sales $1,000,000 Sales Returns and Allowances 180,000 Sales Discounts 20,000 cost of goods Sold 560,000 What is the gross profit percentage? a. 56% b. 70% c. 44% d. 30%

Description : A company shows the adhering to balances: Sales $1,000,000 Sales Returns and also Allowances 180,000 Sales Discounts 20,000 expense of items Sold 560,000 What is the gross benefit percentage? a. 56% b. 70% c. 44% d. 30%