Ask Question
BusinessBusiness
22 March, 07:55

A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:

+2
Answers (1)
  1. 22 March, 07:59
    0
    Revenue = $752,800

    Cost of goods sold = $301,800

    To solve for the gross profit:

    Gross profit = revenue - cost of goods sold

    Gross profit = $752,800 - $301,800

    Gross profit = $451,000

    The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The payroll register of Heritage Co. indicates $13,440 of social security withheld and $3,360 of Medicare tax withheld on total salaries of $224,000 for the period. Federal withholding for the period totaled $43,140.
Answers (1)
Which of the following is not an intangible factor in a negotiation? Select one: a. the need to look good b. final agreed upon price on a contract c. the need to appear "fair" or "honorable" d. to maintain a good relationship e.
Answers (1)
Which one of the following statements related to annuities and perpetuities is correct? Multiple Choice An ordinary annuity is worth more than an annuity due given equal annual cash flows for 10 years at 7 percent interest, compounded annually.
Answers (1)
GR8 Marketing Company and Brainfreeze Tunes, Inc., sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have
Answers (1)
If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each price of SUPs, then
Answers (1)
New Questions in Business
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,100, promising to pay cash for it in 60 days.
Answers (1)
Antonio derives more utility from spending an additional dollar on boots than on gloves. We can assume that: a. the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves. b.
Answers (1)
Which profession is most likely to be concerned with the effect of supervisors management styles?
Answers (1)
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)
Home » Business » A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:
Sign Up Forgot Password?