Gross profit is equal to:
a. sales plus sales returns and allowances less sales discounts less cost of merchandise sold.
b. sales less (sales discounts and sales returns and allowances) less cost of merchandise sold.
c. sales less (sales discounts and sales returns and allowances) plus cost of merchandise sold.
d. sales plus sales discounts less sales returns and allowances less cost of merchandise sold.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gross profit is equal to: a. sales plus sales returns and allowances less sales discounts less cost of merchandise sold. b. sales less ...” 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
All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest. A. True B. False
Answers (1)
Which section of the economy makes up the majority of spending on goods and services
Answers (1)
Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respectively.
Answers (1)
Why is it difficult to create sustainable cocoa operations? a. farmers do not have access to cell phones. b. fertilizer is not available in africa. c. valentine's day puts tremendous stress on restaurant supply chains. d.
Answers (1)
J-Chron's board of directors periodically meets with the CFO of the company. The CFO reports on the financial status of a company project.
Answers (1)
New Questions in Business
How did collis p huntington spend his money business wise?
Answers (1)
Shawn loves to snowboard. he enjoys performing aerial tricks after launching off high jumps. the higher in the air he goes and the farther he travels, the better. which theory best explains shawn's motivation to snowboard?
Answers (1)
Since business strategies may change often, compensable factors should rarely be added or deleted. a. True b. False
Answers (1)
Which program is not a cash-transfer program?
Answers (1)
Parties more interested in managerial accounting data than in financial accounting data include
Answers (1)