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Ierofanga [76]
1 year ago
8

A company has net sales of $852,000 and cost of goods sold of $565,000. its net income is $101,800. the company's gross profit a

nd operating expenses, respectively, are?
Business
1 answer:
Murljashka [212]1 year ago
5 0

Answer is $287,000 and  $185,200 respectively for the company's gross profit and operating expenses.

Let us see how to solve it. As we can see the formula for Gross Margin is as follows -

Gross Margin= Net Sales − Cost of Goods Sold which is $852,000 − $565,000 = $287,000. So the total Gross Margin is $287,000.

Now the formula for Operating Expenses  is as follows-

Operating Expenses= Gross Margin − Net Income; Hence we have to do  $287,000 − $101,800 = $185,200.  So the total Operating Expenses is $185,200. Hence answer is $287,000 and  $185,200 respectively for the company's gross profit and operating expenses.

Learn more about operating expenses here-

brainly.com/question/14995350

#SPJ4

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Answer:

$125,000

Explanation:

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During the year,

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Withdrawal by owner = $45,000

The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.

Net income from the year = $140,000 - $50,000 - $45,000

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This will be added to the opening owner's equity to get the closing owner's equity.

Owner's equity at the end of the​ year = $80,000 + $45,000  

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A real estate broker has a computerized loan origination (CLO) terminal in her office. Because there are more than a dozen lendi
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3 years ago
Is the cost of equity calculated from the CAPM model, pre -tax or post-tax?
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3 years ago
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B. $23,000

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