A is the answer. i hope this helps!
Answer:
64.17% and 8%
Explanation:
The computation of the percentage is shown below:
For the cost of goods sold, the percentage would be
= (Cost of goods sold ÷ Sales) × 100
= ($77 million ÷ $120 million) × 100
= 64.17%
For the net income, the percentage would be
= (Net income ÷ Sales) × 100
= ($9.6 ÷ $120 million) × 100
= 8%
Simply we put the sales in denominator side and costs of goods sold or net income in numerator side
Answer:
When making a major purchase, first determine your <u>net
</u> income by subtracting the deductions from your gross pay.
Explanation:
In business and accounting, net income is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.
Answer:
Net profit is more important to consider because it accounts for all the costs associated with making and selling the product and it includes the operating expenses that are excluded from gross profit. Gross profit is the profit made after deducting costs associated with making and selling its products, or the costs associated with providing its services.
