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Sav [38]
3 years ago
8

What is the term applied to the amount that net sales exceeds cost of goods sold on an income statement?

Business
1 answer:
Oxana [17]3 years ago
7 0

Answer:

Gross profit / Gross Income

Explanation:

Term applied to the amount that net sales exceeds cost of goods sold on an income statement is Gross profit / Gross Income. We deduct cost of gods sold from Net sales to calculate Gross profit / Gross Income in the income statement. After this we deduct operating expenses to calculate Net profit / Net Income.

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For which of the following random variables would the use of a Normal distribution as a model be a clear error?
Zinaida [17]

Answer:

A. The number of houses that an individual owns

Explanation:

The use of normal distribution in option A would produce an error. That is the number of houses individuals own.

We know that people can own 1 house or more than 1 house or no house at all. But a person can never be said to have less than 0 houses.

Option a is going to be skewed positively. Using Normal distribution would give us an error.

8 0
3 years ago
To change the name for a control, change the ____ property on the property sheet.
BlackZzzverrR [31]
<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ You would need to change the 'caption' property on the property sheet.

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

5 0
3 years ago
What is the most used instrument for controlling the money supply?
alina1380 [7]
<span>open market operations.</span>
7 0
4 years ago
A restaurant has fixed costs of $53,400 for the month of March 0006. The average check is $12.95, with an average variable cost
SashulF [63]

Answer:

9587 orders are needed to achieve breakeven sales revenue for March' 06  

Explanation:

Break Even Point is where firm earns Total Revenue (TR)  equal to its total cost (TC)

  • Total Revenue = Average Revenue or Price x Quantity ;
  • Total Cost = Total Fixed Cost + Total Variable Cost

Let quantity i.e unit of sales revenue be = x

Above 2 formulas & ; Total Variable Cost = Average Variable Cost x Quantity implies :-

12.95x = 7.38x  + 53400

12.95x - 7.38 x = 53400

5.57 x = 53400

x = 53400 / 5.57

x = 9587

6 0
4 years ago
If you want to prevent any disputes about the application of the parol evidence rule, what should you do?
Scilla [17]

Answer:

Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.

Cheers!

3 0
3 years ago
Read 2 more answers
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