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stepladder [879]
3 years ago
6

Question 11 Financial information is presented below: Operating expenses $ 33000 Sales returns and allowances 5000 Sales discoun

ts 3000 Sales revenue 156000 Cost of goods sold 110000 Gross profit would be $43000. $41000. $38000. $46000.
Business
1 answer:
Sergeeva-Olga [200]3 years ago
7 0

Answer:

$38,000

Explanation:

in order to determine gross profit we must prepare the following:

total revenue                    $156,000

-cost of goods sold         ($110,000)

-sales discounts                ($3,000)

<u>-sales returns & allow.      ($5,000)</u>

gross profit                       $38,000

operating expenses ($33,000) are not included in the calculation of gross profit

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3 years ago
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Answer:

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7 0
3 years ago
Steve is preparing a market analysis for the joneses and has selected three comparable properties. how many adjustments should s
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Serhud [2]

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