1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lubov Fominskaja [6]
3 years ago
15

Financial information is presented below: Operating Expenses $ 90800 Sales Returns and Allowances 26600 Sales Discounts 11200 Sa

les Revenue 293000 Cost of Goods Sold 158600 Gross profit would be $96600. $107800. $123200. $134400.
Business
1 answer:
Ymorist [56]3 years ago
5 0

Answer:

The correct answer would be option A, $96600.

Explanation:

Gross profit is the amount of profit which a company earns after deducting all the costs which incurred in the making and sale of the products of the company.  

Gross profit can be found out by the following formula:

Gross Profit = Total Sales - Cost of Goods Sold

Total Sales will be Sales Revenue - Sales Return - Sales Discounts

So here total sales revenue will be = 293000 - 26600 - 11200

= 255200

Total sales Revenue: 255200

Cost of goods Sold = 158600

Gross Profit = 255200 - 158600

Gross Profit = $96600

You might be interested in
The main source of revenue for local governments is _____.
AleksandrR [38]

Answer:

the main sources of revenue for local government is property taxes

3 0
3 years ago
A company that manufactures health foods doesn't want to list certain
Lelechka [254]

Because the company does not lists the ingredient in the product, then, this is an example of violation to <u>disclosure </u>aspect of consumer protection laws.

<h3>What is consumer protection laws?</h3>

The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.

One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.

In conclusion, the scenario is an example of violation to <u>disclosure </u>aspect of consumer protection laws.

Therefore, the Option B is correct.

Read more about consumer protection laws

<em>brainly.com/question/1862829</em>

3 0
2 years ago
what is the best strategy to avoid paying interest on your credit cards? who ever answers fast enough gets 30 points, so i'd hur
adoni [48]

Pay off your balance every month.

Explanation

Avoid paying interest on your credit card purchases by paying the full balance each billing cycle. Resist the temptation to spend more than you can pay for any given month, and you'll enjoy the benefits of using a credit card without interest charged

5 0
3 years ago
Read 2 more answers
A positive economic profit signals that the investors of a firm should divert their funds to alternative ventures.
Katen [24]
The correct answer is B. false.
If something is good, then there is no need to change it if there are no problems at all. If this company is making a profit because of a venture they invested in, then why would they seek alternative ventures and risk losing the profit they gained.
5 0
3 years ago
Whats 10. Budget ???????????????????????????????
Masja [62]

It's a f<span>inancial plan that reflects anticipated revenue and shows how it will be allocated in the operation of the business.. :)</span>

7 0
3 years ago
Read 2 more answers
Other questions:
  • More and more companies are increasing their interactive marketing budgets. most of this investment will be made in:
    5·1 answer
  • How much do people that don’t go to college earn
    8·2 answers
  • In the late 1990s, the United States experienced very high GDP growth, record low unemployment rates, and virtually nonexistent
    13·1 answer
  • A local business woman borrows $14,000.00 at $299.70 per month for 62 months, how much total
    9·1 answer
  • Is your company is a good, average, or weak competitive position compared to rival companies? How do you know?
    11·1 answer
  • The Securities Investor Protection Corporation is a government agency charged with administering the liquidation of failed secur
    10·1 answer
  • Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in the lake and is causin
    7·1 answer
  • Sales returns A) Refer to merchandise that customers return to the seller after the sale B) Are related to purchase discounts C)
    6·1 answer
  • Please help!! URGENT! Question &amp; answers in photo
    13·2 answers
  • Which economic activity is part of a government's fiscal policy?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!