Gross Profit is calculated by deducting the cost of goods sold, sales return and sales discount from the sales. The operating expenses is not considered for gross profit. The same is deducted from the gross profit for finding the net profit.
Gross Profit = Sales - Cost of goods sold - Sales Return - Sales Discount
Gross Profit = $150,000 - $67,000 - $13,000 - $6,000
Gross Profit = $150,000 - $86,000
Gross Profit = $ 64,000
Thus, gross profit is $64,000
Answer:
Please find the question and its complete solution in the attached file.
Explanation:
<span>The loan that requires a student to pay the interest they accumulated during college is called <u>an unsubsidized loan.</u>
There are also Federal unsubsidized loans. They are charged interest on these loans while the student is in school and also during a grace period. The student who borrows the money can choose to pay the interest every month or choose to have it put on the outstanding principal of the unsubsidized loan. Many colleges will tell the students to make a all to their loan service and set up an interest payment account.</span>
Answer:
Undergo cost is $14
Explanation:
Undergo cost of Teddy Bower is $16 ( $54 - $38)
Undergo cost the total cost for a company which is not to be recovered from the sales. The undergo cost for Teddy Bower is $14 since the company has asked for quote from different suppliers and they quoted the maximum of $38 per pair of boots. The company has best and maximum quote of $54 above which the company predicts it can not sell the pair of boots.