Answer:
Cost of goods sold is subtracted from net sales.
Explanation:
A company makes gross profits after deducting the cost of producing the goods and the cost of selling them from the net sales. In other words, gross profit is income that has not been subjected to fixed costs and taxes.
In calculating gross profit, you take the net sales and subtract the cost of goods sold.
The net sale is the total revenue after adjusting for sales return, allowances, and discounts. i.e., revenue (sales) minus discounts allowed, minus sales allowances, and minus return inwards.
The cost of goods sold is the expenses a business incur in producing its products. In calculating the cost of goods sold, take opening stock, add net purchases, and minus closing stock.
Net purchase is purchase minus discounts received, minus purchases allowances, minus purchases returns
Gross profit is a measure of a company's efficiency in the use of its suppliers and labor in its production process.
Answer:
APEX: Unemployment is natural and acceptable in an economy.
Explanation:
Answer:
The U.S. Department of Agriculture
a. The equilibrium price in the wholesale butter market is:
= $1.20.
b. The equilibrium quantity in the wholesale butter market is:
= 102 million pounds.
Explanation:
a) Data and Calculations:
Market for Wholesale Butter
Price (dollars Quantity of Butter Quantity of Butter
per pound) Demanded Supplied
(millions of pounds) (millions of pounds)
$0.80 114 70
0.90 111 78
1.00 108 86
1.10 105 94
1.20 102 102
1.30 99 110
1.40 96 118
1.50 93 126
1.60 90 134
1.70 87 142
1.80 84 150
b) The equilibrium price and quantity are the price and quantity at which the quantity of butter demanded in the wholesale butter market equals the quantity of butter supplied in the same market. At this price of $1.20 per pound, the total quantity demanded and supplied equaled 102 million pounds of butter. At this price and quantity, both consumers and suppliers of butter in the wholesale market go home satisfied.
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
<h3>What is called
Shirking?</h3>
A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
Read more about Shirking
<em>brainly.com/question/8497382</em>