Gross profits is defined as the total profit generated minus the costs of goods sold, that is, gross profit = sales - costs of goods sold.
From the question given,
Net sale = $ 100,000
Costs of goods sold = $ 70,000
Gross profit = $100,000 - $70,000 = $30,000.
Thus, the gross profit is $30,000.
Operating expenses is not directly involved in the production process that is why it is not used in the calculation of gross profit. But the operating cost will be involved in the calculation if we are asked to calculate the NET PROFIT.
Answer:
4 two and two equals four
2+2 =4
<span>Small populations are subject to changes in allele frequencies simply due to random chance, such as the accidental death of an individual. This process is known as genetic drift.
Genetic drift refers to some changes in the gene variant (allele) which leads to survival or death of a certain organism.
</span>
Answer:
government actions that reduce competition from international firms.
Explanation:
