Gross Profit = $145000
It can be solved with two methods one is by making reverse Income Statement or with the use of equations
<u>Net Income 29500</u>
Income Tax Expense 52500
Other expenses:
Loss from sale of investment 93000
Interest Expense 85000
<u>Income from Operations 260000</u>
Operating expenses 405000
<u>Gross Profit 145000</u>
Net sales 1200000
What is Gross Profit?
Gross profit is determined by deducting opening stock, purchase and direct expenses from sales and closing stock. It can also be determined by deducting cost of goods from sales.
GROSS PROFIT = Sales - Direct expenses
The sale value of your goods less the cost of manufacturing it is your gross profit. It's the sale price of your services less the cost of a time it took to complete the task for a service-based business. Total sales (sometimes referred as the revenue or turnover) less the total cost of goods sold is another term for gross profit.
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Answer:
c. discuss, analyze, interpret, and evaluate the research findings or solution to the problem.
Explanation:
<u>The formal reports represent the end product of thorough investigation</u> hence, it should not describe or define concepts. It should disclosure what the research and analysis generated.
Also, we must understand that the body of a text is the main content.
Thus option A and B are not correct as they focus on define concepts rather than define the investigation.
Option D also is incorrect as it determinated the persons responsibles.
The body should acomplish the goal of the formal report therefore, option C is the correct one.
Answer: Approximately seven years
<h2>HOPE U HAD A GREAT THANKSGIVING <3</h2>
Ethical decision making guidelines
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Answer:
unique selling propositions