What is gross profit

2 answers:

6 0

Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.

kherson [118]3 years ago

3 0

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products.You can calculate the gross profit by subtracting the cost of goods sold (COGS) from the revenue. This measure can be used to check how efficiently you produce revenue.

You might be interested in

As the price of jeans rises, Levi Strauss is likely to A. decrease production and thus decrease the supply. B. increase producti

LUCKY_DIMON [66]

Answer:

B. Increase production and thus increase the supply.

Explanation:

As the price of Jeans rises, the Levi Strauss is likely to increase production keeping other factors constant as per the law of supply, where quantity is directly proportional to the price of goods and services. As the price of goods increase, the quantity supply of product also increased by supplier or manufacturer to maximize the profit out of the current market condition.

8 0

3 years ago

As environmental conditions change what occurs

Ugo [173]

Changes in the environment can lead to shortages of food due to no rain to water the plants for herbivores.
species that are used to favourable conditions will die due to environmental unfavourable conditions.

3 0

3 years ago

On March 1, 2022, Cullumber Company acquired real estate, on which it planned to construct a small office building, by paying $8

11111nata11111 [884]

Answer:

$101,200

Explanation:

the cost of land = purchase price of the land + razing expenses - sales of salvaged materials + attorney's fees + broker's fees = $86,000 + $9,700 - $4,400 + $1,500 + $8,400 = $101,200

The cost of the driveways and parking lot are recorded separately (as land improvements), not under cost of land because they can be depreciated.

Architect's fees are generally included in the construction costs of the building, not in the land cost. The architect's fees are covered before the construction starts because you need the blueprints in order to start the construction.

6 0

3 years ago

Connor and demi are employees of ecocrop corporation. under the equal pay act, ecocrop can legitimately pay different wages on t

mylen [45]

Connor and demi are employees of Eco crop corporation. under the equal pay act, Eco crop can legitimately pay different wages on the basis of seniority.

What is a Wages?

A wages is the amount of money that an employer agrees to pay a worker in exchange for their services. Actual earnings come in a variety of forms, including the following:

Piece rates are the remuneration given in accordance with the job completed by the employee. The quantity of units generated by the employee is taken into account while calculating the piece rate.

Time earnings are earned when a worker is compensated for his or her labor in accordance with the passing of time. For instance, time wages would apply if the worker received 35 rupees per day.

Learn more about Wages here:

brainly.com/question/15431287

#SPJ4

6 0

1 year ago

If the elderly consume the same market basket as other people, then Social Security would have an uncertain impact on their stan

laiz [17]

Answer: b false

Explanation:

5 0

2 years ago