1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
2 years ago
13

How to calculate cost of sales and gross profit​

Business
1 answer:
marin [14]2 years ago
4 0
<h2><em><u>Answer:</u></em></h2><h2><em><u>Answer:Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales)</u></em></h2>
You might be interested in
Prepare a one page memo for your boss briefly summarizing how you concluded the meeting. More importantly, recommend to your bos
grigory [225]

Answer:

Memo for business promotion

Explanation:

To : Manager

From : Finance Officer

Subject : Actions for moving forward

The business meeting has been concluded successfully and minutes of the meeting is prepared in the document. The business needs to be moved forwards as there are many competitors entering in the market. The business need to focus on introducing new products which are demanded by the customer and allow some customization according to customer needs. The packaging of the products also needs to be revised as the presentation is also important for customer to make a buy decision. The business profits will increase and the sales will be high.

Further minutes of the meeting are attached with the memo.

Sign: Edward,

7 0
3 years ago
The value of Surnum's, a developing economy, currency is fixed relative to the U.S. dollar. The exchange rate between the Surnum
Verizon [17]

Answer:

Surnum's exchange rate is pegged.

Explanation:

Exchange rate is the rate at which a countrie's currency is exchanged for another. Usually when there is more demand for a countrie's currency it will have more value than other currencies and vice versa.

There are two ways a countrie's currency rate can be controlled in relation to others.

First is by market forces of demand and supply.

Secondly is by pegging the countrie's currency against another and using reserves of the other currency to account for market fluctuations.

In this instance Surnum has pegged it's currency against the dollar, so it will use its dollar reserves to account for fluctuations in order to maintain the pegged exchange rate.

4 0
3 years ago
The office supports the _____ in a business through engaging sufficient staff to convince the public to purchase the goods and s
borishaifa [10]

Answer:

c, I think

Explanation:

because if it is to convince the public to purchase the goods and services, then it would be the production of the goods and services.

Sorry, I don't know if this is correct or not, but I hope this answered your question. Have a nice day! ^ ^

4 0
2 years ago
As a salesperson asks questions about a prospect's transportation system, the prospect says, "What I really want is reliable tra
Helga [31]

Answer: Adaptive selling

Explanation: Adaptive selling could be referred to a flexible selling approach whereby the salesperson's response or actions are guided or determined by the type of consumer, the context or sales scenario and most especially the feedback received from the consumer. This means the kind of question and sales approach employed may be different depending on the consumer in question. In the context above, the sales person stopped asking question immediately the consumer hinted at requiring thee cheapest service, and showed him an evidence of what his company actually offers. The approach may be different for other consumers.

5 0
3 years ago
The main safety hazard created by engine exhaust is
hjlf
I think the answer would be c
7 0
3 years ago
Other questions:
  • Which of the following best represents a walkthrough a. The controller reviews the bank reconciliation prepared by the accountan
    8·1 answer
  • The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residua
    5·2 answers
  • A customers calls her broker to discuss her account. The broker recommends that the customer buy 500 shares of DEF stock. The cu
    8·1 answer
  • Which one of the following is not a method used by companies to accelerate cash receipts? Offering discounts for early payment A
    14·1 answer
  • What may happen if your job does not require you to use the aptitudes you possess?​
    14·1 answer
  • The three major types of economic systems are ________.
    14·1 answer
  • Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he wi
    12·1 answer
  • Which line represents the flow of final goods and services?
    11·1 answer
  • An example of _____ is causing panic selling by telling people that value in a neighborhood will decline due to the purchase of
    5·1 answer
  • re-thinking oil: compensation for non-production in yasuní national park challenging sumak kawsay and degrowth
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!