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
dusya [7]
3 years ago
13

In the multiple-step income statement, cost of merchandise sold is subtracted from a.selling expenses. b.sales. c.gross profit.

d.operating expenses.
Business
1 answer:
zalisa [80]3 years ago
3 0

Answer:

b.sales

Explanation:

As we know that

Income statement refers to the statement in which the revenues and the expenses incurred should be recorded

While on the other hand the multiple-step income statement refer to the statement in which there are various level like gross profit, total operating expenses etc

Plus we also know that

Gross profit = Sales - cost of goods sold

Therefore the cost of merchandise should be deducted from sales so that we can find out the gross profit

You might be interested in
Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. What must
torisob [31]

Answer:

Shondra should be sure she will have enough in her account to be able to make the monthly payments.

Explanation:

5 0
3 years ago
Read 2 more answers
A company's beginning Work in Process inventory consisted of 37,000 units that were 90% complete with respect to direct labor. A
pychu [463]

Answer:

128,000 units

Explanation:

The calculation of the equivalent units of production using the weighted average method is given below:

= Total units of finished goods × completion percentage + ending work in process units × completion percentage

= 107,000 units × 100% + 42,000 units × 50%

= 107,000 units + 21,000 units

= 128,000 units

Hence, the equivalent units of production of direct labor is 128,000 units.

8 0
3 years ago
List the three types of résumé formats.
Radda [10]

Answer:

Chronological: Classic format that lists your work experience in order, starting with the most recent.

Functional: Emphasizes qualifications and accomplishments instead of specific jobs, but isn’t recommended.

Hybrid: Modern format where skills and highlights go at the top before a detailed work history.

Explanation: brainliest pls

8 0
3 years ago
Read 2 more answers
Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $
Cerrena [4.2K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Mettel Products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $40 each. The distributors’ margins are 25%. Mettel Products’ cost of goods sold is $10.00 each. Mettel’s total variable costs (including selling costs) are $15.00 per drive.

Selling price= 40/1.25= $32

A) Gross margin= 32 - 15= 17

%= 53%

B) Mettel is considering increasing its annual advertising spending from $75,000 to $150,000.

Break-even point= fixed costs/ contribution margin

Break-even points= 150,000/17= 8,824 units

C) Break-even points= 75,000/14= 5,357 units

7 0
3 years ago
Most canadian businesses have more than five employees? True or false
erik [133]
True true true true true true true
5 0
3 years ago
Other questions:
  • According to the table what is Omars bank balance?
    7·2 answers
  • Why does Maureen Riehl state that internet retailers have an "unfair price advantage" when they don't collect sales tax from out
    5·1 answer
  • 'Nagia Steel Pvt. Ltd.' has divided the whole of its business into five departments. Now the
    10·1 answer
  • In a survey, 80% of people own a smart phone, 40% of people own a tablet computer, and 25% of people own both. what is the proba
    5·2 answers
  • Tim spends his income on donuts (D) and coffee (C). Coffee is $2 per cup and donuts are $1 each. Assume that Tim has $10 to spen
    6·1 answer
  • According to the traditional approach to capital​ structure, the value of a firm will be maximized when​ ________. A. the financ
    6·2 answers
  • Markets for individuals looking to buy products or services for personal or household use are called _____.
    11·1 answer
  • Once the decision has been made to implement an ERP system, the initial step is to select an ERP vendor.
    9·1 answer
  • Ever since Damien interned at an accounting firm the summer after his freshman year of college, he’s wanted to become a CPA work
    7·1 answer
  • As mavis gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employe
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!