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3 years ago

The difference between revenue and cost of goods sold is called:

Business

1 answer:

Sphinxa [80]3 years ago

6 0

Answer:

gross profit

Explanation:

Revenue is the income gained through the sales of goods and services to customers. It is the money received from customers when they buy from a business.

Costs of goods sold are the expenses incurred in producing goods meant for sales. It is composed of the direct cost of the manufacturing process. Costs of goods sold include direct materials, direct labor costs, and direct overhead costs.

Gross profit is equal to sales minus direct costs. Revenue is the same as sales, and direct costs are similar to the costs of goods sold. Therefore, revenue minus costs of goods sold is equal to gross profit.

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What is the different between demand and want

Alexxandr [17]

Answer:

Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for. In a consumer market examples are usually very clear to identify.

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3 years ago

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3 years ago

A possible externality associated with the process of accumulating new capital is that: A. a reduction in labor productivity may

taurus [48]

Answer:

B. new production processes may be devised.

Explanation:

This means, the new capital in touch with the human innovation traits will generated ways to use this capital beyond their inventors knowledge. Giving the capital additional used. Assthis uses were discovered after the capital invention, are not included in the cost of the new capital therefore, are positive externalities of their.

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3 0

3 years ago

LeGrand Corporation reported the following amounts in its income statement: Sales revenue $ 440,000 Advertising expense 60,000 I

kari74 [83]

Answer:

Gross profit= $260,000

Explanation:

Giving the following information:

Sales revenue $ 440,000

Cost of goods sold 180,000

The gross profit is the result of deducting the cost of goods sold from sales revenue. It will appear in the income statement under absorption costing.

Gross profit= sales revenue - COGS

Gross profit= 440,000 - 180,000= $260,000

5 0

3 years ago

Explore the Web sites of the following companies: Blue Nile, J.Crew, Lowe’s, and Priceline. Determine which of these Web sites w

Arturiano [62]

Answer:

Explanation:

It is evident that every company can get a benefit sponsoring other company in their websites, obviously that depends on the kind of the other company (target, position etc). The benefits depend on the range of products they offer, every target is different (women, men and children products) the more products the company offer the better. Blue Nile definitely women, J crew is designed for women specially because the home page shows women’s clothes, Lowe’s for men because the home page shows tools for repairing houses and men are happy buying those kind of things, finally priceline is more general. The author of the blog must be women in the first three pages and in the fourth one it might be a young man for the colors used. In the four pages the background and the pictures are appropriated for the target.

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3 years ago