• 2022-05-27
    Gross profit is calculated as:
    A: Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization
    B: Total sales - cost of sales - selling, general and administrative expenses
    C: Total sales - cost of sales
    D: None of the above
  • C

    内容

    • 0

      A company has the following summarised SOPL for the year. $Sales revenue 70,000 cost of sales (42,000)Goss profit 28,000expenses (21,000)Net profit 7,000 What is the company's gross profit margin for the year? A: 10% B: 40% C: 25% D: 17%

    • 1

      Which of the following changed year over year? A: sales volume B: sales cost C: variable sales D: cost of goods sold

    • 2

      Which should be included in a cash budget? A: Depreciation and sales B: Depreciation and payments received C: Cost of non-current assets and sales D: Cost of non-current assets and payments received

    • 3

      Expenses are outflows of economic resources including cost of goods sold, selling, general and administrative expenses, tax expense, interest expense, etc.

    • 4

      The sales of a particular company in a market, expressed as a percentage of the total sales is called