Changes in the cost of goods sold can have a substantial impact on gross profit margin.
举一反三
- The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
- The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
- In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?
- When closing overapplied manufacturing overhead to Cost of Goods Sold, which of the following would be true? A: Work in Process will decrease. B: Cost of Goods Sold will increase. C: Net income will decrease. D: Gross margin will increase.
- If sales revenues are $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, the gross profit is .( ) A: $90,000 B: $400,000 C: $30,000 D: $340,000