Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gross margin (or gross profit) is calculated by a.

Gross margin (or gross profit) is calculated by A. taking the beginning inventory plus cost...

80.2K

Verified Solution

Question

Accounting

Gross margin (or gross profit) is calculated by

A. taking the beginning inventory plus cost of goods purchased minus ending inventory.

B. subtracting total expenses from total revenues.

C. subtracting cost of goods sold from net sales.

D. Subtracting the ending inventory from cost of goods available for sale.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the future values of the ordinary annuities at the given annual rate r compounded...

Basic Math
Q

The following diagram came from your OER textbook how is the transcription of lactases accelerated...

Biology
Q

XM Two circular coils X and Y have equal number of turns and carry equal...

Physics
Q

Given f (x) = 3(x-7)(x+3), list the zeros and determine whether the graph crosses or...

Calculus
Q

x y 4 Symmetry x axis y axis igin none of the above 2 b...

Algebra
Q

What is an environmental pollution

Accounting
Q

If an investment firm underwrites a stock issue, the (Points : 1) ...

Accounting
Q

Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of...

Accounting
Q

Computing Gross Profit and Cost Percentages Given Ending Inventory Balances Harris Inc., with a...

Accounting
Q

1 Determine the present value of a debt of $10,000 due in nine months if...

Finance
Q

1) Wilson's Antiques is considering a project that has an initial cost today of $10,000....

Finance
Q

Prepare journal entries to record the following transactions for Emerson Corporation. Note: If no entry...

Accounting