Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gross profit is equal to a. sales minus (sellin

Gross profit is equal to A. sales minus (selling and administrative expenses)....

50.1K

Verified Solution

Question

Accounting

Gross profit is equal to

A. sales minus (selling and administrative expenses).
B. sales minus (cost of goods sold and depreciation expense).
C. sales minus cost of goods sold.
D. sales minus (cost of goods sold and selling and administrative expenses).

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Long, long ago, on a planet far, far away, a physics experiment was carried out. First,...

Physics
Q

List all the steps that you as the project manager and your team will need to...

General Management
Q

Find the equivalent resistance between points A and B if each resistor is of resistance...

Physics
Q

rectangular park measures 3 mi by 2 mi What is the area of the park...

Geometry
Q

James receives a gross pay of $1,550 bi-weekly from his employer. If his employer changed...

Basic Math
Q

Find the exact value of the expression given below.cos(15)....cos(15%) =(Simplify your answer, including any radicals....

Basic Math
Q

The number of fires set by candles in a home is normally distributed The data...

Statistics
Q

A company wants to make a new product after knowing the maximum a customer is...

Accounting
Q

1. When does a government that participates in a defined contribution plan report a pension...

Accounting
Q

The beginning inventory and purchases of Commodity X for the period were as follows: Inventory,...

Accounting
Q

Part 1 will contain a chart of accounts with opening account balances, list of business...

Accounting
Q

Please provide the excel functions in answers. Problems with Profitability Index - The Michner...

Finance