36-Assuming that Merchandise business use simple step income statement. Which of the following will be correct result of Net Income by the business? a. Total expenses will be divided by Total revenue b. Total Expenses will be deducted from Total Revenue c. Total revenue will be multiplied by cost of goods sold d. Total Revenue will be deducted from Total expenses

Q: Use the following to answer questions 34 – 39 ST reports the following income statement results:…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

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A: Sales = Cost of goods sold + Gross profit Operating expense = Gross profit - Net income

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A: Option d is correct.

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A: Gross margin is the amount remaining from sales after taking into consideration direct expenses. Net…

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A: Gross margin: Difference between the net sales and the cost of goods sold is called gross margin.

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A: The operating income is calculated as difference between sales and total expenses.

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A: Introduction: In income statement, net income is calculated as under: Sales Revenue Less: Cost of…

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A: An income statement is one of the financial statements of a company prepared at the end of the…

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A: Cost of goods sold means the cost incurred on the goods which has been sold including all direct…

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A: Solution:   Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income (a)…

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A: Net income = 100,680,607 Net sales = 1,870,188,069 Cost of goods sold = 1,245,049,430 Average total…

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A: Gross Profit=Total Sales - Cost of Goods Sold Gross profit percentage=Gross profit / Sales

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A: "Since you have asked multiple question we will solve the first question for you.  If you want any…

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A: Hi student Since there are multiple subparts, we will answer only first three subparts.

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A: As requested to answer C& D sub parts , we are answering only those two sub parts.

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A: Solution: Income from operations = Net Sales - Cost of goods sold - Operating expenses

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A: Multi-step income statement:

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A: Cost of goods sold is an Account in the nature of expense account and is shown in the Income…

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A: The difference between gross profit and net profit or net income is the operating expenses. Gross…

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Q: 17/_____________ is treated as an asset and the cost of goods on hand as well as available for sale…

A: . Asset is a resource owned by a person or corporation which generates economic value in the course…