Multiple choice e fOF P3,000debit to cash for P3,000Sales revenueP480,000Cost of goods soldSales discountsSales returns and allowancesOperating expensesInterest revenueare:300,00020,00015,00085,0005,000What is net sales revenue?a P400,000A P445,000C P415,000d. P455,000are:What is gross margin?a P145,0002 P105,000C P140,0001 P90,000tha debit405

Net sales revenue = Gross sales - sales return and allowance - sales discount Gross profit = Net…

debit to cash for P3,000 Sales revenue Cost of goods sold Sales discounts Sales returns and allowances Operating expenses P480,000 300,000 20,000 15,000 85,000 5,000 Interest revenue What is net sales revenue? a P400,000 A P445,000 C P415,000 d. P455,000 What is gross margin? a P145,000 2 P105,000 C P140,000 1. P90,000 405

debit to cash for P3,000 Sales revenue Cost of goods sold Sales discounts Sales returns and allowances Operating expenses P480,000 300,000 20,000 15,000 85,000 5,000 Interest revenue What is net sales revenue? a P400,000 A P445,000 C P415,000 d. P455,000 What is gross margin? a P145,000 2 P105,000 C P140,000 1. P90,000 405

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 9BE

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