If the amount of net sales is RM23,000, net purchase is RM10,000 and t cost of sales is RM2,450, determine the amount of gross profit/loss. O Gross profit RM20,550 O Gross loss RM20,550 O Gross profit RM10,550 O Gross loss RM10,550

Q: How is the gross profit percentagecomputed? Illustrate its calculation and interpretationassuming…

A:

Q: A Trading has a total sales of P 98,800;  sales return is P  5,400;  cost of good sold is P 8,490;…

A: Net sales = Total sales - sales return  = P98,800 - P5,400 = P93,400

Q: A company has sales of $763,000 and cost of goods sold of $306,000 it's gross profit equals what?…

A: Gross profit can be calculated by deducting the cost of goods sold from the net sales.

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: The income is calculated as difference between total revenue and other expenses.

Q: the gross profit ( 3250 000 )$ , and the sales value ( 9550 000 )$ . Total cost ? * .a- ( 6300 000…

A: Gross profit is calculated by deducting the cost of goods sold from the sales revenue.

Q: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent…

A: Gross profit = sales - cost of goods sold = 100000 - 40000 = OMR 60000

Q: Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and…

A: Sales = OMR 20000 Cost of goods sold = OMR 8000 Return inwards = OMR 6000 Net sales = Sales-Return…

Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…

A: In the above question we have asked to select correct answer from the given options which are as…

Q: Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and…

A: Net sales = Sales - Return inwards = 10000 - 4000 = 6000

Q: If Ayayai Corp. has net sales of $523000 and cost of goods sold of $350000, Ayayai gross profit rate…

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

Q: RJ Garcia Sound had sales of P600,000 and sales returns of P80,000. Cost of goods sold was P320,000…

A: Gross profit is an excess of revenue over the cost of goods sold. It indicates the profit before…

Q: The records of a business show the following information: Sales, P724,200; Sales discounts, P10,000;…

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

Q: Calculate net profit from the following? Net sales OMR 50000, Cost of goods sold OMR 20000, Rent…

A: Net profit is the amount remain after payment of all expenses.it can be calculated         Net…

Q: Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent…

A: Net income is the calculation of the remaining amount with an organization after deducting taxes,…

Q: If the net sales 1250 000 ID selling expenses 250 000 ID., Administrative expenses 250 000 ID., the…

A: Introduction: Gross profit: Deduction of cost of goods sold from the sales value drives the Gross…

Q: Assuming Net Sales is $180,000, Cost of Goods Sold is $79,000, Selling Expenses are $28,500, General…

A: Income from operations are the income that is generated from the daily operations of the business.…

Q: Given: The Company showed Cost of Goods Sold amounting to P440,000 and its gross profit rate is 45%.…

A: Gross profit ratio is a profitability ratio that calculates the percentage of sales that exceed the…

Q: Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and…

A: Sales return = Return inwards = OMR 4000 Net sales = Sales - Sales return = OMR 10000 - OMR 4000 =…

Q: Sales Cost of Sales Gross Profit Operating Expenses (b) Net Income P75,000 (a) P40,000 P17,000

A: Gross profit is the difference between sales and cost of sales. Net Income is the difference between…

Q: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…

A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…

Q: hat is the net i

A: As per rule, allowed to answer first question and post the remaining in the next submission.

Q: 7YReferring to the following table, what is Net sales revenue? Sales revenue $460,000| Cost of goods…

A: Formula: Net sales revenue = Sales revenue - Sales discounts - Sales returns and allowances

Q: If the amount of net sales is RM23,000, net purchase is RM10,000 and the cost of sales is RM2,450,…

A: Gross Profit =Net Sales - Cost of goods sold

Q: Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission…

A: Total Incomes: Sum of all the incomes earned derives the total income. Total income to be shown in…

Q: es erest income, net of final st of sales

A: Working: Allowable deductions from Gross income: →Salary expense →Interest expense →Rent expense…

Q: Net sales amounted to P50,000 with cost of sales representing 75%. If operating expenses is 10% of…

A: Net income = Sales * ( 1 - Cost of sales ) - Operating expense

Q: Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return…

A: Gross profit is the profit a company makes after deducting the costs associated with making and…

Q: 2. From the following data, calculate (a) Gross profit ratio (b) Net profit ratio. RO 300,000 RO…

A: Gross Profit Ratio: It is the relationship between the gross profit and net sales Net Profit Ratio:…

Q: Calculate gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return…

A: Given Sales = 25000 Cost of goods sold = 15000 return inward =5000

Q: Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission…

A: Formula: Total income = Gross profit - Rent paid + Commission received + Dividend received

Q: 44- Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000,…

A: In the given question we need to calculate the net profit from the details given in the question.

Q: a company has sales of 763000 and cost of goods sold of 306,000 its gross profit equals  (457,000)…

A: Gross Profit:-It is the amount company receives when the cost of the product deducted from total…

Q: Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the…

A: Cost of goods sold is the cost of goods which is sold by the company. The cost of goods sold is the…

Q: SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000…

A: Formula: Gross profit = Sales - Cost of goods sold

Q: Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net…

A: Gross profit = Net Sales - Cost of sales Cost of sales = Net Sales - Gross profit

Q: If the net sales 1250 000 ID ., selling expenses 250 000 ID., Administrative expenses 250 000 ID.,…

A: Solution:- Calculation of Gross profit as follows under:-

Q: Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return…

A: Formula: Net sales = Sales - return inwards Deduction of return inwards from sales derives the net…

Q: h Wear has current liabilities of RM350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a…

A: We need to compute the cost of goods sold. Current ratio = Current assets / Current liabilities…

Q: .Net Sales is equal to P200, 000 and Cost of Goods Sold totaled P65, 000. What is the Gross Profit?…

A: Gross Profit is the sum of all salaries, wages, interests, etc. before any deductions and taxes.…

Q: Calculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return…

A: Costs incurred directly by a corporation for producing goods and services are known as cost of goods…

Q: If a company has sales revenue of $631000, net sales of $500000, and cost of goods sold of $385000,…

A: The gross profit is calculated as difference between sales and cost of goods sold. Gross profit= Net…

Q: If the vertical percentage of operating profit is 60% and vertical percentage of gross sales profit…

A: Operating expenses: These expenses are incurred in the course of regular business operations. These…

Q: Net margin is 30% of the gross sales of 150,000. With Cost of Goods Sold amounting to 50,000, what…

A: Net margin = 30% Gross sales = 150000 COGS = 50000

Q: multi-step income statement

A: Multi-step income statement means an income statement in which items are classified according to…

Q: How much is the true profit of the branch?

A: We can get Net Profit by preparing Branch Account. Given: Sales…

Q: If the operating expenses of the company amounted to P50,000, gross sales amounted to P420,000, and…

A: Operating expenses are those expenses which are related with the main business operations. It…

Q: X Corp. had a net sales of P1M. The actual entertainment, amusement and recreation expense amounted…

A: The term “entertainment, amusement and recreation expense” involves representation expenses and/or…

Q: If sales is $100,000 and the gross profit markup  is 25%, what is  the  amount  for  gross  profit?…

A: INTRODUCTION: Gross profit is calculated by subtracting net sales from the cost of things sold. It…