Gross profit is sales less: (a) turnover (b) administration costs (c) cost of sales (d) cost of

Question:

Gross profit is sales less:

(a) turnover

(b) administration costs

(c) cost of sales

(d) cost of sales and administration costs

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

How To Talk Finance Getting To Grips With The Numbers In Business

ISBN: 9781292074382

1st Edition

Authors: Ted Wainman

See More Books

Question Posted: Jun 03, 2024 03:00 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
Consider this situation: Your supervisor has requested from you a monthly report on your department's expenditures compared with the budget. What should you do? Check all that apply. Omit all the...
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
You have this information r*=2.5%, inflation premium =3%, default risk premium=3.5%, liquidity premium =2% and maturity risk premium =1.5%.What is the treasury bill rate?
Soledad worked 48 hr one week and earned a $442 paycheck. She earns time and a half (1.5 times her regular hourly wage) for the number of hours she works in excess of 40. What is Soledad's regular...
As part of the revaluation initiative, the FASB and IFRS are examining the measurement bases used in accounting. At this point, there may or may not be a convergence toward fair value measurement of...
International labor standards are complex and closely related to global sourcing. In particular, the use of sweatshops has attracted much attention. A sweatshop is a factory characterized by very low...
What macroenvironmental factors have affected Targets performance during that period? When you hear the term discount retail, two names that usually come to mind: Walmart and Target. The two have...
Which of the following is not true? Basic eps and diluted eps are equal in a loss situation. Bonds are potentially dilutive if the effect of the bonds is less than basic eps. Stock splits are not...
Administration costs usually contain: (a) fixed costs (b) sunk costs (c) variable costs (d) marginal costs
Cost of sales usually contains: (a) fixed costs (b) sunk costs (c) variable costs (d) marginal costs
What is the rationale for having the government set capital standards for financial institutions as opposed to letting the private marketplace set those standards?
1. Why do companies that choose to open subsidiaries in other countries have different HR responsibilities? 2. How has globalization allowed companies to become "global companies" more easily? 3....
Is Kroger's innovation Product-related or process-related? Do the innovations tend to be incremental or radical? https://www.thekrogerco.com/about-kroger/our-business/ Kroger Co. opens new spoke in...
Define what is Process Mapping/Value Stream Mapping How do you apply process mapping methodology? What are the advantages of leaders using process mapping Identify a real world business...
What role do formalized processes and protocols play in highly structured organizations, and how can organizations balance the need for structure with the imperative for flexibility and innovation ?
In what ways do decision-makers balance quantitative data with qualitative insights to optimize complex strategic choices, especially in high-stakes business environments where traditional metrics...
What are four chargeback methods? In your view, is one more fair than another?
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
Phantom Consulting Inc. is a small computer consulting business. The company is organized as a corporation and provides consulting services, computer system installations, and custom program...
Sam owns a 25% in Spade, LLC. In 2021, Spade reports $100,000 or ordinary income. What is Sams qualified business income (QBI) deduction? answer is 5,000 but please show how to get it
crane Inc. common chairs currently sell for $30 each. The firms management believes that it's share should really sell for $54 each. If the firm just paid an annual dividend of two dollars per share...

Gross profit is sales less: (a) turnover (b) administration costs (c) cost of sales (d) cost of

Question:

Step by Step Answer:

How To Talk Finance Getting To Grips With The Numbers In Business

Students also viewed these Business questions