A: subtracting cost of sales from sales.
B: subtracting sales returns and sales discounts from sales.
C: subtracting sales returns, cost of sales, and sales discounts from sales.
D: subtracting gross profit from sales.
举一反三
- The gross profit percentage is calculated as: A: cost of goods sold divided by net sales revenue. B: net sales revenue minus gross profit on sales. C: net sales revenue minus cost of goods sold. D: gross profit divided by net sales revenue.
- Gross profit is calculated as: A: Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization B: Total sales - cost of sales - selling, general and administrative expenses C: Total sales - cost of sales D: None of the above
- If the revenue from sales of a company is $2000,sales returns and allowances is $500 and sales discount is $250,the amount of net sales is: A: $1,000 B: $1,250 C: $1,500 D: $1,750
- A business usually has a mark-up of 20% on cost of sales. During a year, its sales were $90000. What was cost of sales?
- The number of days' sales uncollected is calculated by: A: Dividing accounts receivable by net sales. B: Dividing accounts receivable by net sales and multiplying by 365. C: Dividing net sales by accounts receivable. D: Dividing net sales by accounts receivable and multiplying by 365. E: Multiplying net sales by accounts receivable and dividing by 365.
内容
- 0
Which statement is true? A: The Sales account is used to record only sales on account. B: Gross profit is the excess of sales revenue over cost of goods sold. C: A service company purchases products from suppliers and then sells them. D: Purchase returns and allowances increase the net amount of purchases.
- 1
A business usually has a mark-up of 25% on cost of sales. During a year, its sales were $80,000. What was cost of sales? A: $64,000 B: $60,000 C: $20,000 D: $18,000
- 2
If the net sales of a company is $2000, sales returns and allowances is $500 and sales discount is $250, the amount of net sales is : A: $1000 B: $1250 C: $1500 D: $1750
- 3
Fresno Salads has current sales of $6,000 and a profit margin (net income/sales) of 6.5 percent. The firm estimates that sales will increase by 4 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income?
- 4
Cash collections from customers include thecurrent month’s cash sales plus collections on credit sales.