Net sales is calculated by
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.
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.