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.
- The difference between Cost of Goods Sold and Cost of Goods Available for Sale is: A: Beginning Inventory B: Ending Inventory C: Net Sales D: Net Purchases
- In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?
- Which of the following changed year over year? A: sales volume B: sales cost C: variable sales D: cost of goods sold
- The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
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
When closing overapplied manufacturing overhead to Cost of Goods Sold, which of the following would be true? A: Work in Process will decrease. B: Cost of Goods Sold will increase. C: Net income will decrease. D: Gross margin will increase.
- 2
Theof sales revenue over cost of goods sold is called or gross profit. Gross indicates that thehave not been .
- 3
Under current cost accounting, goods sold are charged to profit or loss at: A: Historical cost B: Replacement cost C: Net realisable value D: Economic value
- 4
Cost of goods sold represents a cost, not an expense.