Elenor Corporation sold goods that originally cost $605,000 for $1,100,000. What is Elenor's gross profit? a. $605,000 b. $1,100,000 c. $495,000 d. $1,705,000 e. $0
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- SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold? a. 360,000 b. 590,000 c. 840,000 d. 1,090,000A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals a. $743,000. c. $357,000. e. $(193,000). b. $550,000. d. $193,000.Need help
- How much gross profit did Austin sound report?Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the cost of goods sold of the company? A) P54,720.05 B P53,029.73 P54,072.50 P53,129.37Cushman Company had $834,000 in net sales, $364,875 in gross profit, and $208,500 in operating expenses. Cost of goods sold equals: Multiple Choice $834,000. $364,875. $260,625. $469,125. $208,500.
- Safety Company had $45,000 in gross sales, $1,200 in sales discounts, $10,000 in cost of goods sold, $5,500 in selling expenses, $600 in sales returns and allowances, and $7,200 in general expenses. What is Safety Company net sales? a.$35,000 b.$43,200 c.$20,500 d.$33,200Provide Answer with calculationGiven: The Company showed Cost of Goods Sold amounting to P645,750 and its gross profit rate is 40%. The total expenses was P559,400. Required: What is the net profit or net loss of the company. Select the correct response:
- the gross profit ( 2250 000 )$ , and the sales value ( 8550 000 )$ . Total cost ?A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: Multiple Choice $(417,000). $695,000. $278,000. $417,000. $973,000.1.Net Sales is equal to P200, 000 and Cost of Goods Sold totaled P65, 000. What is the Gross Profit? Gross Profit amounted to P500,000 and Operating Expenses is equal to 350,000. What is the Operating Profit? 2.Gross Profit amounted to P500,000 and Operating Expenses is equal to 350,000. What is the Operating Profit? 3.Net Sales is equal to 600,000 and Cost of Goods Sold amounted to P300,000. No other expenses were incurred during the period. What is the Profit for the period?