Financial information is presented below:

Operating expenses $ 32000

Sales returns and allowances 6000

Sales discounts 5000

Sales revenue 190000

Cost of goods sold 93000

Gross profit would be

Question

Business

Judah Oconnell

1 July, 01:06

Financial information is presented below:

Operating expenses $ 32000

Sales returns and allowances 6000

Sales discounts 5000

Sales revenue 190000

Cost of goods sold 93000

Gross profit would be

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Answers (1)

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Buttercup · Answer 1

Gross profit would be $86.000

Explanation:

Gross Margin income statement

Sales $ 190.000

Sales Discount - $ 5.000

Sales Return & Allowances - $ 6.000

Cost of Goods - $ 93.000

Gross Profit $ 86.000

Gross Profit does not take operating expenses into account.

Financial information is presented below:Operating expenses $ 32000Sales returns and allowances 6000Sales discounts 5000Sales revenue 190000Cost of goods sold 93000Gross profit would be

Financial information is presented below:

Operating expenses $ 32000

Sales returns and allowances 6000

Sales discounts 5000

Sales revenue 190000

Cost of goods sold 93000

Gross profit would be