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1. Gross profit - Operating expenses = Income from operation.
2. Cost of goods sold + gross profit = Net Sales
3. Sales revenue - Sales discount - Sales return and allowance = Net sales.
4. Income from operation + Other revenue - Other expenses = Net Income.
5. Net Sales - Cost of goods sold = Gross profit.
|Less: Sales discount|
|Less: Sales return and allowance|
|Less: cost of goods sold|
|Less: Operating expenses|
|Income from Operations|
|Add: Other revenue|
|Less: Other expenses|
If any doubts ask in the comments box. Kindly, Rate this answer.
1. Gross profit - Operating expenses = EBIT
2. Cost of goods sold + Gross profit = Net Sales
3. Sales revenue - Sales discount - Returns and allowances = Net sales
4. Income from operation + Other revenue - other expenses = Net income.
5. Net sales - Cost of goods sold = Gross profit
State the missing items. (For sales revenue enter answers in alphabetical order.) Gross profit - Operating...
Determine the missing amounts. Cost of Goods Sold Gross Profit Operating Expenses (a) Sales Revenue $78,100 $110,800 $ 39800 $38,300 $ 22700 (b) $77,400 $ 75900 $ (c) $ $81,800 $80,400 $45,3 55 ponents in Sheridan Company's income statement. nounts. old Gross Profit Operating Expenses Net Income 39800 $38,300 $ 22700 $15,600 $77,400 75900 $ $22,800 581,800 $80,400 $45,300 $ dia Attempts: 0 of 3 used Submit Answer aved 2 hours ago -submitted on the due date. Question 2 of...
Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Inc Year $ 72,340 $ (b) $32,300 $ (d) Year $111,100 $73,700 $ Year $71,900 $71,900 $116,050 $47,390 $ eTextbook and Media Save for Later Attempts: 0 of 10 used Submit Answer Send to Gradebook < Prev Next > Operating Expenses Net Income 32,300 $ $13,050 (0) $ $30,910 116,050 $47,390 $ Attempts: 0 of 10 used Submit Answer
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QUESTION 103 For each of the following, determine the missing amounts. Sales Cost of Operating Revenue Goods Sold Gross Profit Expenses 1. $100,000 $30,000 $135,000 $125,000 Net Income $12,000 $80,000 T T TT Paragraph. Arial %DO Q E $x Mashups - Tu © @£2 3 (12pt) T' T25 - E. - -- Path:p QUESTION 104 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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In each of the following equations supply the missing term(s): Bold Missing term. a. Net sales = Gross sales - (______________________ + Sales returns and allowances). b. Cost of goods sold = Beginning inventory + Net cost of purchases - ________ ________. c. Gross margin = ________ ________ - Cost of goods sold. d. Income from operations = __________ _________ - Operating expenses. e. Net income = Income from operations + _________ ________ - ________ ________.
Presented here are the components in Sheridan Company’s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income Year 1 $ 74,640 $Enter a dollar amount for year 1 (b) $ 31,300 $Enter a dollar amount for year 1 (d) $13,940 Year 2 $109,800 $73,200 $Enter a dollar amount for year 2 (c) $Enter a dollar amount for year 2 (e) $30,340 Year 3 $Enter a dollar amount for year 3 (a)...