Solved

A Company Has Sales of $695,000 and Cost of Goods

Question 128

Multiple Choice

A company has sales of $695,000 and cost of goods sold of $278,000.Its gross profit equals:

A) $(417,000) .
B) $695,000.
C) $278,000.
D) $417,000.
E) $973,000.

Related Questions

Q15: The credit terms 2/10, n/30 are interpreted

Q29: The amount recorded for merchandise inventory includes

Q121: Which of the following accounts would be

Q124: Fill in the blanks (a)through (g)for the

Q125: Johnnycake Restaurant uses a periodic inventory system.Prepare

Q126: A buyer failed to take advantage of

Q130: A company had net sales of $752,000

Q131: A company's current assets are $17,980,its quick

Q155: A company's net sales are $775,420, its

Q225: Non-operating activities that include interest, dividend, and