136.Gross profit for a merchandiser is net sales minus
a.operating expenses.
b.cost of goods sold.
c.sales discounts.
d.cost of goods available for sale.
137.During 2014, Yoder Enterprises generated revenues of $120,000. The company’s expenses were as follows: cost of goods sold of $60,000, operating expenses of $24,000 and a loss on the sale of equipment of $4,000.
Yoder’s gross profit is
a.$120,000.
b.$60,000.
c.$36,000.
d.$32,000.
138.During 2014, Yoder Enterprises generated revenues of $120,000. The company’s expenses were as follows: cost of goods sold of $60,000, operating expenses of $24,000 and a loss on the sale of equipment of $4,000.
Yoder’s income from operations is
a.$120,000.
b.$60,000.
c.$36,000.
d.$24,000.
139.During 2014, Yoder Enterprises generated revenues of $120,000. The company’s expenses were as follows: cost of goods sold of $60,000, operating expenses of $24,000 and a loss on the sale of equipment of $4,000.
Yoder’s net income is
a.$120,000.
b.$60,000.
c.$36,000.
d.$32,000.
Operating Expenses€ 90,000
Net Sales 300,000
Cost of Goods Sold154,000
Gross profit would be
a.€210,000.
b.€56,000.
c.€146,000.
d.€300,000.
141.Financial information is presented below:
Operating Expenses€ 90,000
Net Sales 300,000
Cost of Goods Sold 154,000
The gross profit rate would be
a..700.
b..187.
c..300.
d..487.
142.Financial information is presented below:
Operating Expenses€ 180,000
Sales Returns and Allowances52,000
Sales Discounts24,000
Sales Revenue600,000
Cost of Goods Sold268,000
Gross profit would be
a.€308,000.
b.€256,000.
c.€280,000.
d.€332,000.
143.Financial information is presented below:
Operating Expenses€ 180,000
Sales Returns and Allowances52,000
Sales Discounts24,000
Sales Revenue600,000
Cost of Goods Sold268,000
The gross profit rate would be
a..535.
b..489.
c..511.
d..553.
144.Financial information is presented below:
Operating Expenses€ 180,000
Sales Returns and Allowances52,000
Sales Discounts24,000
Sales Revenue640,000
Cost of Goods Sold308,000
The amount of net sales on the income statement would be
a.€616,000.
b.€564,000.
c.€640,000.
d.€664,000.
145.Financial information is presented below:
Operating Expenses€ 180,000
Sales Returns and Allowances52,000
Sales Discounts24,000
Sales Revenue640,000
Cost of Goods Sold308,000
Gross profit would be
a.€308,000.
b.€280,000.
c.€256,000.
d.€332,000.