during the month, merchandise is sold for $81,000 cash and for $119,500 on account. the cost of merchandise sold is $101,200. what is the amount of revenue? a.$81,000 b.$101,200 c.$200,500 d.$119,500

Question

28-10-2022
Business

contestada

during the month, merchandise is sold for $81,000 cash and for $119,500 on account. the cost of merchandise sold is $101,200. what is the amount of revenue? a.$81,000 b.$101,200 c.$200,500 d.$119,500

Respuesta :

Otras preguntas

What is the y-intercept of a line that has a slope of 1/4 and passes through point (8,3)?

From age 2 months on, as many children spend more and more time looking into others' eyes, some children do so less and less. what is the most likely cause of t

Select three things that are not part of writing a literary critique for a short story. 1: summarize the plot briefly 2: briefly give author's background 3:

What a coach believes about himself—for example, whether he's an effective or ineffective coach or a good or bad parent, or a considerate or inconsiderate frien

At the movie theatre, child admission is $5.50 and adult admission is $8.60 . On Thursday, twice as many adult tickets as child tickets were sold, for a tota

The diatomic molecule of chlorine, cl2, is held together by a(n)____ covalent bond.

Everything is on the picture

how do you change colors for presentation to blue warm in power point?

Your little sister, who is 14 years old, has been extremely emotional lately. her mood changes very abruptly. although at this point there are many changes that

Which equation is equivalent to log 100 = 2? A) 2^10 = 100 B) 10^2 = 100 C) 50×2 = 100 D) 100^2 = 10

MonikaNandal MonikaNandal · Answer 1 · 2022-11-02T11:30:34+01:00

Cost of goods sold (COGS) is subtracted from total revenue to determine gross profit. Typically, only variable expenses are taken into account when determining gross profit from COGS. Variable expenses are those that are directly related to output (like material and shipping costs).

What does "gross profit" actually mean?

The gross profit of a business is determined by subtracting the total sales from the total cost of the goods sold. The total sales of the company include every item it sells. The total cost of the goods sold is calculated by adding up all of the variable costs associated with sales.

$81,000 + $119,500 = $200500

$200500 - $101,200 = $99300

Learn more about gross profit here:

https://brainly.com/question/21637154

#SPJ4