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∙ 15y ago
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Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
Is the discount received added gross profit as income?
yup it is as it is an income so we add it in the gross profit....
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
Net income plus operating expenses is equal to gross profit?
gross profit
Income from operations is gross profit less?
operating expenses
Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
Is the discount received added gross profit as income?
yup it is as it is an income so we add it in the gross profit....
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
Net income plus operating expenses is equal to gross profit?
gross profit
Where do you enter gross profit on an income statement?
Gross profit is usually the third item on a multi-step income statement:Net SalesLess: Cost of Goods SoldEquals Gross ProfitGross profit does not appear on a single step income staement.
What is the business name for profit?
Gross income
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
What is the formula to calculate the gross margin?
The gross margin formula is gross profit divided by revenue. The gross profit and revenue amounts can be found by looking at a companies income statement.
What annual report will the gross profit appear in?
on the income statement
Income from operations is gross profit less?
operating expenses
What is the difference between Gross Revenue and Gross Profit?
Gross revenue is the total sales/income from the primary business activity. Gross profit is Net Sales minus Cost of Goods Sold. Look at a multiple-step income statement for clarification.
How could net profit be greater than gross profit?
It is impossible for net profit to be greater than gross profit. Gross profit is the income made before any expenses. Net profit is less once all expenses have been deducted.
