The difference between revenue and cost of goods sold is called:
gross profit
owner's equity
cost of goods sold
net income before taxes

Answers

Answer 1

Answer:

gross profit

Explanation:

Revenue is the income gained through the sales of goods and services to customers. It is the money received from customers when they buy from a business.

Costs of goods sold are the expenses incurred in producing goods meant for sales. It is composed of the direct cost of the manufacturing process. Costs of goods sold include direct materials, direct labor costs, and direct overhead costs.

Gross profit is equal to sales minus direct costs.  Revenue is the same as sales, and direct costs are similar to the costs of goods sold. Therefore, revenue minus costs of goods sold is equal to gross profit.


Related Questions

An NOL has the potential to lower income and reduce taxes for the taxpayer

Answers

Answer:

The correct response is "for the carryover or carryforward year".

Explanation:

NOL usually happens that whenever a taxpayer's corporate taxable income exceeds his corporation yearly revenue. The whole NOL could be utilized to back split from several other taxable incomes, which have become perhaps throughout the future, in other words, managed to carry forward. Throughout the current environment, and there'll be revenue, NOL would be adapted and the tax burden would be whittled down either by NOL proportion.

Prepare a check stub and check using the information given here:



1. The balance brought forward to Check Stub No. 225 is $11,060.00.



2. A deposit of $3,484.00 is made on Dec. 5 of the current year.



3. Notice is received from the bank of a dishonored check for $150.00, plus fee, $25.00; total, $175.00.



4. Check No. 225 for $160.00 is issued to Naples Supply on Dec. 5 of the current year



5. Enter Student's Signature in cell where you would sign the check.

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Note: This question is incomplete and lacks the figure of check to which we have to fill the requirements. However, I have found a similar check on the internet and will be solving this question accordingly.

Date: 11/05/20xx   (Put current year in this, whatever it is)

To: Naples Supply

For: Supply of Goods.

Balance Brought  Forward = $ 11,060.00

Amount deposited = $ 3,484.00   (is made on the Dec, 05, 20xx, as we don't know the current year)

Sub Total= $ 14,544.00      (Balance Brought Forward + Amount deposited)

Others ,

Check dishonored plus fees= $ 150.00 + $25.00 = $175.00      

Sub Total= $ 14,369.00        ($14,544 - $175)

Amount issued to Naples Supply = $160.00

Balance carried Forward= $ 14,209.00       ($14,369 - $160)

Similarly,

Date: 11/05/20xx   (Put current year whatever it is)

Pay to the order of: Naples Supply

Amount in words : One hundred and sixty dollars only.

For the purpose of : Supply of goods

Finally,

A sign, on the check.

Technician a says that in a worm gear steering system, most excessive steering free play is usually found in the gearbox. technician b says that in a rack-and-pinion steering system, excessive free play can be found in the bushings. who is correct? choose one answer. a. technician a b. technician b c. both technician a and technician b d. neither technician a nor technician b

Answers

Answer:

b. technician b

Explanation:

Worm gear is the arrangement of gear like a worm in the vehicle. It has rack and pinion steering system. This setup provides smooth drive experience to the drivers. The excessive freeplay in such a setup is found in bushings.

definition of a stakeholder

Answers

1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.

Select the correct answer from each drop-down menu.
What does a personal budget do?
A personal budget provides a ( salary slip, detailed account, summary)
of income and expenses for a (monthly,given,yearly)
period.

Answers

Answer:

A personal budget provides a detailed account of income and expenses for a period.

Explanation:

A personal budget is a plan of how one intends to spend their income.  It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

Answer:

A personal budget provides a Summary of income and expenses for a

Given period

Explanation:

got it right on the test for edmentum.

What is the correlation between an index of civic-mindedness and years of involvement in local organizations and charities among members of city councils of selected midsized cities in the northeastern United States?" The chief weakness of this research problem is that:

A. It implies only description of the data, not interpretation.B. It does not lead to the creation/discovery of new information.C. It lacks clarity or completeness in the problem statement.D. Studying the question as stated is not feasible.

Answers

Answer:

A. It implies only description of the data, not interpretation.

Explanation:

A research problem is one that involves description, analysis, and interpretation of information from an ongoing research as a step to understand what researchers have found out so far and solve any problems.

In the given scenario one is asked the correlation between an index of civic-mindedness and years of involvement in local organizations and charities among members of city councils of selected midsized cities in the northeastern United States?

This only describes the problem, it does not show analysis that has been done for example correlation between index of civic mindedness and years of involvement in local organisations is 0.8 (this is the analysis).

The fact that the correlation is high is the interpretation.

If the cost of production decreases for Tesla’s cars, what effect will this have on consumers who want to buy one???

Answers

Answer:

The consumers will pay more.

Explanation:

Should the production cost increase, the price of  Tesla cars is also likely to increase. Typically, producers are likely to pass the increased costs to the cars' final price. The market price for the cars will go up, meaning customers will pay more for the cars.

HELP ME PLEASE
Based on the cell theory, which of the following is true? (5 points)
All cells are too small to be seen.
All living things are made of cells.
Small organisms have more cells than large organisms.
Large organisms have larger cells than small organisms.
5.
(04.02 LC)

Anton Leeuwenhoek devised a primitive microscope to observe a sample of his tooth scrapings. How did this help contribute to cell theory? (5 points)
It helped to show that cells cannot function independently.
It helped to show that some bacteria can swim like fish.
It helped to show that some bacteria are just one cell.
It helped to show that cells can be created from thin air.
6.
(04.02 MC)

A scientist eliminated all living organisms in a jar of soup by heating it. He then left the soup jar uncovered for some days. After a few days, he saw molds in the soup. What most likely formed the mold? (5 points)
Mold spores present around the jar
Nonliving matter in the environment
Water molecules in the soup
Glass particles in the jar
7.
(04.02 LC)

A scientific theory is different than the way we use the word theory in common speech. Which of the following describes the way the term theory is used in everyday life? (5 points)
It explains how nature works.
It is supported by observation and testing.
It is supported by experimental results and data.
It is a random guess about how something happened.
8.
(04.02 MC)

Read the two statements given below.

Statement 1: Children knocked over the trash can while cycling
Statement 2: Plant cells generate from sunlight and chlorophyll

Which of the following best relates the statement to the correct type of theory? (5 points)
Both statements are about scientific theories.
Both statements are about everyday life theories.
Statement 1 is about an everyday life theory, and statement 2 is about a scientific theory.
Statement 1 is about a scientific theory, and statement 2 is about an everyday life theory.
9.
(04.03 LC)


Which number label represents the nucleus?
6
5
3
2
10.
(04.03 LC)

Which organelle provides protection and support to a cell? (5 points)
Cell wall
Cytoplasm
Nucleus
Ribosome
11.
(04.03 MC)

Plant cells and animal cells were observed under a microscope. The characteristics of two cells are listed below.

Cell X: Has chloroplast
Cell Y: Does not have a cell wall

Which statement about the two cells is correct? (5 points)
Cell X has a cell membrane.
Cell X has a small vacuole.
Cell Y has a large vacuole.
Cell Y has chloroplast.
12.
(04.03 MC)

What will most likely happen in the absence of a cell wall? (5 points)
Photosynthesis will not occur.
The cell will lose its shape and support.
Cellular respiration will not take place.
Substances will not move in and out of the cell.

Answers

Answer:

I only know the answer to the last question, sorry.

The cell will lose its shape and support

Explanation:

I took the quiz.

At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?

Answers

Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...

Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.

What is firm?

A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).

The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.

The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.

To learn more about the firm follow the link.

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What is the first step in diffusing a conflict with an angered customer?
A. elevate the problem to the appropriate person
B. document the situation for analysis
C. assess the situation
D. let the customer vent​

Answers

...........The answer is C

How does social distancing and stay-at home measures change our buying behavior(s)?

Answers

Answer:

we have to socal distance and then we get annoyed and upset when someone gets in our space

Calculate the net pay using the following information:
Gross pay = $700
FICA tax = $55.90
Federal taxes = $85
State taxes = $20.44
Local taxes = $0
Health insurance =$47.50
Net pay = ?

Answers

Answer:

$ 491.1

Explanation:

Net pay is the take home pay salary. it is calculated by subtracting  all deduction from the gross pay

Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59

Total deductions = 208.84

Net pay = Total sales - taxes

=$700 - $208.84

=$ 491.36

Maria is a recruiter with a bachelor's degree in business administration. She is well respected among her peers for her professional standards and understanding of the HR field. However, she has noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. The most likely reason for this is because Maria:________.

Answers

Group of answer choices.

A. Is not warm enough to the applicants.

B. Is perceived as less credible because she is an HR specialist.

C. Does not give applicants enough information, leaving them with more questions than answers.

D. Comes off as being too professional for someone in the HR field.

E. Is not approaching the candidate with enough skepticism.

Answer:

B. Is perceived as less credible because she is an HR specialist.

Explanation:

Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.

In this scenario, Maria is well respected among her peers for her professional standards and understanding of the HR field. She noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. Thus, the most likely reason for this is because Maria is perceived as less credible because she is an HR specialist and as such is considered not to have a deep understanding of the field of engineering to recruit a qualified and experienced candidate.

The careful allocation of expenses so that each person pays his or her share is called:

Group Budget

Careful Spending

Logistics

Answers

Answer:

Group Budget

Explanation:

A budget is a plan of expenditure. It shoes show expected funds will be used. A budget can be prepared for an individual, a group, a company, or a country.

A group budget will details how a group is planning to use its funds. When it comes to the distribution of funds among members, a group budget shows the total amount to be distributed, and the amount each member will get.

A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend

Answers

a, your interview :)

A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.

What is interview?

A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.

In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.

Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.

Learn more about interview here:

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hiro was using the database to prepare information for a presentation to potential investors which tool is he likely to use
A. Queries
B. Reports
C. Sorts
D. Forms

Answers

Answer:

It's Reports

Explanation:

Answer:

B. Reports Hope this helps!

Describe the importance of the OSHA and what help they provide for small companies.

Answers

Answer:

OSHA's role is to assure the safety and health of America's workers by setting and enforcing standards; providing training, outreach, and education; establishing partnerships; and encouraging continual process improvement in workplace safety and health

your merchant fee is 2.5 %. your customers paid you $3,000,000 through credit cards. what is your total merchant fee?

Answers

Answer:

$75,000

Explanation:

he merchant fee will be 2.5% of $3,000,000

=2.5/100 x $3,000,000

=0.025 x $3,000,000

=$75,000

PleasE i dOnT uNdErStAnD
Derreck earned $1,738 last year. If 6% is taken out for social security tax, then how much is left?

Answers

Answer:

1633.72 would be left OkayChamp

Explanation:

Need a slogan for my product for business class

Answers

what’s the product??
I hope your business goes somewhere one day! Good luck mate.

a marketing plan and operating budget are two components of
a.a long range planning
b. a business plan
c. short range planning
d. a staff planning

Answers

pretty sure the answer is a or b


_______are made of pooled money of shareholders in a company invested
by a fund manager
Mutual Funds
Savings Bonds
Certificates of Deposit

Answers

certificates of deposit

This would be a mutual fund

Which of the following is an intangible noncurrent asset?

Answers

The answer is A. Equipment

Answer:

Trademark

Explanation:

1.XYZ company had a total profit of $500,000. XYZ's expenses were $200,000. What is the net profit for XYZ company?

Answers

Answer:

$300,000

Explanation:

The household income for the Washington family is $100,000, and they pay an income tax rate of 25%. What is the Washington's
annual disposable income?
A)
$100,000
B)
$25,000
C)
$50,000
D)
$75,000

Answers

Answer:

D) $75,000

Explanation:

Disposable income is the income available for a household to spend.It is the take home or net income for businesses and households.

calculation f disposable income = Income -deductions

In this case deductions will be income tax.

deductions

In this case, deductions = 25% of income

=25/100 x $100,000

=0.25 x $10,000

= $ 25,000

disposable income =$100,000 - $25,000

=$75,000

MY STORE bought sweaters at a wholesale price of $12 and sold them for $34.99. Ron says the markup is $46.99 but you say he is wrong. Show Ron how to find the markup amount.

Retail price= (wholesale price x markup %) + wholesale
Markup %= (retail - wholesale) x 100/wholesale
Discount= (OG price x discount %)
Sale price= OG price - discount
Discount %= (OG price - sale price) x 100/OG price

Answers

Answer:

Markup %= (retail - wholesale) x 100/wholesale

Explanation:

Mark up is the difference between the selling price and the buying price. It represents profits that a business makes or desires to make from the sale of an item.

Mark-up is expressed as a percentage of the buying price. For my store, profits will be calculated by getting the difference between the wholesale price( buying price) and the selling price( retail price).

Mark will be = retail price- wholesale price    x 100

                                wholesale price.

Which of these examples demonstrate common qualifications for Information Support and Services careers? Check
all that apply.

Gabriella is a good leader and handles responsibility well.

Blaine can stand for long periods of time without getting tired.

Maureen is able to lift heavy objects.

Kyung can accurately estimate how long different tasks will take.

Carter is skilled in art and graphic design.

Octavio is good at breaking down large projects into smaller steps.

Answers

Answer:

146

Explanation:

Answer: 1. Gabriella is a good leader and handles responsibility well.

4. Kyung can accurately estimate how long different tasks will take.

6. Octavio is good at breaking down large projects into smaller steps.

XYZ Company plans to sell 11,000 units of its product in January and another 10,000 in February. The beginning balance of finished goods is 1,100 on January 1 and XYZ Company wants an ending balance on January 31 of 1,000 units. How many units of its product should XYZ Company produce during January to meet its goals?
a. 9,900
b. 10,900
c. 11,000
d. 12,000

Answers

Answer:

10,900 units

Explanation:

The applicable formula is the formula for calculating the cost of goods sold, COGS.

COGS = The applicable formula is the formula for calculating the cost of goods sold, COGS.

COGS = Beginning inventory + purchases - closing inventory

In this case,  COGS will be 11,000 units:  Beginning balance 1100 and ending balance of 1000.

11,000 = 1100 + P -1000

11,000 = 1100-1000 +P

11,000 = 100 + P

P= 11,000 -100

P= 10,900

Productions should be 10,900

A basic account is: *

An account where you can save money.
An account where your income goes.
An account that allows you to borrow money from the bank.​

Answers

Answer:

An account where you can save money.

Explanation:

A basic bank account is designed to assist low-income earnest or persons with a poor credit score manage their finances. It offers a platform where they can save and perform basic banking transactions such as deposits and withdrawals.  Basic bank accounts have restricted features. Overdrafts, checkbooks, credit cards, or debit cards are not offered. Basic accounts are primarily for providing a savings platform.

During the first few months of operating a new business, the cash flow is usually:
positive
unknown
estimated
negative

Answers

It’s the second to last; estimated
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