Ask Question
26 April, 11:37

Cushman company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold of $386,650, and $280,015 in operating expenses. gross profit equals:

+4
Answers (1)
  1. 26 April, 13:23
    0
    When solving for the gross profit on a product use:

    Gross profit = Sales - Cost of goods sold

    Sales = $814,000

    Cost of goods sold = $386,650

    Gross profit = $814,000 - $386,650

    Gross profit = $445,350
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cushman company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold of $386,650, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers