Fin Acct
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The income statement for ABC Company shows gross profit of $144,000; opeating expenses of $130,000 and cost of goods sold of $216,000. What is the net sales revenue?
$360,000
A proper income statement looks like
1. Sales Revenue 2. Sales Discount 3. Net Sales 4. Cost of Goods Sold 5. Gross Profit
The _____ cycle is a series of activities that the company undertakes to generate sales and ultimately cash
operating
What does the sales discount 2/10, n/30 mean?
you can take a 2% discount if you pay within 10 days, or the full amount is due within 30 days.
