Question and answer
A classified income statement showed net sales of $435,000, cost of goods sold of $188,000, and total operating expenses of $165,000 for the fiscal year ended June 30, 2011. What was the gross profit
on sales?
This conversation has been flagged as incorrect. New answers have been added below ....
Get an answer
Original conversation
User: A classified income statement showed net sales of $435,000, cost of goods sold of $188,000, and total operating expenses of $165,000 for the fiscal year ended June 30, 2011. What was the gross profit on sales?

Weegy: The gross profit is $788,000.
patmarone|Points 4358|

User: A classified income statement showed net sales of $435,000, cost of goods sold of $188,000, and total operating expenses of $165,000 for the fiscal year ended June 30, 2011. What was the gross profit on sales?

Weegy: The gross profit is $788,000.
patmarone|Points 4358|

Question
Asked 4/6/2012 10:08:16 PM
Updated 4/6/2012 10:34:06 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
New answers
Rating
3
Gross profit = Net sales - Cost of goods sold.
Gross profit = $435,000 - $188,000
The Gross profit on sales is $247,000
Added 4/6/2012 10:34:06 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
17,394,043 questions answered
Popular Conversations
Which of the following areas would most likely have the deepest layer ...
Weegy: Which of the following areas would most likely have the deepest layer of topsoil? b. beach User: Which layer ...
9/17/2014 1:00:32 AM| 4 Answers
Ramona enjoys her job because she is able to help kids in an after ...
Weegy: Ramona enjoys her job because she is able to help kids in an after school program. The work value Ramona feels ...
9/16/2014 7:40:25 AM| 3 Answers
A story’s narrator is its ...
9/16/2014 8:41:39 AM| 3 Answers
9=8m+23
9/16/2014 9:18:52 PM| 3 Answers
what is the seafarer?
9/16/2014 7:19:39 AM| 2 Answers
If a material has a hardness of 8, it cannot be scratched by a ...
Weegy: That is false User: In a test of hardness, _____ will scratch _____. corundum, diamond talc, gypsum quartz, ...
9/16/2014 7:15:55 AM| 2 Answers
The value of y varies directly with x, and y = 4 when x = 10. Find y ...
Weegy: y = 2.5 when x =4. User: The value of y varies directly with x, and y = 3 when x = 1. Find y when x = ...
9/16/2014 7:36:20 AM| 2 Answers
The value of y varies directly with x, and y = 3 when x = 6. Find y ...
Weegy: y = 2.5 when x =4. User: The value of y varies directly with x, and y = 12 when x = 6. Find y when x = ...
9/16/2014 7:41:01 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 1800 [Total 26199]| Ratings 4| Comments 1760| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1660 [Total 8191]| Ratings 8| Comments 1580| Invitations 0|Online
S
L
1
1
1
1
L
1
L
Points 1277 [Total 11057]| Ratings 0| Comments 1277| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1222 [Total 18394]| Ratings 3| Comments 1192| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1180 [Total 17119]| Ratings 9| Comments 1090| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 460 [Total 11706]| Ratings 0| Comments 460| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 441 [Total 18972]| Ratings 0| Comments 441| Invitations 0|Offline
S
L
Points 396 [Total 1066]| Ratings 0| Comments 396| Invitations 0|Offline
S
1
L
L
Points 368 [Total 5492]| Ratings 4| Comments 328| Invitations 0|Offline
S
P
C
L
P
L
1
Points 45 [Total 6102]| Ratings 1| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.