You have new items in your feed. Click to view.
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.
26,222,736 questions answered
Popular Conversations
The slope of a line that is perpendicular to a line whose slope is ...
Weegy: True User: The slope of the line containing the points (-5, 3) and (-2, 1) is -2/3 2/3 -3/2 User: If the ...
9/27/2016 7:58:40 AM| 5 Answers
Solve for x. 7(3 - x) = 8(4 - 2x)
Weegy: 7(3 - x) = 8(4 - 2x); 21 - 7x = 32 - 16x; -7x + 16x = 32 - 21; 9x = 11; x = 11/9 User: Solve for x. ...
9/27/2016 11:22:30 AM| 3 Answers
sulfides
Weegy: Copper monosulfide. User: what makes up sulfides
9/27/2016 10:16:01 AM| 2 Answers
Simplify (3/10)(-5/9). a. 1/6 b. -1/6 c. 77/90
Weegy: A. 1/32 is the answer. User: Simplify (3/10)(-5/9). 1/6 -1/6 77/90 Weegy: A. 1/32 is the answer.
9/27/2016 11:42:15 AM| 2 Answers
The ban on liquor sales as outlined in the Eighteenth Amendment was ...
Weegy: The ban on liquor sales as outlined in the Eighteenth Amendment was called: Prohibition. User: An event ...
9/27/2016 1:51:29 PM| 2 Answers
The slope of every horizontal line ...
Weegy: The slope of every horizontal line is 0. User: What is the slope of the line that contains the origin and ...
9/27/2016 3:49:57 PM| 2 Answers
Define trade deficit.
Weegy: Define means state or describe exactly the nature, scope, or meaning of. User: Define the term Foreign ...
9/27/2016 6:16:53 PM| 2 Answers
Weegy Stuff
S
L
P
P
P
P
P
L
Points 1020 [Total 5092] Ratings 2 Comments 1000 Invitations 0 Offline
S
P
1
L
Points 749 [Total 1629] Ratings 6 Comments 689 Invitations 0 Online
S
Points 216 [Total 510] Ratings 0 Comments 216 Invitations 0 Offline
S
L
P
Points 127 [Total 1239] Ratings 0 Comments 127 Invitations 0 Offline
S
Points 105 [Total 105] Ratings 0 Comments 105 Invitations 0 Offline
S
L
P
P
P
Points 90 [Total 3952] Ratings 0 Comments 90 Invitations 0 Offline
S
Points 72 [Total 72] Ratings 0 Comments 72 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
L
Points 25 [Total 4250] Ratings 1 Comments 15 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.