Describe the term Gross Profit
Briefly describe the term Gross Profit?
Expert
Gross Profit is a company’s minus revenue its cost of goods sold. It is as well named as gross and margin income. It is evaluated by deducting all costs related to sales that is, manufacturing expenditures, raw materials, labor, and advertisement and selling expenses from sales. It is an indication of the managements’ efficiency to employ labor and material in the production procedure. Gross Profit = Net Sales – Cost of Goods Sold
Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the following estimates of cost and activity in the company’s five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Lab
Give a brief introduction of the term Convention of Materiality?
Give a brief explanation of the term accounting standard.
Explain what do you meant by the Bank Reconciliation? And how we can do its entry in the busy Software?
Premium on redemption & period of conversion for debentures who decides the amount?
What are the reasons to become an accountant?
Who make decisions on the denomination of shares in the public issue by a company?
I have two assignments for commercial law and corporations law , and it is really high % in my total marks, therefore i hope i would have the best mark. and I am in australia, therefore all law is base australian law. so please have a look
Write down the characteristic of cost accounting?
Write down the main Current Assets?
18,76,764
1944518 Asked
3,689
Active Tutors
1414417
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!