Asked by Salvi Sharma on May 27, 2024
Verified
Identify and explain the key components of a merchandiser's net income.
Merchandiser's Net Income
The profit realized by a merchandising company after subtracting all of its operational expenses and cost of goods sold from its total revenue.
Key Components
Essential parts or elements that make up a larger system or process.
- Work out the primary financial gain for a business entity.
Verified Answer
AR
Abdellah RahmouneJun 01, 2024
Final Answer :
The basic components of income begin with net sales.Cost of goods sold is subtracted from net sales to determine gross profit (also called gross margin).Operating expenses are then subtracted from gross margin to determine net income.
Learning Objectives
- Work out the primary financial gain for a business entity.
Related questions
National Storage Company Had Sales of $1,000,000,sales Discounts of $2,500,sales ...
The Following Information Is for Barrel and Its Competitor Crate ...
Harley's Antique Shop Had Net Sales of $772,000 ...
Complete the Following Data Taken from the Condensed Income Statements ...
Complete the Following Data Taken from the Condensed Income Statements ...