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View Full Version : Profit is equal to?


toricallan
Jan 21, 2010, 07:02 PM
Profit is equal to:
A. sales plus (sales discounts and sales returns and allowances) plus cost of merchandise sold?
B. sales plus sales returns and allowances less sales discounts less cost of merchandise sold?
C. sales plus sales discounts less sales reeturns and allowances less cost of merchandise sold?
D.sales less (sales discounts less sales and returns and allowances) less cost of merchandise sold?

toricallan
Jan 21, 2010, 07:13 PM
A. Sales plus (sales discounts and sales returns and allowances) plus cost of merchandise sold?
B. sales plus sales returns and allowances less sales discounts less cost of merchandise sold?
C. sales plus sales discounts less sales returns and allowances less cost of merchandise sold
D. sales less (sales discounts and sales returns and allowances) less cost of merchandise sold

morgaine300
Jan 21, 2010, 09:52 PM
Please see the guidelines on submitting homework:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

We're not here to just outright tell you the answer to that.

morgaine300
Jan 23, 2010, 02:04 AM
Please see the guidelines for posting homework questions in the red print at the top of this forum. We aren't here to just answer stuff for you, especially multiple choice. You need to tell us what you think the answer is, and given it's multiple choice, "why" would be useful as well.