Sales $4,106,940; the selling, general, and administrative expenses $222,767; depreciation $309,247; cost of goods sold $2,641,560; income tax $392,239; interest expense $183,161.
Thank you for the opportunity to help you with your question!
Sales - Cost of Goods Sold = Gross Profit
Thank you so much! I wasn't sure if this was the right formula to use for calculating the gross profit.
am sorry have realised that the cost of goods sold includes the expenses am sending the correct on now
after research have found that
The cost of goods sold does not include any administrative or selling expenses.
so the answer i provided is correct
Thank you for making sure.
rate me please
would you mind adding me as you tutor please
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