Calculating for firm's gross profit

Business & Finance
Tutor: None Selected Time limit: 1 Day

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. 

Aug 22nd, 2015

Thank you for the opportunity to help you with your question!

Sales - Cost of Goods Sold = Gross Profit

4106940-2641560=1465380

Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 22nd, 2015

Thank you so much! I wasn't sure if this was the right formula to use for calculating the gross profit. 

Aug 22nd, 2015

am sorry have realised that the cost of goods sold includes the expenses am sending the correct on now

Aug 22nd, 2015

oh okay.

Aug 22nd, 2015

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 

Aug 22nd, 2015

Thank you for making sure.

Aug 22nd, 2015

rate me please

Aug 22nd, 2015

would you mind adding me as you tutor please

Aug 22nd, 2015

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Aug 22nd, 2015
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Aug 22nd, 2015
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