Sales Revenue Less Cost Of Goods Sold Is Referred To As
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Gross Margin Defined Cost Of Goods Sold Cost Accounting Gross Margin
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Gross profit is the answer to this equation sales cost of goods sold cogs so add up your sales then minus the cost you incurred to create those goods you just sold.
Sales revenue less cost of goods sold is referred to as. The net income statement provides investors with an overview of company sales and expenses. Sales revenue less cost of goods sold is called. It s used to calculate the gross profit margin and is the initial profit figure listed on a company s income statement. Revenue is the price of goods or services a seller receives or.
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