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[主观题]

Cost of goods sold:

A、Is another term for merchandise sales.

B、Is the term used for the cost of buying and preparing merchandise for sale.

C、Is another term for revenue.

D、Is also called gross margin.

E、Is a term only used by service firms.

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更多“Cost of goods sold:”相关的问题

第1题

In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?

A.250 million dollars

B.150 million dollars

C.300 million dollars

D.350 million dollars

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第2题

An analyst gathers the following information about a company:

Cost of goods sold $18.4 million

Average inventory $2.5 million

Receivables turnover 24 times

Number of days of payables 25 days

Under U.S.GAAP, the company’s cash conversion cycle (in days) is closest to:

A.40.

B.59.

C.65.

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第3题

Cost of goods sold is determined by examining which of the following?

A、The balance sheet

B、Sources and uses of the financial statement

C、The cash budget

D、The income statement

E、The overhead and administrative expense statement

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第4题

A company had sales of $695,000 and cost of goods sold of $278,000. Its gross margin equals:

A、$(417,000).

B、$695,000.

C、$278,000.

D、$417,000.

E、$973,000.

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第5题

The difference between your sales and your cost of goods sold is known as your _____.

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第6题

An understatement of the ending inventory balance will understate cost of goods sold and overstate net income.

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第7题

The inventory turnover ratio is computed by dividing average merchandise inventory by cost of goods sold.

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第8题

An error in the period-end inventory balance will cause an error in the calculation of cost of goods sold.

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第9题

Expenses are outflows of economic resources including cost of goods sold, selling, general and administrative expenses, tax expense, interest expense, etc.

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第10题

A company had sales and cost of goods sold of $350,000 and $200,000, respectively. Its gross profit equals $150,000.

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