A Company Has Net Sales of $1,909,000,sales Commissions in the Amount

question 45

Short Answer

A company has net sales of $1,909,000,sales commissions in the amount of $250,000,net income was $866,400,and the gross profit ratio is 60%,what is the amount of cost of goods sold?

Understand the processes involved in workforce planning and talent management.

Understand the calculation of net investment.

Understand the calculation of gross investment.

Interpret the concept of inventory investment and how it affects overall investment calculations.

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Definitions:

Human Resources

The department within an organization that focuses on employee recruitment, management, and providing direction for the people who work in the organization.

Analyze Audience

The evaluation of an audience to determine their characteristics, needs, and expectations, in order to tailor communication effectively.

Revision Stage

The phase in the writing process where content is reviewed and altered to improve clarity, coherence, and effectiveness.

Writing Process

The series of actions or steps involved in producing a written document, from planning and drafting to revising and editing.