Reference no: EM132769812
Questions -
Q1. Gross profit less direct operating expenses equals?
Q2. All of the following are used to compute gross profit EXCEPT
a. sales discounts.
b. account receivables.
c. sales.
d. purchases.
Q3. The PJC department of McIntyre Company shows gross sales of $730,600 for computer supplies and $934,900 for general office supplies. It has determined that computer supplies cost $534,000 and that general office supplies cost $391,400. What is the total gross profit for the PJC department?
a. $754,000
b. $934,900
c. $740,100
d. $1,590,900
Q4. The PJC department of McIntyre Company shows gross sales of $730,600 for computer supplies and $934,900 for general office supplies. It has determined that computer supplies cost $534,000 and that general office supplies cost $391,400. What is the gross profit percentage for the computer supplies section of the PJC department?
a. 26.9%
b. 1.4%
c. 73.0%
d. $196,600
Q5. The PJC department of McIntyre Company shows gross sales of $730,600 for computer supplies and $934,900 for general office supplies. It has determined that computer supplies cost $534,000 and that general office supplies cost $391,400. What is the gross profit percentage for the PJC department?
a. 44.44%
b. 64.32%
c. 1.56%
d. $2,590,900
Q6. The parts department shows gross sales of $116,000 and cost of goods sold of $38,000. What is the gross profit percentage of the parts department?
a. 32.8%
b. 51.3%
c. 48.7%
d. 67.2%
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