Ezra Company has sales revenue of $60,000, cost of goods sold of $36,000 and operating expenses of $14,000 for the year ended December 31. Ezra's gross profit is

Name: Ezra Company has sales revenue of $60,000, cost of goods sold of $36,000 and operating expenses of $14,000 for the year ended December 31. Ezra's gross profit is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross profit is calculated by subtracting cost of goods sold from sales revenue. Therefore, Ezra Company's gross profit is $60,000 - $36,000 = $24,000.

Ezra Company Has Sales Revenue of $60,000, Cost of Goods