Respuesta :
Net sales/revenue = $752,000
Cost of goods sold (COGS) = $543,000
Net income = $17,530
To find the gross margin you will follow the equation:
gross margin = (revenue-COGS)/revenue
gross margin = ($752,000-$543,000)/$757,000
gross margin = $209,000/$757,000
gross margin = .276, 27.6%
To find the operating expenses or OER you'll need to divide the companies operating expenses by the operating income. This will yield in the operating expenses.
Cost of goods sold (COGS) = $543,000
Net income = $17,530
To find the gross margin you will follow the equation:
gross margin = (revenue-COGS)/revenue
gross margin = ($752,000-$543,000)/$757,000
gross margin = $209,000/$757,000
gross margin = .276, 27.6%
To find the operating expenses or OER you'll need to divide the companies operating expenses by the operating income. This will yield in the operating expenses.
The company's gross margin and operating expenses, respectively, are is $209,000 and $191,470
- The calculation is as follows:
Gross margin is
= Net sales - cost of goods sold
= $752,000 - $543,000
= $209,000
And,
Operating expenses is
= Gross margin - net income
= $209,000 - $17,530
= $191,470
The above formulas should be applied.
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