Question

net sales are: select one: a. gross margin plus fixed expenses. b. gross sales less returns and allowances from customers. c. gross sales less cost of goods sold. d. profits less cost of goods sold. e. cost of goods sold less returns and allowances.

Answer 1

Net sales is the sum of a company's gross sales minus its returns, allowances, and discounts.

Net income calculations are now not continually obvious externally. They can frequently be factored into the reporting of top line revenues stated on the profits statement.

Does internet income equal gross margin?

Gross margin equates to internet sales minus the cost of items sold. The gross margin shows the amount of income made before deducting selling, general, and administrative (SG&A) costs. Gross margin can also be called gross profit margin, which is gross profit divided through internet sales.

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