Magnificent Industries had gross sales of $12.7 million, net sales of $11.5 million, and cost of goods sold of $8.1 million. What was the gross profit for Magnificent Industries?

Fill in the blank(s) with the appropriate word(s).


$3.4 million

Business

You might also like to view...

According to Dennis Rook, a key aspect of a ritual is ________

A) artifacts B) scripts C) performance roles D) all of the above

Business

What technique is used by business firms to determine if their services are in line with the strategies and goals?

A. external audit B. portfolio analysis C. balanced scorecard D. stakeholder analysis

Business

Register disbursement schemes:

a. are among the most costly of all disbursement schemes. b. average about $26,000 per incident. c. include false sales. d. All of the choices are true of register disbursement schemes.

Business

Bootstrap financing involves using any possible method, such as discounts for volume purchasing, to conserve cash.

Answer the following statement true (T) or false (F)

Business