Explain Gross Profit
Give a brief introduction of the term ‘Gross Profit’?
Expert
Gross Profit is a company’s revenue subtracts its cost of goods sold. It is also termed as gross income and gross margin. It is computed through subtracting all costs related to sales that is, manufacturing expenditures, raw materials, labor, and advertisement and selling expenditures from sales. It is a sign of the managements’ effectiveness to use labor and material in the production procedure.
Gross Profit = Net Sales – Cost of Goods Sold
Briefly describe the term ‘Indirect Monetary compensation’?
Give a brief introduction of the term underwriting?
Describe briefly the term Revenue Expenditure?
In what manner Revenue Expenditure affect the profitability statement in a period?
Give a short introduction of the term ‘Absorption’? And also write down its various methods employed for deciding the rates of overhead absorption?
Describe briefly payback period method for valuation of capital expenditure proposal?
In what effects over stocking avoided?
What do you understand by the term discounted payback period?
Give a brief introduction of the term Net Profit?
Write down the Distribution and Selling Overheads?
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