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Homework answers / question archive / A company reported revenues of $ 380 000 cost of goods sold of $ 126 000 ?selling expenses of $ 12 000 ?and total operating costs of $ 79 000   Gross margin for the year is? ________

A company reported revenues of $ 380 000 cost of goods sold of $ 126 000 ?selling expenses of $ 12 000 ?and total operating costs of $ 79 000   Gross margin for the year is? ________

Accounting

A company reported revenues of $ 380 000

cost of goods sold of $ 126 000

?selling expenses of $ 12 000

?and total operating costs of $ 79 000

 

Gross margin for the year is? ________.

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Computation of Gross Margin of the Year:

Gross Margin = Revenues - Cost of Goods Sold

= $380,000 - $126,000

Gross Margin = $254,000