equals net sales minus cost of goods sold and is reported on the income statement. | BTCC Knowledge

equals net sales minus cost of goods sold and is reported on the income statement. pepe unchain Bnb Eth XRP Bitcoin crypto futures coinbase futures

To calculate Cost of Goods Sold (COGS), first determine the gross profit by multiplying net sales by the gross profit margin. For example, with $100,000 net sales and a 40% gross profit margin, gross profit is $40,000. COGS is then calculated by subtracting gross profit from net sales, resulting in $60,000. COGS represents the direct costs associated with producing the goods sold during the accounting period.

Related articles

What Are TON Mini Apps? Everything You Need to Know2025-01-03 17:29:52Imagine a world in which your preferred messaging app o […]

Rollblock ($RBLK) Coin Review & Analysis: Next Big Token To Explode?

Rollblock ($RBLK) Coin Review & Analysis: Next Big Token To Explode?2025-01-03 17:20:54Driven by Donald Trump’s big victory in the US election […]

Best Crypto Exchanges Canada 2025

Best Crypto Exchanges Canada 20252025-01-03 16:20:59The crypto world has finally made it to 2025 – and with […]

Will XRP Reach $100? Ripple (XRP) Price Prediction 2025, 2026, 2030

Will XRP Reach $100? Ripple (XRP) Price Prediction 2025, 2026, 20302025-01-03 16:00:18    The triangle formation and the prospects […]

Best Crypto Stocks To Buy In Canada For January 2025

Best Crypto Stocks To Buy In Canada For January 20252025-01-03 15:50:04In Canada, one of the most developed economies, crypto […]

The World's Leading Crypto Trading Platform

Get my welcome gifts

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved