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Sales minus operating expenses equals gross profit

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Sales minus operating expenses equals gross profit 1. Retailers and wholesalers are both considered merchandisers. 2. The steps in the accounting cycle are different for a merchandising company than for a service company. 3. Sales minus operating expenses equals gross profit. 4. Under a perpetual inventory system, the cost of goods sold is determined each time a sale occurs. 5. A periodic inventory system requires a detailed inventory record of inventory items. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Sales minus operating expenses equals gross profit

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