Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

FAR > Gross Margin and Relative Sales Value Method > Flashcards

Gross Margin and Relative Sales Value Method Flashcards

1
Q

Can gross margin method be used for financial reporting?

A

-No

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What does the Gross Margin method do?

A

-Estimate COGS by applying a gross margin percentage based on historical data

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

How do you calculate margin on cost?

A

(Sales - COGS) / COGS

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

FAR (93 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions