Definition of speculate for English Language Learners. : 1  to think about something and make guesses about it : to form ideas or theories about something usually when there are many things not known about it. : 2  to invest money in ways that could produce a large profit but that also involve a lot of risk.
140,637. To calculate the gross profit, we first add up the cost of goods sold: Automotive cost of sales ($123,516 m) + FS interest expenses ($2,699 m) + FS provision for credit and insurance loss ($305 m) = $126,520 m. We do not include Selling, administrative and other expenses, since these are mostly fixed costs.ross profit is expressed as a currency value, gross profit margin as a percentage. The formula for gross profit margin is: Gross profit margin = gross profit / revenue = (revenue-cost of goods sold) / revenue. Gross profit margins vary greatly by industry.
When using the weighted average method, divide the cost of goods available for sale by the number of units available for sale, which yields the weighted-average cost per unit. In this calculation, the cost of goods available for sale is the sum of beginning inventory and net purchases. You then use this weighted-average figure to assign a cost to both ending inventory and the cost of goods sold.