Accountıng I Deneme Sınavı Sorusu #1181717
Which of the following is the formula of gross profit?
|
Sales revenue - Cost of goods sold |
|
Operating expenses + Administrative expenses |
|
Operating income - Interest revenues |
|
Net income + Operating income |
|
Sales revenue - Net income |
Yanıt Açıklaması:
When COGS is deducted from sales revenue, gross profit is calculated. Gross
profit evaluates the company’s profitability in terms of selling activities.
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