Asked by aditya gauri on Jul 24, 2024
Verified
Net income plus operating expenses is equal to
A) cost of goods sold
B) cost of merchandise
C) sales
D) gross profit
Net Income
The total earnings of a company after subtracting all expenses from revenues, including taxes and interest, showcasing the company's financial performance over a specific period.
Operating Expenses
Expenses related to the day-to-day functions of a business outside of cost of goods sold.
Gross Profit
Gross Profit is the financial metric representing the difference between revenue and the cost of goods sold (COGS), before deducting overheads, payroll, taxation, and interest payments.
- Compute and comprehend the importance of gross profit within business functions.
Verified Answer
SJ
Sarcastic JusticeJul 26, 2024
Final Answer :
D
Explanation :
Net income plus operating expenses is equal to gross profit.
Learning Objectives
- Compute and comprehend the importance of gross profit within business functions.