Which of the Following Is the Equation Form of Gross

question 79

Multiple Choice

Which of the following is the equation form of gross profit?

• A) income − COGS
• B) gross profit − operating expenses
• C) liabilities + owner's equity
• D) operating profit − other revenues and expenses
• E) EBT − taxes

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Definitions:

Student Loans

Financial borrowings aimed at financing higher education expenses, which must be repaid by the borrower.

Interest Rate

The part of a loan charged as interest to the borrower, typically demonstrated as an annual percentage of the unsettled loan portion.

Monthly Payment

A regularly scheduled payment that is often used to repay loans over a specific period of time.

Lump Sum

A single payment made at a particular time, as opposed to several smaller payments or installments.