Which of the Following Expressions Is Incorrect

question 211

Multiple Choice

Which of the following expressions is incorrect?

• A) Gross profit - operating expenses = net income
• B) Sales - cost of goods sold - operating expenses = net income
• C) Net income + operating expenses = gross profit
• D) Operating expenses - cost of goods sold = gross profit

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Definitions:

Monthly Profit

The financial gain or loss calculated at the end of each month, resulting from revenue minus expenses.

Constraints

Restrictions or limitations on the decision-making process, which can include available resources, regulations, or specific conditions that must be met.

Categories

Groups or sets into which items are placed based on shared characteristics or attributes.

Feasible Solution

A potential solution to a problem that meets all the necessary requirements or constraints.