To Calculate Gross Profit

question 104

Multiple Choice

To calculate gross profit,

• A) subtract Freight-In from net purchases.
• B) subtract ending inventory from cost of goods available for sale.
• C) subtract cost of goods sold from net sales.
• D) add freight to net purchases.

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Definitions:

Work Performance

Work performance is the level of effectiveness and efficiency with which an individual or team executes assigned tasks or duties.

Work Attitude

An individual's set of feelings, beliefs, and thoughts about their job and work environment.

Rewarded

Recognized, recompensed, or given a prize for one's efforts, achievements, or behavior, often motivating continued performance or conduct.

Performance Coaching

A process where a coach supports an individual in achieving specific personal or professional competence, goals, and results.