Gross Profit Is Calculated As

question 22

Multiple Choice

Gross profit is calculated as:

• A)Total sales - cost of sales - selling,general and administrative expenses - depreciation and amortization.
• B)Total sales - cost of sales - selling,general and administrative expenses.
• C)Total sales - cost of sales.
• D)None of the above

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Definitions:

Stable

A condition or state that remains unchanged over a period of time, showing reliability or consistency.

Stable

Unchanging and consistent over time; a term often used to describe equilibriums or conditions that do not fluctuate drastically.

Attitudes

A psychological tendency expressed by evaluating an entity with some degree of favor or disfavor, shaping our responses toward that entity.

Unconscious

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions, according to Freudian psychology.