Sales Revenue Less Cost of Goods Sold Is Called

question 105

Multiple Choice

Sales revenue less cost of goods sold is called:

• A)gross profit.
• B)gross margin percentage.
• C)net profit.
• D)net operating profit.

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Definitions:

Sole Proprietorships

A business structure where a single individual owns and runs the business, responsible for all its debts and liabilities.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Small Business

A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with terms set out in a Partnership Agreement.