Which of the Following Is True About Gross Profit (Gross

question 95

Multiple Choice

Which of the following is true about gross profit (gross margin) ?

• A) It is net sales minus all expenses.
• B) It is a separate account in the general ledger.
• C) It is net sales minus cost of goods sold.
• D) It is sales plus cost of goods sold.

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Definitions:

Annual Dividend

This is the total amount of dividends a company pays out to its shareholders over a fiscal year, usually expressed on a per share basis.

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around their mean.

Historical Returns

Historical returns refer to the past performance or yield of an investment or portfolio over a specified period of time.