After Gross Profit Is Calculated Operating Expenses Are Deducted to Determine

question 177

Multiple Choice

After gross profit is calculated operating expenses are deducted to determine

• A) gross margin.
• B) net income.
• C) gross profit on sales.
• D) net margin.

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Definitions:

Codominant

A genetic scenario in which two alleles of a gene are expressed equally in the phenotype of heterozygotes.

Heterozygous Individual

A heterozygous individual possesses two different alleles of a gene for a particular trait, resulting in genetic variation.

Different Alleles

Variations or alternative forms of a gene that can exist at a single locus (position) on a chromosome.

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele; it masks the effect of a recessive allele.