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:

Sella Turcica

A saddle-shaped depression in the sphenoid bone at the base of the human skull, housing the pituitary gland.

Sphenoid

A butterfly-shaped bone at the base of the skull that forms part of the floor and sides of the skull as well as the orbits around the eyes.

Occipital

Relating to the occiput, the back part of the skull or head.