Which of the Following "Formulas" Is Incorrect

question 39

Multiple Choice

Which of the following "formulas" is incorrect?

• A) Gross profit - operating expenses = income before income tax.
• B) Net sales - cost of goods sold = gross profit.
• C) Net sales - gross profit = cost of goods sold.
• D) Operating expenses - cost of goods sold = gross profit.

Identify factors that influence persuadability and the effectiveness of messages.

Grasp the concept of the need for cognition and its impact on critical and analytical thinking.

Understand how mood affects persuasion and message reception.

Comprehend how fear and positive emotions can be effectively used in persuasion.

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Definitions:

Purchased Goodwill

The premium paid over the fair value of identifiable net assets during the acquisition of a company, reflecting intangible assets like brand reputation or customer loyalty.

Net Income

The total profit of a company after all expenses, including taxes, interest, and operating costs, have been deducted from total revenue.

Dividends

Payments made by a corporation to its shareholders, typically from profits, as a distribution of earnings.

Equity Method

An accounting technique used to record investments in other companies, recognizing income proportional to the ownership percentage.