The Price Paid for the Use of Money Is Called

question 34

Multiple Choice

The price paid for the use of money is called

• A) commission.
• B) royalty.
• C) interest.
• D) rent.

---

Definitions:

Net Income

Net income is the profit a company has left over after all its expenses, taxes, and costs have been subtracted from total revenue.

Net Sales

The remaining revenue from sales after removing expenses related to returns, provisions for defective or unaccounted-for goods, and concessions.

Return on Total Assets

Return on total assets (ROTA) is a financial ratio that measures the profitability of a company in relation to its total assets.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenues.