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:

Web Address

The unique string of characters that identifies a specific resource on the internet, such as a website's URL.

File Transfer Protocol (FTP)

A standard network protocol used to transfer files from one host to another over a TCP-based network, such as the Internet.

Hypertext Transfer Protocol (HTTP)

The protocol that allows files to be transferred from a web server so that you can see them on your computer by using a browser.

Uniform Resource Locator (URL)

A website’s unique address; an example is microsoft.com.