Net Income Is Calculated As

question 98

Multiple Choice

Net income is calculated as:

• A)Net sales + costs - operating expenses
• B)Net sales - costs - operating expenses
• C)Net sales + costs + operating expenses
• D)Net sales - costs + operating expenses
• E)None of these

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Definitions:

Intelligence

The ability to acquire and apply knowledge and skills.

Microprocessor

A central processing unit manufactured on a single integrated-circuit chip (or several chips) by utilizing large-scale integration technology.

Network Switch

A networking device that connects devices together on a computer network, using packet switching to receive, process, and forward data to the destination device.

Hub

A common connection point for devices in a network, which is used to connect segments of a LAN and manage data traffic.