The Difference Between Your Sales and Your Cost of Goods

question 147

Multiple Choice

The difference between your sales and your cost of goods sold is known as your _____.

• A)net profit
• B)cost of doing business
• C)owner's equity
• D)gross profit or gross margin

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Definitions:

Capillaries

Small blood vessels that facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and surrounding tissues.

Splenic Vein

A blood vessel that drains blood from the spleen, pancreatic veins, and the short gastric veins, and empties into the portal vein.

Hepatic Portal Vein

The hepatic portal vein is a blood vessel that carries nutrient-rich blood from the gastrointestinal tract and spleen to the liver for filtering and processing.

Superior Mesenteric Vein

A major vein draining blood from the small intestine, ascending colon, and part of the transverse colon.