Examlex
Which fact is TRUE?
Gross Margin
The difference between sales revenue and the cost of goods sold, which represents the profitability of selling goods.
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.
Traditional Format
An accounting income statement format that categorizes costs by their function, such as cost of goods sold, operating expenses, and other expenses.
Fixed Cost
Costs that remain constant in total regardless of changes in the level of production or sales activity.
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