On a Firm's Income Statement, Net Sales Consists of ________

question 62

Multiple Choice

On a firm's income statement, net sales consists of ________.

• A) operating expenses minus cost of sales
• B) total sales minus allowances for returned goods and discounts
• C) cost of sales minus allowances for returned goods and discounts
• D) cost of sales minus operating expenses
• E) total sales minus operating expenses

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Definitions:

Discrimination

The unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Talent Pool

A group of skilled individuals from which organizations can draw when filling vacant positions.

Inbreeding

In a business context, the practice of hiring or promoting from within the organization, potentially limiting diversity and external ideas.

Cost-Per-Hire

The total expense incurred by an organization to recruit and onboard a new employee, including advertising, interviewing, and training costs.