The Difference Between Total Sales in Dollars and Total Variable

question 116

Multiple Choice

The difference between total sales in dollars and total variable expenses is called:

• A) the net operating income.
• B) the net profit.
• C) the gross margin.
• D) the contribution margin.

---

Definitions:

Certificate Of Investment

A financial document representing a deposit with a specified interest rate and maturity date, often issued by banks.

Bond

A contract between a borrower and a lender, in which the borrower agrees to pay the loan at some time in the future. Some bonds also make regular, constant payments once or twice a year.

Annual Interest Rate

The percentage increase in money owed per year, including the effect of compounding.

Annual Interest Rate

The percentage of a sum of money charged for its use over a year.