ABC Company Had $100,000 in Net Sales,$45,000 in Cost of Merchandise

question 139

Multiple Choice

ABC Company had $100,000 in net sales,$45,000 in cost of merchandise sold,$60,000 in operating expenses,and $10,000 in other income.What is ABC Company's gross profit?

• A)$55,000
• B)$40,000
• C)$90,000
• D)$145,000

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Definitions:

Natural Selection

A process by which species adapt to their environment as individuals with beneficial traits survive and reproduce more successfully than others.

Behaviourism

A theory of learning based on the idea that all behaviors are acquired through conditioning, initiated by interactions with the environment.

John Watson

An American psychologist often cited as one of the founders of behaviorism, emphasizing the importance of observable behaviors over internal phenomena like thoughts and feelings.

Conscious Experience

The subjective awareness of one's thoughts, feelings, and environment, often contrasted with unconscious processes.