Gross Profit Is Calculated as ________

question 49

Multiple Choice

Gross profit is calculated as ________.

• A) total sales - cost of sales - selling, general, and administrative expenses - depreciation and amortization
• B) total sales - cost of sales - selling, general, and administrative expenses
• C) total sales - cost of sales
• D) none of the above

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Definitions:

Acceptance

The act of receiving or consenting to something proposed or presented.

Exclusion

The act of not including or barring someone or something from participation or consideration.

Statistical Analyses

involve the collection, presentation, and interpretation of data to discover patterns and trends.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting one's needs, desires, or expectations.