Which of the Following Is Subtracted from Net Sales Revenue

question 91

Multiple Choice

Which of the following is subtracted from Net sales revenue to arrive at Gross profit?

• A)Cost of sales
• B)Sales discounts and Sales returns and allowances
• C)Operating expenses
• D)Cost of goods available for sale

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Definitions:

Manufacturing Capacity

The maximum amount of products a factory can produce over a specific period, taking into account the physical space, machinery, and labor available.

Quality Rate

An indicator or metric that measures the quality of products, services, or processes, often expressed as a percentage.

Machinery

Refers to the machines or the mechanical devices that are used in manufacturing or other industrial operations.

Global Reporting Initiative

An international organization that helps businesses and governments understand and communicate their impact on issues such as climate change, human rights, and corruption.