Which of the Following Is Subtracted from Net Sales Revenue

question 122

Multiple Choice

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

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

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Definitions:

Nativists

Philosophers or scientists who argue that certain skills or abilities are "native" or hard-wired into the brain at birth, contrasting with those who believe in the primacy of the environment (empiricists).

Cognitive Abilities

Refer to the mental skills that enable learning, problem-solving, memory, and attention.

Prewired Abilities

Innate capacities or functions that are present and operational at birth.

Dishabituation

The revival of attention to a stimulus following the presentation of a new or different stimulus, after habituation has occurred.