Gross Profit Is Calculated As

question 57

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)Total sales - Cost of sales - Interest expense.
• E)Total sales - Cost of sales - Interest expense -Taxes.

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Definitions:

Mechanical Solidarity

Social cohesion and integration that arises when individuals in a society maintain similar values, beliefs, and norms, often found in traditional, agrarian societies.

Traditional Societies

Societies that closely adhere to long-established cultural practices, norms, and values.

Shared Traditions

Cultural practices and beliefs that are common to a particular group or society and passed down through generations.

White Supremacy

An ideology or belief system that holds white people as superior to people of other racial backgrounds, often resulting in racial discrimination and prejudice.