Which of the Following Is Subtracted from Gross Profit to Arrive

question 165

Multiple Choice

Which of the following is subtracted from Gross profit to arrive at Operating income?

• 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:

Prospect Pool

A group of potential customers or clients identified as likely to be interested in a company's products or services.

Orphans

In sales, accounts that have lost their representatives and require reassignment or special attention to maintain the relationship.

Observation

The action or process of closely monitoring or noticing something or someone, often used in marketing research to gather data on consumer behavior.

Garden Maintenance

The practice of keeping a garden clean, safe, and attractive through regular care, such as weeding, pruning, fertilizing, and controlling pests.