If Net Sales Is $8,000,Cost of Goods Sold Is $3,000,Gross

question 18

Multiple Choice

If Net Sales is $8,000,Cost of Goods Sold is $3,000,Gross Profit is $5,000 and Operating Expenses are $1,000,what is the Net Income from Operations?

• A)$2,000
• B)$4,000
• C)$1,000
• D)$3,000

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Definitions:

United Nations Convention

A formal agreement or treaty developed and adopted by member states of the United Nations on various global issues.

Proposal

A formal offer or plan put forward for consideration or discussion by others.

Obligations

Duties or commitments imposed by law, contract, or one's conscience.

Governmental Contracts

Legal agreements between government entities and private parties or other government agencies, primarily for the procurement of goods, services, or construction.