Which of the Following Is Added to Operating Income to Arrive

question 17

Multiple Choice

Which of the following is added to operating income to arrive at net income?

• A)sales revenue
• B)cost of goods sold
• C)interest revenue
• D)operating expenses

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Definitions:

Market Prices

The current value at which goods and services are bought and sold in the market, determined by supply and demand forces.

Economic Well-being

A broad measure of prosperity among individuals or nations, incorporating income, employment, and access to resources and services conducive to a high quality of life.

Market Economy

An economic system where supply and demand from consumers and businesses dictate the production and pricing of goods and services.

Supply and Demand

Fundamental economic model based on the idea that the price and quantity of a good or service is determined by the availability (supply) and desire (demand) of that good or service.