If an Organization Wants to Make a Profit,it Must Generate

question 127

Multiple Choice

If an organization wants to make a profit,it must generate more sales revenue than the total costs it incurs.This relation can be expressed using which of the following profit equations?

• A)Operating income = [Sales price per unit - Variable cost per unit x # units sold] - Fixed cost
• B)Operating income = [Sales price per unit - Fixed cost per unit x # units produced] - Variable cost
• C)Operating income = Sales revenue - Total variable costs - Discretionary costs
• D)Operating income = Sales revenue - Committed costs - Fixed costs

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