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:

Dollar Sales Volume

The total monetary value of sales within a specific period, often used to measure business performance.

New Accounts

Refers to the establishment of new business relationships or accounts, often in a financial context, but can also mean gaining new clients or customers in various industries.

Behavioral Measures

Quantitative data collected about the actions and responses of individuals or groups.

Product Knowledge

An understanding of a product's features, benefits, and use, crucial for effective sales and marketing strategies.