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:

Joint Process

A production process in which two or more products are generated simultaneously from the same raw materials or input.

Vertical Integration

The involvement by a company in more than one of the activities in the entire value chain from development through production, distribution, sales, and after-sales service.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Supplier

A supplier is a person or company that provides goods or services to another entity, typically involved in the supply chain.