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Select the correct equation of the following graph.
Gross Profit
The distinction between the income from sales and the expense of goods sold prior to subtracting costs for overheads, wages, taxes, and interest.
Cost of Goods Sold
This is an accounting term that refers to the direct costs attributable to the production of the goods sold by a company.
Income from Operations
Revenue from a company's everyday business activities minus the costs and expenses associated with those operations.
Operating Expenses
Costs associated with the day-to-day operations of a business, including rent, utilities, salaries, and office supplies, but excluding cost of goods sold and capital expenditures.
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