When a Firm Subtracts Its Cost of Sales from Its

question 14

Multiple Choice

When a firm subtracts its cost of sales from its net sales, the amount left over is called:

• A) gross margin.
• B) return on assets.
• C) net profit.
• D) expenses.
• E) gross sales.

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Definitions:

Dodge Owner's Demand

Dodge Owner's Demand likely refers to the market demand for Dodge vehicles by existing or potential Dodge owners.

Buick Owner's Demand

The specific demand characteristics and preferences of individuals who own or are interested in purchasing Buick vehicles.

Gasoline

A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.

Gas Pump

A machine at a gas station that dispenses liquid fuel such as gasoline or diesel into the tank of a vehicle.