The Formula, Operating Profit/Sales, Is Used to Calculate

question 4

Multiple Choice

The formula, Operating profit/Sales, is used to calculate

• A) Gross profit percentage
• B) Net profit percentage
• C) Comprehensive income percentage
• D) Operating profit percentage

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Definitions:

Taxed

Imposed financial charges by a government on income, goods, or activities for public funding.

Separate Entity

A principle acknowledging that a business has its own legal identity, distinct from its owners or members, allowing it to own property, incur debts, and enter into contracts independently.

UPA

Uniform Partnership Act, a standardized set of laws intended to regulate the operation of partnerships within the United States.

Tenant In Partnership

A member of a partnership who has rights to use property owned by the partnership.