How is income from operations determined?
a. By subtracting the cost of goods sold from sales
b. By subtracting the total operating expenses from sales
c. By subtracting the total operating expenses from gross profit
d. By subtracting selling expenses from operating revenues
c
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Economic regulations aim at modifying the normal operations of the free market and the forces of supply and demand.
Answer the following statement true (T) or false (F)
Prinkle Corporation purchased equipment for $60,000 on January 1, 2016. On December 31, 2018, the equipment was sold for $28,000. Accumulated Depreciation as of December 31, 2018 was $31,000
Calculate gain or loss on the sale. A) $1,000 gain B) $1,000 loss C) $31,000 loss D) no gain no loss
Which of the following statements is CORRECT?
A. The factors that affect a firm's business risk are affected by industry characteristics and economic conditions. Unfortunately, these factors are generally beyond the control of the firm's management. B. One of the benefits to a firm of being at or near its target capital structure is that this eliminates any risk of bankruptcy. C. A firm's financial risk can be minimized by diversification. D. The amount of debt in its capital structure can under no circumstances affect a company's business risk. E. A firm's business risk is determined solely by the financial characteristics of its industry.
Compared to the United State, the European Union has:
a. very strict data privacy rules b. not very strict data privacy rules c. no data privacy rules d. data privacy rules that apply only to employers, but not employees e. none of the other choices are correct