________ is what remains when you subtract fixed and variable costs and taxes from revenues.
A. Operating profit
B. Gross profit
C. Net profit
D. Gross margin
Answer: C
You might also like to view...
Under the weighted-average method for inventory costing, the cost per unit is determined by ________.
A) dividing the cost of goods available for sale by the number of units available for sale B) dividing the cost of goods available for sale by the number of units in beginning inventory C) multiplying the number of units purchased with the weighted-average cost D) multiplying the cost of goods available for sale by the ending weighted-average cost of the previous accounting period
Negotiators who fail to set clear goals are not in a position to evaluate proposals quickly and accurately.
Answer the following statement true (T) or false (F)
Using the Macon Company data, the application of IFRS indicates:
a. no impairment loss has occurred. b. an impairment loss has occurred in the amount of $3.8 million. c. an impairment loss has occurred in the amount of $6 million. d. an impairment gain has occurred in the amount of $6 million. e. an impairment gain has occurred in the amount of $3.8 million.
Which of the following statements is (are) true with respect to financial institution bonds?
I. Fidelity coverage covers losses resulting from the dishonest acts of employees. II. Financial institutions usually insure their crime exposures through financial institutions bonds. A) I only B) II only C) both I and II D) neither I nor II c