Answer the following statements true (T) or false (F)
1. To calculate net profit margin you subtract the company's total expenses from the total amount of sales.
2. Income can include a variety of other items of value that you receive in exchange for the services that you provide.
3. Net profit is the percentage of profit you generate for each dollar of sales.
4. Fixed expenses are those expenses directly related to the daily transactions of the company.
5. The costs or financial outlay involved in doing business are called expenses.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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Answer the following statement true (T) or false (F)
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