Funds left over after deducting the cost of goods sold are referred to as the net profit.
Answer the following statement true (T) or false (F)
False
Net profit is what is left after deducting the operating expenses of the business.
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Oregon, Inc reported net income of $105,000 . During the current year, the company had 5,000 shares of $100 par, 5% preferred stock and 10,000 of $5 par common stock outstanding. Oregon's earnings per share is
a. $8.00 b. $18.00 c. $5.08 d. $5.00
One of the eight primary marketing-related reasons for new-product failure is ________.
A. product was marketed as a new product but it did not meet the legal definition of new B. a competitor with a similar product withdrew from the market C. too socially controversial D. the product is too innovative E. poor product quality
When a retail tire store buys a tire wholesaler this is an example of horizontal integration.
Answer the following statement true (T) or false (F)
If goods delivered to a buyer are intended to be resold to consumers, the transaction is considered to be a sale on approval
Indicate whether the statement is true or false