Ask Question
21 May, 02:11

Net income plus operating expenses is equal to a. sales b. gross profit c. cost of goods sold d. cost of merchandise

+4
Answers (1)
  1. 21 May, 02:36
    0
    b. gross profit

    Explanation:

    As we know that

    Net income = Gross profit - operating expenses

    where,

    Gross profit = Sales - the cost of goods sold

    And, The operating expense deals with the day to day business activities like commission on sales, payroll, etc

    So, the gross profit equals to

    Gross profit = Net income + operating expenses

    Therefore, the option b is correct
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Net income plus operating expenses is equal to a. sales b. gross profit c. cost of goods sold d. cost of merchandise ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers