For a retailer, there will be positive income from operations if:
A)revenues are greater than cost of goods sold.
B)revenues are greater than operating expenses.
C)gross profit is greater than operating expenses.
D)cost of goods sold is greater than operating expenses.

Question

Quizplus · Accepted Answer

Positive income from operations occurs when gross profit (revenues minus cost of goods sold) is greater than operating expenses.

For a Retailer, There Will Be Positive Income from Operations