Match each of the following terms with their correct description from the items listed below.
-Marketing and distributing costs
A)Gross Margin
B)Selling Expenses
C)Sales Revenue
D)Cost of Goods Sold
E)Operating Income

Question

Quizplus · Accepted Answer

Selling expenses include marketing and distributing costs.

Answer: A 
 Gross margin is calculated by subtracting the cost of goods sold from sales revenue.

Answer: B 
 Selling expenses include marketing and distributing costs.

Answer: D 
 Cost of goods sold is the cost of producing or acquiring the goods sold by a company.

Answer: E 
 Operating income is calculated by subtracting all operating expenses, including the cost of goods sold and selling expenses, from sales revenue.

Match Each of the Following Terms with Their Correct Description