The revenue is $10,000,the cost of goods sold is $2,000,the selling,general and administrative expenses are $3,000,and depreciation is $1,000.What is the EBIT?

Question

Quizplus · Accepted Answer

EBIT = Revenue - Cost of goods sold - Selling, general and administrative expenses - Depreciation
EBIT = $10,000 - $2,000 - $3,000 - $1,000
EBIT = $4,000
Therefore, the correct answer is D) $4,000.

The Revenue Is $10,000,the Cost of Goods Sold Is $2,000,the