Which of the following is the difference between revenues and the cost of revenues?

Question

Quizplus · Accepted Answer

Gross profit is the difference between revenues and the cost of revenues. Revenues are the income earned from the sale of goods or services, while the cost of revenues is the direct cost of producing those goods or services, such as the cost of materials, labor, or shipping. Gross profit reflects the profitability of a company's operations before accounting for indirect expenses such as overhead, taxes, interest, and depreciation.

Which of the Following Is the Difference Between Revenues and the Cost