The formula for gross profit is:
A) Cost of goods sold minus revenue = gross profit
B) Net profit + cost of goods sold = gross profit
C) Revenue minus cost of goods sold = gross profit
D) Net profit + insurance = gross profit
Correct Answer:
Verified
Q3: What or who is a stakeholder?
A)A group
Q4: A net profit can sometimes be referred
Q5: The formula for the 'quick' financial ratio
Q6: What does inventory turnover measure?
A)How many days
Q7: For the entrepreneur,what is 'capital'?
A)The amount invested
Q9: The formula for owners' equity is:
A)assets minus
Q10: The term 'current assets' includes:
A)cash and accounts
Q11: What is a break-even analysis?
A)The method of
Q12: If an entrepreneur is doing regression analysis,they
Q13: Is a bank loan considered to be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents