The difference between a company's revenue and expenses is called: a) Net income b) Gross profit c) Net loss d) Operating expenses>>
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- Revenue: The total income generated by a company from its business activities. - Expenses: The costs incurred by a company to generate revenue. Show more…
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QUESTION 11 Which type of account is gross profit? a. An income account b. An expense account c. An asset account d. None of the above - not an account QUESTION 12 Which of the following would NOT be considered an operating expense? a. Rent expense b. Utilities expense c. Interest expense d. Depreciation expense
Sri K.
A company reported a gross profit of $20 million in 2018. In addition, it recorded the following activities: Sales and marketing expenses were $5 million. Interest income was $2 million. It sold equipment for $5 million that had a net book value of $9 million. There was $3 million in preferred stock issuance. The company's tax rate is 40%. Calculate the company's net income. A. $5.4 million B. $6.0 million C. $6.8 million D. $7.2 million E. $7.8 million
Akash M.
The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore Select one: a. the corporation's gross profit margin is greater than 20%. b. the corporation's net profit margin is greater than 20%. c. ) the corporation's gross profit margin is equal to 20% because gross profit is not affected by operating expenses or financing costs d. the corporation's gross profit margin is less than 20%.
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