Which of the following equations correctly describes how to calculate net income?
a. net income = (cost of goods sold) - (net sales) - (operating expenses)
b. net income = (operating expenses) - (cost of goods sold) - (net sales)
C. net income = (operating expenses) + (cost of goods sold) - (net sales)
d. net income = (net sales) - (cost of goods sold) - (operating expenses)

Question

03-02-2021
Mathematics

Answered

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Which of the following equations correctly describes how to calculate net income?
a. net income = (cost of goods sold) - (net sales) - (operating expenses)
b. net income = (operating expenses) - (cost of goods sold) - (net sales)
C. net income = (operating expenses) + (cost of goods sold) - (net sales)
d. net income = (net sales) - (cost of goods sold) - (operating expenses)

Sagot :

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