Operating income is gross profit:

A. less cost of goods sold.
B. less operating expenses.
C. plus cost of goods sold.
D. less inventory.

Question

17-07-2024
Business

Answered

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Operating income is gross profit:

A. less cost of goods sold.
B. less operating expenses.
C. plus cost of goods sold.
D. less inventory.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-17T01:51:18-04:00

Final answer:

Operating income is the excess of revenues over out-of-pocket expenses, calculated as gross profit less operating expenses.

Explanation:

Operating income is defined as the excess of revenues over out-of-pocket expenses, commonly known as gross profit. It is calculated by subtracting operating expenses from the gross profit figure. Therefore, Operating income is gross profit less operating expenses.

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