Multiple Choice
When a firm subtracts its cost of sales from its net sales, the amount left over is called:
A) gross margin.
B) return on assets.
C) net profit.
D) expenses.
E) gross sales.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: SALES & MARKETING MANAGEMENT'S "Buying Power Index"
Q10: Regarding operating statements:<br>A) gross sales are the
Q11: "Expenses" (on an operating statement) usually include
Q12: Based on the information in Table B-1,
Q13: Which of the following would NOT be
Q15: A good marketing manager knows that:<br>A) market
Q16: Regarding sales forecasting:<br>A) marketing managers usually develop
Q17: Monthly operating statements might be used to
Q18: A retailer has estimated that her store
Q19: Based on the information in Table B-2,