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Author Question: What is the term applied to the excess of net revenue from sales over the cost of merchandise sold? ... (Read 67 times)

Alygatorr01285

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on: Jul 5, 2018
What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?
 a. gross profit
  b. income from operations
  c. net income
  d. gross sales

Question 2

Accounts receivable represents ________.
 
  A) amounts owed by the company to suppliers
  B) amounts owed to the company by customers
  C) revenue
  D) shareholders' equity


meow1234

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

B


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