« previous next »

Author Question: On a firm's income statement, net sales consists of ________. A) operating expenses minus cost of ... (Read 76 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jul 6, 2018
On a firm's income statement, net sales consists of ________.
 
  A) operating expenses minus cost of sales
  B) total sales minus allowances for returned goods and discounts
  C) cost of sales minus allowances for returned goods and discounts
  D) cost of sales minus operating expenses
  E) total sales minus operating expenses

Question 2

Value-driven businesses focus on minimizing costs wherever possible.
 
  Indicate whether the statement is true or false


asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Heme consists of a complex organic ring structure, protoporphyrin Heme consists of a complex organic ring structure, protoporphyrin
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Percentage of higher-income Canadian households Percentage of higher-income Canadian households
Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t
Video: Role of complement proteins

For a complete list of videos, visit our video library