QUESTION IMAGE
Question
a company’s ______ tells you how much money the company has left over after subtracting all expenses.
a. net profit
b. gross profit
c. revenue
d. cost of goods sold
Response
before expenses, and cost of goods sold is the direct cost of producing goods, so only net profit matches the description.
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before expenses, and cost of goods sold is the direct cost of producing goods, so only net profit matches the description.