If your gross profit is greater than your total operating expenses, your income statement will show net ______.

Answers

Answer 1

Answer: The answer is net loss.

Net loss is the amount by which the total cost and expenses exceeds the total revenue in an accounting period.

Net loss also called loss, refers to a company's financial position when total expenses exceed total revenues. In other words, net loss is the amount of money the company lost during the period. This is the negative amount of cash that is left over after all the expenses have been paid during the period. If the total revenues were greater than total expenses, the company would have net income instead of net loss. Net loss is calculated by subtracting total expenses from total revenues.

Answer 2

Answer: Gross profit is a company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement or can be calculated with this formula

Related Questions

Fizzy is an American firm that manufactures carbonated soft drinks. Fizzy executives want to enter the global market, and they are considering the idea of a joint venture with a beverage company located overseas. After conducting research on different beverage firms, Fizzy executives selected a large beverage manufacturer located in China. Kevin Burns and three other top-level executives at Fizzy have been assigned to the negotiating team. The team has flown to China to negotiate the details of the joint venture. Which of the following best supports Kevin's argument that he should be the primary negotiator?A)Fizzy executives hope to have other business deals with the Chinese firm in the future.B)Fizzy executives want to demonstrate their aggressiveness and present factual appeals.C)Fizzy executives want to ensure compliance with the ringi system at the Chinese firm.D)Fizzy executives are not certain as to who has decision-making authority at the Chinese firm.
During the recession of 2007-2009, despite falling income levels, the fast-food chain Subway experienced increased sales. The increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered
Differentiate between the substitutes and complement products and give examples for each
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If rosa expects interest rates to fall for the next 10 years she should invest her money in a. one year CD b. money market account c. 10 year bonds d.treasury bills

Last week Paul, CEO of Quality Furniture in South Carolina, traveled to Europe to visit customers. While overseas, Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Friday morning, Paul was able to return to the corporate office in South Carolina to meet with his board of directors that night. ________ is the "shrinking" of time and space with air travel and electronic media.

Answers

Answer:

the global village

Explanation:

Global village is a term used to describe how communication between parties that are far apart is done as a result of interconnectivity and advanced media technology.

An individual does not need to travel from New York for example for a meeting, rather meetings can now be done online.

In this scenario Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly.

He was able to work with his office and the customers he visited through the use of media.

This shrinking of time and space by use of media is referred to as the global village.

How much of a person's income should go to charities?

Answers

It's an opinion question, what do you think?

2. When calculating the power bill, power companies use _____. (1 point) a.Kilowatts
b.Kilowatt hours
c.Hours
d.Average usage

Answers

When the power company calculates your power bill, they use Kilowatt hours which are also known as KWh. Your total cost would be the amount of each KWh multiplied by how many you have used during the billing period. So for example if each KWh costs 10 cents, and you used a total of 500, your total cost for that period would be $50.

Answer:

b.Kilowatt hours

Explanation:

Gerardo believes that every time he picks up a penny he is blessed with good fortune, since the last time he picked up a penny he had a lottery win, and the time before that he got a big bonus at work. Gerardo's perception is likely a product of a(n) ________.A) self-serving bias
B) high-positive affect
C) emotional dimensions
D) affect intensity
E) illusory correlation

Answers

Answer:

E) illusory correlation

Explanation:

An illusory correlation happens when someone mistakenly believes that the occurrence of one event will result in the occurrence of other unrelated events.

Psychologically every single one of us tends to create a relationship between unrelated events, but some simply go one step ahead and deeply believe in a strict cause-effect relationship.

For example, a lot of people tend to create a relationship between very beautiful women and not being smart. While being pretty has nothing to do with being intelligent. I've met beautiful women that are extremely smart and very capable at work, while other not beautiful women are simply the opposite.

Answer:

The correct answer is letter "E": illusory correlation.

Explanation:

Illusory correlations are thoughts that relate events to certain causes that actually do not have anything to do with each other. These are subjective beliefs people tend to create based on ideas widely spread in their surrounding environment or to attribute a reason for facts they do not know how to explain.

Fiona deposits $2000 into a savings account. if the FeD requires a 20% reserve ratio, how much money can the bank lend? a) $400
b) $1600
c) $2000
d) $1200

Answers

The correct answer is b)1600

You woulde have to subtract 2000 dollars from %20 that wouldve gave you 400$

How the workplace changing and why it is important to understand workplace trends?

Answers

The environment and the workplace are changing due to the development of disruptive technologies that have transformed the relations of production and labor into a phenomenon called globalization. After globalization, companies started to produce in territories where labor is cheaper, opening new jobs, new markets for products and new forms of demand, such as online shopping. Understanding all this change is a complex task, but it is important for workers to understand the trends of the globalized world and to prepare to achieve the desired jobs.

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