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11thgrade

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Chapter 25: Analysis of Accounts

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  • 1. Multiple Choice
    30 seconds
    1 pt
    Gross Profit Refers to
    money remaining after all expenses are paid
    money remaining after taxes have been paid
    Sales less cost of goods sold
    None of the above
  • 2. Multiple Choice
    1 minute
    1 pt
    Net Profit or Net Loss refers to
    Gross Profit + Sales Revenue
    The sum of assets and liabilities
    Gross Profit - expenses
    None of the above
  • 3. Multiple Choice
    1 minute
    1 pt
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    What is the Gross Profit Margin for this business?
    20%
    30%
    25%
    40%
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