The formula used to calculate the operating income is ________

A) operating income = sales revenues + cost of goods
B) operating income = sales revenues - cost of goods - SGA expenses - other operating expenses
C) operating income = cost of goods + SGA expenses + other operating expenses
D) operating income = sales revenues - SGA expanses
E) operating income = sales revenues + cost of goods + SGA expenses + other operating expenses

B

Business

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Which of the following is a default?

A) repaying a debt before it is due B) bankruptcy of the debtor C) increase of rate of interest by the creditor midway through debt repayment D) theft of the collateral

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Which of the following statements is true about malpractice actions?

A) They are no longer permitted under the Restatement (Third) of Torts. B) They generally apply the strict liability standard. C) The number of malpractice actions against professionals is rising at a rapid rate. D) The number of malpractice actions against manufacturers is rising at a rapid rate.

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