On an income statement, gross profit is calculated by
A) subtracting the cost of goods sold from the net sales
B) subtracting the cost of goods sold from the operating expenses
C) adding the cost of goods sold to the pre-tax profit
D) adding the cost of goods sold to the total revenue
A
Business
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A __ ______ machine sends exact copies of reports, letters and graphics over telephone lines
Fill in the blank(s) with the appropriate word(s).
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A group of components that interact to achieve some purpose is referred to as a(n) ________
A) system B) element C) unit D) entity
Business