Question
The gross Profit minus operating expenses or SG&A, including depreciation and amortization is called ____. a. Net Income b. EBIT c. Operating Profit d. Both
The gross Profit minus operating expenses or SG&A, including depreciation and amortization is called ____.
| a. | Net Income |
| b. | EBIT |
| c. | Operating Profit |
| d. | Both (b) and (c) |
Company ABA bought a truck in the fiscal year 2019. The purchase price was $36000, and the estimated life of the truck is 11 years. Calculate the depreciation each year under straight line method.
a. $3600
b. $2500
c. $3000
d. $3273
Which of the following is the terminology used for Cost of Goods Sold?
| a. | Cost of services |
| b. | Cost of revenue / sales |
| c. | Both (a) and (b) |
| d. | None of the above |
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