A merchandiser will have profit from operations of exactly $0 when
A)net sales equals cost of goods sold.
B)cost of goods sold equals gross profit.
C)operating expenses equal net sales.
D)gross profit equals operating expenses.

Question

Quizplus · Accepted Answer

Gross profit equals operating expenses when profit from operations is exactly $0, as operating profit is calculated by subtracting operating expenses from gross profit.

A Merchandiser Will Have Profit from Operations of Exactly $0