Which of the following refers to funds left over after deducting the cost of goods sold?
A)Profit before taxes
B)Gross profit
C)Net profit
D)Rate of profit

Question

Quizplus · Accepted Answer

Gross profit refers to the funds left over after deducting the cost of goods sold. It does not include overhead expenses or taxes, but it is a useful measure of a company's profitability from its core operations. Profit before taxes and net profit are both measures of overall profitability, but they include additional expenses such as interest and taxes. Rate of profit is not a commonly used term in accounting or finance.

Which of the Following Refers to Funds Left Over After