Question

If your company were to have a cost of goods sold expense lower than the sales revenue during the month of December, what would your result be for the month?

Net loss
Net income
Expenses > revenue
Net profit​

Answer 1

Step-by-step explanation:

If the cost of goods sold expense for a company is lower than the sales revenue during the month of December, then the company would have a positive result or a profit for the month. This means that the company's revenue from sales was greater than the cost of the goods that were sold, leading to a surplus. The profit would be calculated by subtracting the cost of goods sold from the sales revenue. The company's ability to generate a profit is a positive indicator of its financial health and can provide funds for growth and expansion