FOOD QUALITY AND SAFETY
QUALITY CONTROL IN FOOD PROCESSING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Gross profit is the profit a business makes after subtracting all the costs that are related to manufacturing and selling its products or services. You can calculate gross profit by deducting the cost of goods sold (COGS) from your total sales.
Detailed explanation-2: -Gross profit is the profit a company makes after deducting the costs of making and selling its products, or the costs of providing its services. Return on revenue is a measure of a corporation’s profitability that compares net income to revenue.
Detailed explanation-3: -COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin.
Detailed explanation-4: -Cash Discounts. A discount given by a seller to the buyer as a deduction in the list price of the commodity is a trade discount. A reduction in the amount of invoice allowed by the seller to the buyer in return for immediate payment is a cash discount.