88 multiple choice\nyolanda did $20,000 worth of sales in quarter 4 and had a cogs of $5,000. she paid…

88 multiple choice\nyolanda did $20,000 worth of sales in quarter 4 and had a cogs of $5,000. she paid $2,000 in taxes and was left with $13,000. what is $13,000 considered?\na operational income\nb overall revenue\nc net profit\nd net income

88 multiple choice\nyolanda did $20,000 worth of sales in quarter 4 and had a cogs of $5,000. she paid $2,000 in taxes and was left with $13,000. what is $13,000 considered?\na operational income\nb overall revenue\nc net profit\nd net income

Answer

Brief Explanations:

  • Operational income: Calculated as sales minus COGS and operating expenses (not mentioned here, so not relevant).
  • Overall revenue: Just the sales amount ($20,000), not $13,000.
  • Net profit: Usually before - tax (sales - COGS - other expenses, but here tax is paid).
  • Net income: It is the amount left after paying all expenses including taxes. Here, after sales ($20,000), COGS ($5,000) and taxes ($2,000), the remaining $13,000 is net income.

Answer:

D. net income