Describe the difference between gross profit and income

 Describe the difference between gross profit and income

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ACC 240 Topic 4 DQ 1

Describe the difference between gross profit and income from operations. Why would a company be concerned with gross profit rather than just overall income from operations?

ACC 240 Topic 4 DQ 2

Explain what is meant by the term “sustainable income.” Why is it important to distinguish between sustainable income and actual net income? Is one more important than the other? Please explain.

 

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