A company has net sales of $834,000 and cost of goods sold of $553,000. Its net income is $99,600. The company's gross margin and operating expenses, respectively, are:
A. $281,000 and $371,800
B. $181,400 and $99,600
C. $281,000 and $181,400
D. $652,600 and $181,400
E. $281,000 and $99,600
Answer: C
You might also like to view...
Elaborate statistical analysis, in the form of ____________, is sometimes used to aid decisions on where to locate supermarkets and similar large stores relative to prospective customers' homes and workplaces
a. binary regression b. cluster analysis c. structural equation models d. gravity models e. predictive models
Because the ________ Act (enacted in 1890 ) was aimed at monopolies that called themselves trusts, it was called a(n) ________ statute
A) Clayton; antitrust B) Clayton; fiduciary C) Sherman; antitrust D) Sherman; fiduciary
Whitewater Canyon Adventures, Inc, and Xtra Overstock Company enter into an oral contract for Xtra's sale to Whitewater of five rafts for $2,000 each. Before Whitewater takes posses¬sion of the rafts, this contract is enforceable by
a. Xtra only. b. Whitewater only. c. any interested third party, such as a Whitewatertour guide. d. none of the choices.
Refer to Table 5.1. The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________
A) £1.4484/$; $0.6904/£ B) $1.4481/£; £0.6906/$ C) $1.4484/£; £0.6904/$ D) £1.4487/$; $0.6903/£