Gross margin is defined as gross profit:
A) minus total operating expenses.
B) divided by net sales revenues.
C) divided by cost of sales.
D) minus net income.
B
You might also like to view...
Which of the following statements is TRUE of process costing?
A) It uses one Work-in-Process Inventory account. B) It tracks and assigns both period costs and product costs to units produced. C) It accumulates product costs by production departments. D) It assigns manufacturing overhead costs to products only in the last production process.
Sales less variable cost of goods sold is referred to as ________________________________________
Fill in the blank(s) with correct word
The point of indifference between two cities or communities can be studied _____
a. based on economic base characteristics b. using the index of retail saturation c. using census data d. based on the buying power index
Hometown Shops Retail Company has assets of less than $10 million and fewer than five hundred shareholders. Interstate Outlets, Inc., has assets of more than $10 million and more than five hundred shareholders. The Securities Exchange Act of 1934 applies to
A. Hometown Shops and Interstate Outlets. B. Hometown Shops only. C. Interstate Outlets only. D. neither Hometown Shops nor Interstate Outlets.