A company has a gross margin ratio of 40%. Cost of Goods Sold equals $360,000. Its selling, general and administrative expenses total $87,500. Its sales for the period equals
A. $87,500.
B. $240,000.
C. $152,500.
D. $600,000.
E. $360,000.
Answer: D
You might also like to view...
The Clayton Act prohibits tie-in sales and exclusive agreements if they ________.
A. substantially lessen competition. B. encourage price discrimination. C. promote sexual harassment. D. removes the employer's ability to terminate-at-will without justification. E. allow some customers to receive price reductions while others do not.
Although public relations education isn't generally integrated into most business schools, your author believes that it should be
Indicate whether the statement is true or false
The specific identification inventory method should be used when the inventory consists of identical, low cost units that are purchased and sold frequently
Indicate whether the statement is true or false
Employee satisfaction typically has little impact on customer satisfaction
Indicate whether the statement is true or false