A Company Has Net Sales of $825,000 and Cost of Goods

question 54

Multiple Choice

A company has net sales of $825,000 and cost of goods sold of $547,000.Its net income is $98,500.The company's gross margin and operating expenses,respectively,are:

• A)$209,000 and $191,470
• B)$278,000 and $179,500
• C)$278,000 and $98,500
• D)$179,500 and $98,500
• E)$645,500 and $179,500

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Definitions:

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The underlying drive or desire of an individual to achieve influence or control over others, often analyzed in personality and motivational psychology.

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A hormone found in humans, as well as in other animals, which is predominantly associated with male sex characteristics but is present and crucial in both males and females.

Percentage of Variance

A statistical measure that indicates the proportion of the total variance in a dataset that is attributed to a particular variable or factor.

Restriction of Range

A statistical issue where the variance of a variable is limited, potentially affecting the results or conclusions of research.