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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A conflict (1990-1991) between Iraq and a coalition of countries led by the United States to liberate Kuwait from Iraqi annexation.

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