Brimmel Corp

question 46

Multiple Choice

Brimmel Corp.has provided the following information: Sales were $780,000;
Cost of goods sold was $429,000;
Net income was $195,000.
What was Brimmel's gross profit percentage?

• A)55%
• B)45%
• C)62%
• D)222%

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Definitions:

Relational Database Management System

A database management system that is based on the relational model, where data is stored in tables and the relationship between data is also maintained in tables.

OLTP

Online Transaction Processing (OLTP) refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing.

Intellectual Capital

The intangible value of a business, covering its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), which include the company's images, processes, data, patents, copyrights, and other intellectual property.

Knowledge

Information, understanding, or skills gained through experience or education; the theoretical or practical understanding of a subject.