If Moon Corporation's Gross Margin Declined,which of the Following Is

question 85

Multiple Choice

If Moon Corporation's gross margin declined,which of the following is TRUE?

• A)Its cost of goods sold increased.
• B)Its cost of goods sold as a percent of sales increased.
• C)Its sales increased.
• D)Its net profit margin was unaffected by the decline.

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Definitions:

Labour Used

Refers to the total amount of work done or number of hours worked by employees in a specific period.

Materials Used

The raw inputs consumed in the production of goods.

Time And Material Pricing

A pricing method that charges the customer based on the actual time spent and materials used on a project.

Labour Charge

The amount paid for the work performed by employees or workers, typically based on hours worked or tasks completed.