A Company Has a Gross Margin Ratio of 45% on Net

question 38

Multiple Choice

A company has a gross margin ratio of 45% on net sales of $850,000.Its selling,general and administrative expenses total $212,500.Its cost of goods sold for the period equals:

• A)$382,500.
• B)$467,500.
• C)$170,000.
• D)$212,000.
• E)$76,500.

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Definitions:

Fixed-Ratio Schedule

A reinforcement schedule in operant conditioning where a response is reinforced only after a specified number of responses have occurred.

Intensive Study

An in-depth investigation or analysis concentrated on a specific subject or phenomenon over a limited period.

Single Subject

Research design typically used in the fields of psychology and education to measure the response of an individual to an intervention.

Shaping

A method of teaching new behaviors by reinforcing successive approximations toward the desired behavior.