A Company Has a Gross Margin Ratio of 40

question 26

Multiple Choice

A company has a gross margin ratio of 40%.Cost of Goods Sold equals $360,000.Its selling,general and administrative expenses total $87,500.Its sales for the period equals

• A)$240,000.
• B)$87,500.
• C)$152,500.
• D)$360,000.
• E)$600,000.

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Definitions:

Cognitive Perspective

A psychological approach that focuses on how people perceive, think about, and understand the world around them.

Feminist Psychology

A branch of psychology that analyzes the influence of gender inequalities on mental health and behavior.

Social Inequities

Disparities in resources, opportunities, and treatment between groups of people based on characteristics like race, gender, or socioeconomic status.

Gender Relations

The ways in which societies shape interactions and expectations based on gender, influencing roles, responsibilities, and power dynamics.