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.

Comprehend the role of unions in community and political activities.

Identify various strategies unions may adopt to achieve their goals.

Distinguish between types of unionism based on industry, occupation, and broader social aims.

Understand the ethical frameworks related to labor relations and criticisms of union activities.

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Definitions:

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, typically for the purpose of making decisions about promotions, salary adjustments, and professional development.

Nonmanagerial Subordinates

Employees who do not have managerial responsibilities and typically report to managers or supervisors.

First-line Management

Managers at the lowest level of an organization who directly supervise and support frontline employees.

Return on Investment

A measure of the profitability of an investment, calculating the ratio of net profits to initial investment costs.