A Company Has Net Sales of $1,832,000,sales Commissions of $194,000,net

question 148

Multiple Choice

A company has net sales of $1,832,000,sales commissions of $194,000,net income of $366,400,and the gross profit ratio of 60%.What is the amount of cost of goods sold?

• A)$ 538,800
• B)$ 732,800
• C)$ 655,200
• D)$ 879,360
• E)$1,099,200

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Definitions:

Program Activities

Specific actions, tasks, or events designed to achieve the objectives of a program or initiative.

Reflection

The process of critically thinking about one's actions, decisions, or experiences to gain insights or learn.

Participation

entails active engagement or involvement in a given activity, process, or event.

Maintaining Change

Maintaining Change involves strategies and support mechanisms that help individuals or organizations sustain improvements or modifications in behavior, processes, or practices over time.