If Hostell Company Has Net Sales of $500,000 and Cost

question 175

Multiple Choice

If Hostell Company has net sales of $500,000 and cost of goods sold of $350,000, Hostell's gross profit rate is

• A)70%.
• B)30%.
• C)43%.
• D)100%.

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Definitions:

Rote Learning

is a memorization technique based on repetition, often without an understanding of the reasoning or relationships behind the information being learned.

Selective Rehearsal

A cognitive process in memory in which only certain information is rehearsed or repeatedly practiced, enhancing its storage and retrieval from long-term memory.

Culture-Free

Descriptive of a test in which cultural biases have been removed.

Culture-Biased

A tendency to interpret or judge phenomena in a way that is influenced by one's own cultural background or societal norms.