Use the Following Information for Questions 64 Through 69

question 7

Multiple Choice

Use the following information for questions 64 through 69.
The following data are provided: Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The profit margin on sales for 2015 is

• A) 2,200 ÷ 6,400.
• B) 750 ÷ 6,400.
• C) 2,200 ÷ 4,200.
• D) 750 ÷ 4,200.

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Definitions:

Availability Heuristic

An intellectual shortcut that depends on the readily accessible examples in someone's memory upon contemplating a certain subject, notion, technique, or judgment.

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The act of individuals or entities protecting themselves against financial loss through the purchase of insurance.