If a Company Has Sales Revenue of $630,000, Net Sales

question 79

Multiple Choice

If a company has sales revenue of $630,000, net sales of $600,000, and cost of goods sold of $390,000, the gross profit rate is

• A) 35%.
• B) 38%
• C) 62%.
• D) 65%.

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Definitions:

Accommodation

The modification of existing schemes to permit the incorporation of new events or knowledge.

Scheme

An action pattern or mental structure that is involved in the acquisition and organization of knowledge.

Genotype

The genetic form or constitution of a person as determined by heredity.

Anal Stage

The second stage in Freud's theory of psychosexual development, occurring approximately between the ages of 18 months and three years, where the focus of pleasure shifts to the anus and includes behaviors associated with toilet training.