If a Company Has Sales Revenue of $634000 Net Sales

question 60

Multiple Choice

If a company has sales revenue of $634000 net sales of $600000 and cost of goods sold of $378000 the gross profit rate is

• A) 37%.
• B) 40%
• C) 60%.
• D) 66%.

---

Definitions:

Scenario Planning

A strategic planning method used to make flexible long-term plans based on varying assumptions about future conditions.

Quantitative Model

A mathematical model that represents systems using numerical parameters to predict and analyze their behavior under different scenarios.

Qualitative Model

A model that focuses on non-quantifiable aspects such as patterns, themes, or descriptions to understand phenomena or behaviors.

Long-Term Environmental Forecasts

Predictions about how the broader environment, including social, technological, economic, environmental, and political trends, will change over a lengthy period and affect an organization.