Z-Mart Had Sales of $498,100

question 55

Multiple Choice

Z-Mart had sales of $498,100. Cost of goods sold was $143,400. What is the grossprofit?

• A)$214,600.
• B)$501,900.
• C)$354,700.
• D)$215,100.
• E)40%.

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Definitions:

Treasury

Refers to the government department responsible for managing the revenue, spending, and overall financial policies of a country. It can also refer to the corporate division dealing with financial and liquidity management in a company.

Voting Rights

The rights of shareholders to vote on corporate matters, such as electing the board of directors or approving corporate policies.

Dividends Per Share

The amount of dividends that are paid out per share of a company's stock.