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:

Ulna

The longer of the two bones in the forearm, running parallel to the radius and forming the elbow joint at its larger end.

Coronoid Process

A protruding structure on the upper jaw bone or on the ulna at the elbow, serving as an attachment point for muscles.

Intertubercular Sulcus

A groove on the humerus bone that houses the tendon of the biceps brachii muscle.

Humerus

The long bone in the upper arm, running from the shoulder to the elbow.