A Firm Has Net Sales of $43,000, Operating Expenses of $8,200

question 53

Multiple Choice

A firm has net sales of $43,000, operating expenses of $8,200, depreciation of $2,500, and cost of goods sold of $21,400. What is the gross margin?

• A)41.1%
• B)45.4%
• C)47.7%
• D)50.2%
• E)55.1%

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Definitions:

Crushing Process

A method in material processing where large pieces are reduced to smaller sizes, often used in mining and waste management.

Industrial Fiber

Engineered fibers used in manufacturing for their specific properties, such as strength, flexibility, or resistance to heat.

Joint Process

A manufacturing procedure in which multiple products are produced simultaneously from the same raw materials or processes.

Split-Off Point

The stage in a production process where multiple products emerge from a common input and can be separately identified or measured.