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:

Conditioned Stimulus

A stimulus that initially has no inherent significance but acquires the ability to evoke a response after being associated with an unconditioned stimulus.

Stimulus Discrimination

The ability to distinguish between one particular stimulus and similar stimuli, not responding the same way to variations of the original stimulus.

Conditioned Stimulus

A neutral stimulus that, once it becomes linked with an unconditioned stimulus, ultimately leads to eliciting a conditioned response.

Unconditioned Stimulus

A stimulus that innately prompts a reaction without the necessity for prior conditioning.