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JCS Incorporated experienced the following transactions during its first year of business.The company purchased $16,000 of merchandise from Kent Company.The company paid $2,000 for selling and administrative expenses and purchased land for $5,000.All of the merchandise purchased was sold for $30,000 cash.What is the company's gross margin?
Diesel Generators
Power generation units that convert diesel fuel into electricity, commonly used for backup power or in areas without access to the electric grid.
No Crowds
The absence of a large group of people gathered together, often implying a place or situation that is not busy or congested.
Shopping Malls
Large indoor complexes that house a wide variety of retail stores, eateries, and often entertainment facilities.
Noisy
Characterized by or making a lot of sound, especially of a kind that is unpleasant or disturbing.
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