If a Business's Net Sales Are $20,000 While Cost of Goods

question 32

True/False

If a business's net sales are $20,000 while cost of goods sold totals $6,000, its gross margin is $14,000 or 70 percent of sales.

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Definitions:

Functionalists

Scholars and theorists who analyze society by looking at the social structures that exist within it and how they serve to keep society stable and functioning.

Instrumental Role

Responsible for engaging in paid labour outside the home.

Expressive Role

Responsible for the emotional well-being of family members and the socialization of children.

Hegemonic

Relating to the dominant influence or authority over others, often in a cultural, societal, or political context.