A Company's Gross Profit Was $83,750 and Its Net Sales

question 62

Multiple Choice

A company's gross profit was $83,750 and its net sales were $347,800. Its gross margin ratio equals:

• A) 24.1%.
• B) $264,050.
• C) 75.9%.
• D) 4.2%.
• E) $83,750.

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to certain values.

Free Cash Flows

Funds generated by a corporation after subtracting cash spent on operational maintenance and preservation of capital assets.

Agency Relationship

A contractual relationship where one party (the principal) grants authority to another party (the agent) to act on its behalf.

Decision-Making Authority

The power or right allocated to individuals or groups to make decisions within an organization.