If a Company Has Sales Revenue of $630,000, Net Sales

question 107

Multiple Choice

If a company has sales revenue of $630,000, net sales of $600,000, and cost of goods sold of $390,000, the gross profit rate is

• A)35%.
• B)38%
• C)62%.
• D)65%.

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Definitions:

Four Freedoms

Fundamental principles outlined by President Franklin D. Roosevelt in 1941, which include freedom of speech, freedom of worship, freedom from want, and freedom from fear.

Truman's Decision

Refers to President Harry S. Truman's decision to use atomic bombs on Hiroshima and Nagasaki in 1945, effectively ending World War II.

Atomic Bombs

Powerful nuclear weapons that release enormous energy through nuclear reactions, historically used during World War II on the Japanese cities of Hiroshima and Nagasaki.

Good Neighbor Policy

A foreign policy adopted by the United States during the presidency of Franklin D. Roosevelt towards Latin America, aiming at non-intervention and non-interference in the domestic affairs of Latin American countries.