A Company Has Net Sales of $124,000, Cost of Goods

question 12

Multiple Choice

A company has net sales of $124,000, cost of goods sold of $76,000, operating expenses of $38,000, and other expenses of $5,000. The company's gross profit percentage is approximately:

• A)8.1%.
• B)4%.
• C)26.6%.
• D)38.7%.

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Definitions:

Core-Mantle Boundary

The core-mantle boundary is the transition zone between the Earth's solid silicate mantle and its liquid iron-nickel outer core.

S-Waves

Secondary or shear waves, a type of elastic wave that moves through the Earth during an earthquake, shaking the ground perpendicular to their direction of travel.

Refracted Upward

Describes a wave or beam of light changing direction as it passes upward through mediums of different densities.

Parkfield Segment

A section of the San Andreas Fault in California known for its high seismic activity and regular minor earthquakes.