Carrington Inc

question 129

Multiple Choice

Carrington Inc.reported net sales revenues of $19.8 billion and cost of goods sold of $6.0 billion.Its gross profit percentage was:

• A) 30.3%.
• B) 69.7%.
• C) 3.3%.
• D) 2.3 %

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Definitions:

Annuity

A financial instrument that provides a steady flow of payments to a person, often employed as a source of income for those in retirement.

Present Value

The present-day valuation of a money amount expected in the future or series of cash inflows, factoring in a specific return rate.

Interest Rate

The percentage charged on the total amount you borrow or save, often annually.

Annuity

An economic tool that delivers a consistent series of payments to someone, commonly utilized as a revenue stream for retired individuals.