A Firm Has Net Sales of $35,000,operating Expenses of $6,100,depreciation

question 36

Multiple Choice

A firm has net sales of $35,000,operating expenses of $6,100,depreciation of $1,700,and cost of goods sold of $18,300.What is the gross margin?

• A) 31.1 percent
• B) 35.4 percent
• C) 47.7 percent
• D) 52.9 percent
• E) 59.2 percent

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Definitions:

Nail Biting

A common nervous or stress-related habit where an individual chews on the nails of their fingers.

Alcohol Abuse

The harmful consumption of alcohol that leads to negative health, social, or legal consequences.

Hypnotically Suggestible

Referring to the extent to which individuals can be induced into a hypnotic state, often resulting in heightened suggestibility.

Psychological Dependence

A psychological need to use a drug, such as to relieve negative emotions.