The Following Information Has Been Provided by the Evans Retail

question 44

Multiple Choice

The following information has been provided by the Evans Retail Stores, Inc., for the first quarter of the year:
$\begin{array} { | l | r | } \hline \text { Sales } & \$ 350,000 \\\hline \text { Variable Selling Expenses } & \$ 35,000 \\\hline \text { Fixed Selling Expenses } & \$ 25,000 \\\hline \text { Cost of Goods Sold } & \$ 160,000 \\\hline \text { Fixed Administrative Expenses } & \$ 55,000 \\\hline \text { Variable Administrative Expenses } & \$ 15,000 \\\hline\end{array}$


-What is the gross margin of Evans Retail Stores,Inc.,for the first quarter?

• A) $140,000.
• B) $190,000.
• C) $210,000.
• D) $220,000.

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Definitions:

Overconsumption

The excessive use of resources or consumption of goods beyond what is sustainable or necessary.

Uncompensated Health Care

Medical services provided to individuals without any form of payment or reimbursement, often absorbed by healthcare providers as a financial loss.

U.S. Hospitals

Hospitals in the United States are healthcare institutions providing patient treatment with specialized staff and equipment.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable through market means.