In a Merchandising Business,gross Margin Is Equal to Sales Revenue

question 102

Multiple Choice

In a merchandising business,gross margin is equal to sales revenue minus:

• A) the sum of cost of goods sold, operating expenses, and prepaid expenses
• B) the sum of cost of goods sold and operating expenses
• C) cost of goods sold
• D) the sum of cost of goods sold and sales commissions

---

Definitions:

Ethical Grounds

The moral principles or considerations that guide behavior or decision-making processes.

Whales

Large marine mammals belonging to the order Cetacea, known for their intelligence and complex behaviors.

Marine Fish Species

Aquatic species that live predominantly in oceanic and sea environments.

Coastal Waters

The part of the ocean adjacent to the coast, within a certain distance, often characterized by shallow depths and significant influence from land.