In a Merchandising Business,gross Margin Is the Difference Between Sales

question 97

True/False

In a merchandising business,gross margin is the difference between sales revenue and the cost of goods sold.

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Definitions:

Icon Bar

A graphical interface component that provides quick access to common tasks or features within a software application.

Menus

Lists of options or commands presented to users within a software or system.

QBB File

A QBB file is a backup file format used by QuickBooks, a popular accounting software, to store financial data and backups of company files.

QBW File

A file type used by QuickBooks desktop software to store financial data, including transactions, accounts, and business information, essential for managing a company's books.