A Company Had Net Sales of $752,000 and Cost of Goods

question 130

Multiple Choice

A company had net sales of $752,000 and cost of goods sold of $543,000.Its net income was $17,530.The company's gross margin ratio equals:

• A)18.9%
• B)24.5%
• C)27.8%
• D)34.7%
• E)35.2%

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Definitions:

Probability Distribution

A probability distribution is a statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Occurrences

Occurrences refer to the instances or events of something happening or being present in a particular context or dataset.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events happening in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Number Of Calls

A metric often used in telecommunications to describe the total volume of calls made or received within a specified period.