A Company Has Net Sales of $825,000 and Cost of Goods

question 90

Multiple Choice

A company has net sales of $825,000 and cost of goods sold of $547,000. Its net income is $98,500. The company's gross margin and operating expenses, respectively, are:

• A) $179,500 and $98,500
• B) $645,500 and $179,500
• C) $209,000 and $191,470
• D) $278,000 and $98,500
• E) $278,000 and $179,500

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Definitions:

Two-way ANOVA

A statistical procedure for investigating the effect of two categorical predictors on a continuous outcome.

Profile Plots

A graphical tool for exploring the interaction effects in a multivariate analysis, particularly applicable in the visualization of interactions between factors in factorial experiments.

Two-way ANOVA

An analytical test designed to evaluate the influence of two nominal independent variables on a continuous variable of interest.

One-way ANOVA

A statistical test used to compare the means of three or more independent groups to determine if there are any statistically significant differences between the groups' means.