What Is the Total Gross Profit of the Company If

question 47

Short Answer

What is the total gross profit of the company if there are three departments (A, B, and C) and the net sales are $200,000, $164,000, and $286,000, respectively, and cost of goods sold is $86,000, $92,000, and $82,000, respectively
A)$390,000
B)$650,000
C)$400,000
D)$260,000

• A)$390,000
• B)$650,000
• C)$400,000
• D)$260,000

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Definitions:

Frederick W. Taylor

An American mechanical engineer who sought to improve industrial efficiency and is considered the father of scientific management.

Workplace

The physical or virtual location where people perform their job duties.

Social Organization

The structured arrangement of societal institutions and groups, shaping how members of a society interact and function together.

Economy

An organized system of production, distribution, and consumption of goods and services within a particular geographical region.