Shelcal,Inc The Cost of Goods Sold as a Percentage of Net

question 84

Multiple Choice

Shelcal,Inc.provides the following data for the year 2017: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 410,000 \\\hline \text { Sales Returns and Allowances } & 1,000 \\\hline \text { Sales Discounts } & \underline { 830 } \\\hline \text { Net Sales Revenue } & 408,170 \\\hline \text { Cost of Goods Sold } & \underline { 255,000 } \\\hline\end{array}$$ The cost of goods sold as a percentage of net sales revenue is ________.(Round your answer to two decimal places. )

• A)62.63%
• B)62.76%
• C)62.20%
• D)62.47%

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Definitions:

Organ of Corti

The Organ of Corti is a structure located within the cochlea of the inner ear, containing hair cells responsible for converting sound vibrations into electrical signals.

Hair Cells

Sensory cells found in the inner ear that are essential for hearing and balance, responding to mechanical stimuli by converting them into electrical signals.

Organ of Corti

The Organ of Corti is a structure in the cochlea of the inner ear that contains hair cells, which convert sound vibrations into nerve impulses.

Malleus, Incus, Stapes

The three small bones in the middle ear that transmit sound vibrations from the eardrum to the inner ear.